Rapid Ratings International Inc. is a SaaS technology firm that provides information on the financial health of public and private companies around the world.
Additionally, Rapid Ratings offers a service to obtain financial statements from private company third parties to increase transparency and improve visibility.
In 2020, the firm predicted that more than half of the companies currently operating on the globe would become high risk due to a decrease in revenues brought on by the Covid-19 pandemic.
In 2007, James H. Gellert and Douglas M. Cameron, bankers and entrepreneurs in the financial and business information services markets, brought RapidRatings to the United States.
[6] In April 2016, RapidRatings secured its Series A round of funding from private equity firm LLR Partners to invest in growth and focus on innovation.
In September 2018, RapidRatings secured $30 million in its Series B round of funding from private equity firm FTV Capital to continue investing in growth.
[9] The FHR is calculated using fundamental data from a company’s financial statements and does not take into account market inputs, analysts' opinions, trade payments, or contact with issuers, bankers, or advisors.