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FundThrough Ranked Number 431 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™
For Immediate Release
PR Contact: Helen Shacklett, Sr. Manager Communications, FundThrough, [email protected]
FundThrough Ranked Number 431 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™
Attributes 280% Revenue Growth to integrated partnerships and increased solution awarness.
Toronto, ON – November 8, 2023 - FundThrough today announced it ranked 431 on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year. FundThrough grew 280% during this period.
FundThrough’s chief executive officer and co-founder, Steven Uster, credits the company’s integrated partnerships, increased awareness and stronger adoption of their cash flow solution among growing businesses with the company’s 280% revenue growth. He said, "It’s an honor to have made the list for a second time by leveling the playing field for small businesses who wait to get paid by large buyers. As we’re actively deepening our existing partnerships and embedding early invoice payments into B2B marketplaces, apps, and accounts payable ecosystems to bring quick cash flow to more small businesses, the future is bright.
“Each year we look forward to reviewing the progress and innovations of our Technology Fast 500 winners. This year is especially celebratory as we expand the number of winners to better represent just how many companies are developing new ideas to progress our society and the world, especially during a slow economy,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “While software and services and life sciences continue to dominate the top 10, we are encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success.”
“As for growing companies, it’s always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Over the nearly 30 years we’ve been compiling the Technology Fast 500, we’ve seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor.”
FundThrough previously ranked No. 128 on the Deloitte Technology Fast 500™ list in 2021, showcasing a notable 1,071% revenue growth over a three-year period, attributed to its deep embedded partnerships with key B2B software providers and marketplaces.
FundThrough’s chief executive officer and co-founder, Steven Uster, credits the company’s integrated partnerships, increased awareness and stronger adoption of their cash flow solution among growing businesses with the company’s 280% revenue growth. He said, "It’s an honor to have made the list for a second time by leveling the playing field for small businesses who wait to get paid by large buyers. As we’re actively deepening our existing partnerships and embedding early invoice payments into B2B marketplaces, apps, and accounts payable ecosystems to bring quick cash flow to more small businesses, the future is bright.
“Each year we look forward to reviewing the progress and innovations of our Technology Fast 500 winners. This year is especially celebratory as we expand the number of winners to better represent just how many companies are developing new ideas to progress our society and the world, especially during a slow economy,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “While software and services and life sciences continue to dominate the top 10, we are encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success.”
“As for growing companies, it’s always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Over the nearly 30 years we’ve been compiling the Technology Fast 500, we’ve seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor.”
FundThrough previously ranked No. 128 on the Deloitte Technology Fast 500™ list in 2021, showcasing a notable 1,071% revenue growth over a three-year period, attributed to its deep embedded partnerships with key B2B software providers and marketplaces.
About the 2023 Deloitte Technology Fast 500™
Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2019 to 2022.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About FundThrough
FundThrough is a leading fintech company accelerating cash flow and enabling growth for small and medium businesses who sell to large customers and wait to get paid. Based in Toronto and operating across North America, FundThrough’s AI-powered invoice funding platform gives B2B businesses fast, customized funding offers to get their invoices paid in a few days – rather than a few months – and get quick access to cash they’ve already earned. For more information, go to http://www.fundthrough.com.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 457,000 people worldwide connect for impact at www.deloitte.com.