FundThrough Ranked Number 128 Fastest-Growing Company in North America on the 2021 Deloitte Technology Fast 500™
For Immediate Release
PR contact: Carol Foote, Director of Marketing, [email protected]
FundThrough Ranked Number 128th Fastest-Growing Company in North America on the 2021 Deloitte Technology Fast 500™
Attributes 1,071% Revenue Growth to embedded partnerships with key B2B software providers and marketplaces.
Toronto, ON, November 17, 2021 — FundThrough today announced it ranked 128 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. FundThrough grew 1,071% during this period.
FundThrough’s Chief Executive Officer, Steven Uster, credits deep embedded partnerships and increased awareness and adoption of their cash flow solution among growing businesses invoicing and waiting to get paid by much larger customers with the company’s 1,071% revenue growth. He said, “We’re honored to be included in the ranking. It’s exciting to level the playing field for our clients who can’t control when their larger, more powerful customers pay them. Because they’ve given us the opportunity to help grow their businesses by speeding up their cash flow, our business has grown as well – even through the challenges of COVID-19.”
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”
About the 2021 Deloitte Technology Fast 500™
Now in its 27th 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 2017 to 2020.
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.
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.
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