TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsized fleets, reported a 45% increase in revenue in Q2/21 compared with Q1/21, eclipsing its goal of increasing revenue by 35% during the quarter.
TopMark Funding attributed the growth to the expansion of its sales team, its product offerings, its increasing brand awareness, its growing dealership network and the improvement in the overall U.S. economy. TopMark Funding expects an additional increase in sales personnel and strong revenue growth in the second half of 2021.
“The TopMark team is energized by the growth we’re experiencing this year, both in exceeding sales goals and growing our senior talent. After the uncertainty that 2020 brought to the transportation industry and the overall economy, it’s nice to see and be part of its rebound,” Dan Summers, co-founder of TopMark Funding, said.
“The continued investment in our sales team expansion underscores our commitment to support our rapidly growing dealerships’ business with top talent. This is another step in our journey to become a significant originator in the transportation space,” Evan Lang, co-founder of TopMark Funding, said.
In the second quarter, TopMark Funding increased its number of account executives by 15%. The company is on pace to meet its goal of a 45% total increase in its sales force by the end of the year.
TopMark Funding plans to focus on expanding its footprint, growing its sales team and further enhancing its processes with added technology in the back half of the year. Dealerships can expect additional features within DealerLinc 2.0, which TopMark Funding began developing in April and intends to roll out in Q3/21.
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