Deloitte has released its annual list of the fastest-growing firms in North America. The 26th year of the list, The North America Technology Fast 500 is an annual ranking of companies in the technology, media, telecommunications, life sciences, Fintech and energy tech sectors.
Of the software companies on the list, digital platforms (33%) and enterprise infrastructure and productivity (23%) companies comprise the leading sub-sectors, followed by the Fintech sub-sector at 15%. Since the list started, software companies have made up the majority of the winners. In 2020, these firms booked a median growth rate of 465%.
In a release, Paul Silverglate, Vice Chairman of Deloitte LLP and U.S. technology sector leader, stated:
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives. We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
Deloitte notes that 81% of the companies were backed by venture capital at some point in their company history.
As one would expect, the list is chock full of well-known Fintechs.
If you are interested, you may download the complete list here.
Unfortunately, Deloitte notes there are plenty of Fintechs represented on the list but they do not break down the category individually.
Some of the Fintech names include; Bolt, Unison, PeerStreet, Groundfloor, OppLoans, Crowdstreet, DV01, LendingPoint, VersaPay, Fundera, Fundrise, Fund That Flip, BitPay, Lendio, and more. Most of the names on the list are software or SaaS forms. It’s a digital world, and software rules.