DENVER, CO – December 6, 2012 – PaySimple, the leading provider of cloud-based automated payments and receivables solutions for small businesses, announced today that it was selected as a Red Herring Top 100 Global company, which recognizes the leading private technology companies from North America, Europe, and Asia.

Red Herring’s Top 100 Global list has become a mark of distinction for identifying promising companies and entrepreneurs. Since 1999, Red Herring has been evaluating applicants with a rigorous three step process using 20 specific criteria to determine worthy candidates for the annual accreditation. Over 1000 companies per continent submit an entry each year. PaySimple was chosen as a Top 100 company in the Americas in May 2012 and as a global finalist in November.

“PaySimple solves the most crucial problem most small businesses face around the world: cash and payments collections. This easy-to-use, easy-to-integrate solution will become ubiquitous in Tokyo, London and New York,” said Alex Vieux, publisher and CEO of Red Herring. “The company, founded by a serial entrepreneur, has all the attributes of future global player. Management has built partnerships with worldwide household names. The company’s ability to execute over the past years and to meet the immense market demands compelled the jury to select PaySimple as a Red Herring Global Top 100 winner this year.”

“Inclusion in the Red Herring Global Top 100 is a tremendous achievement for our company,” said Eric Remer, CEO of PaySimple. “This award validates our commitment to empowering small businesses to more effectively manage their businesses through automated billing, collection, and customer management. We look forward in 2013 to bringing this value to more businesses in the U.S. and to new global markets.”