ZayZoon Recognized for Rapid Growth in 2023 Deloitte Technology Fast 500™ and Canadian Technology Fast 50™
Workplace engagement and Earned Wage Access provider sees significant growth by prioritizing needs of small and midsize businesses
PHOENIX–(BUSINESS WIRE)–ZayZoon, the Earned Wage Access (EWA) provider for small and mid-sized businesses, today announced it ranked 141 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology companies in North America, and 21 on the Canadian Technology Fast 50™. ZayZoon achieved 1006% growth from 2019 to 2022, and continues to work towards its mission of saving 10 million employees 10 billion dollars. With 63% of Americans living paycheck to paycheck, ZayZoon works to provide employees with financial stability and helps employers support increased financial education and wellness for their teams.
“As an organization that was founded in Canada and that serves businesses across the U.S., it’s extremely rewarding to see our growth recognized on such a large scale,” said Tate Hackert, President and Co-Founder of ZayZoon. “Our goal is to empower our customers and help their paychecks go further. In the last year, we’ve nearly doubled our headcount and expanded our platform to include more flexible payout options and increased access to financial education opportunities so that more employees can break the paycheck-to-paycheck cycle that nearly 63% of Americans are living in.”
The Deloitte Technology Fast 50 winners consist of public and private companies in the technology sector that are transforming the industry. The program runs parallel to the broader Deloitte North American Technology Fast 500™.
“It’s inspiring how this year’s exceptional cohort of Technology Fast 50 winners have delivered outstanding revenue growth even in the face of prevailing uncertainties in the economy and marketplace,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Fueled by exemplary innovation, creativity, resilience, adaptability, along with superior business leadership, these companies are paving the way as catalysts in their respective sectors and delivering growth and value to the Canadian economy both at home and beyond.”
“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.”
About ZayZoon:
ZayZoon is the financial empowerment platform for small and mid-sized businesses. With ZayZoon, payday finally comes with the push of a button. It’s free for employers and takes only 30 minutes to implement. Employees can use ZayZoon to get paid whenever, however. The platform also offers educational resources and tools to help workers break the paycheck-to-paycheck cycle. And it works. 89% of employees who use ZayZoon report less financial stress, and employers who offer ZayZoon boast a 29% reduction in turnover. Visit ZayZoon at: https://www.zayzoon.com/
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 the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is Canada’s preeminent technology awards program. Celebrating its 26th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise—Industry leaders, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2023 program sponsors include Deloitte, RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For further information, visit www.fast50.ca.
Contacts
Rachel Goodwill
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