ORLANDO, Fla., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Ernst & Young LLP (EY US) today announced that Suneera Madhani, Founder & CEO, and Sal Rehmetullah, Founder & President, both of Stax were named Entrepreneur Of The Year® 2021 Florida Award winners. The Entrepreneur Of The Year Awards program is one of the preeminent competitive awards for entrepreneurs and leaders of high-growth companies. The award recognizes those who are unstoppable entrepreneurial leaders, excelling in talent management; degree of difficulty; financial performance; societal impact and building a values-based company; and originality, innovation and future plans. Suneera and Sal were selected by an independent panel of judges, and the award was announced during the program’s virtual awards gala on August 5, 2021.
“Receiving this award as entrepreneurs and leaders together with my brother and co-founder Sal is an unbelievable honor,” said Suneera Madhani. “EY’s prestigious recognition reflects the immense impact we continue to make within the community through our values and Stax’s innovative approach to integrated payment technology. It’s incredible to see how far we have come over the last few years and we’re grateful for the opportunity to represent our parents, our incredible team, and our community.”
Stax by Fattmerchant is the industry’s only complete all-in-one solution for managing everything in the payments ecosystem. The Entrepreneur of the Year accolade follows Stax’s recent rebrand to mirror the fintech’s growth and transformation from an innovative payments company to its position today as a leading technology and solutions provider in the financial space.
“We are humbled with having been recognized as EY’s Entrepreneur of the Year,” said Sal Rehmetullah. “Receiving this award is a significant accomplishment, not just for our family, but for our Stax team and our partners. We truly couldn’t be here without them and the thousands of customers who continue to support us.”
Stax is one of America’s fastest growing fintech companies, recognized by U.S. News and World Report, Inc., and Fortune for its radically simple payment technology. Stax (formerly Fattmerchant) empowers more than 22,000 small businesses, large businesses, and software platforms through the industry's only all-in-one payments API. Stax’ platform provides businesses and SaaS platforms the ability to manage their payment ecosystem, analyze data, and simplify their customer experience through fully integrated solutions. With access to everything they need to transact seamlessly, the one-stop tool allows companies to move faster, think smarter, and make better business decisions through the power of payments. Stax has powered more than $10 billion in transactions and expanded globally to international markets outside of the US.
For 35 years, EY US has honored entrepreneurs whose ambition, courage and ingenuity have driven their companies’ success, transformed their industries and made a positive impact on their communities. Suneera and Sal will go on to become lifetime members of the esteemed multi-industry community of award winners, with exclusive, ongoing access to the experience, insight and wisdom of fellow alumni and other ecosystem members in over 60 countries — all supported by vast EY resources.
As a Florida award winner, Suneera and Sal are now eligible for consideration for the Entrepreneur Of The Year 2021 National Awards. Award winners in several national categories, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced on November 13 at the Strategic Growth Forum®, one of the nation’s most prestigious gatherings of high-growth, market-leading companies.
The Entrepreneur Of The Year program has honored the inspirational leadership of entrepreneurs such as:
| • Joe DeSimone of Carbon, Inc. | • Kendra Scott of Kendra Scott LLC |
| • Hamdi Ulukaya of Chobani | • Reid Hoffman and Jeff Weiner of LinkedIn |
| • Chris and Robin Sorensen of Firehouse Subs Restaurant Group Inc. | • Ellen Latham of Orangetheory Fitness |
| • James Park of Fitbit | • Howard Schultz of Starbucks Corporation |
| • Mindy Grossman of HSN, Inc. | • Justin Wetherill of uBreakiFix |
| • H. Wayne Huizenga of Huizenga Holdings Incorporated | • Jodi Berg of Vitamix |
Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are nationally sponsored by SAP America and the Kauffman Foundation. In Florida, sponsors also include Premium sponsor PNC Bank and Supporting sponsors DLA Piper LLP and Donnelly Financial Solutions.
About Entrepreneur Of The Year®
Entrepreneur Of The Year® is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. National overall winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/us/eoy
About EY Private
As Advisors to the ambitious™, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs. Visit ey.com/us/private
About EY
EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.
Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.
Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
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