TabaPay Ranked 104th Fastest-Growing Company in North America and 19th in the Bay Area on the 2022 Deloitte Technology Fast 500™
Attributes 1,521% Revenue Growth to the rapid adaption of real-time payments and payouts coupled with TabaPay's sophisticated payment platform that reduces payment complexity and simplifies liquidity management
MOUNTAIN VIEW, Calif., Nov. 16, 2022 /PRNewswire/ -- TabaPay today announced it ranked 104th 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 28th year. TabaPay grew by 1,521% during this period.
TabaPay's Chief Executive Officer and co-founder, Rodney Robinson, credits the shift from slow to instant payments that created new business models, a sophisticated payment platform, and exceptional customer service with the company's 1,521% revenue growth. He said, "TabaPay's growth is due to the success of our clients coupled with an exceptional team who deliver products our clients need and superior customer service. We process over 1MM transactions/day and we hope to make a difference every day to the success of our clients."
"As the past year has shown us, innovation in important areas such as life sciences is critical to addressing infectious disease and other global health issues," said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. "In addition, technology must keep pace with ever-changing consumer and corporate demands for faster, safer and more efficient solutions to new societal challenges. Each year I am in awe of the immense talent the Technology Fast 500 rankings reveal, confirming the winners' relentless pursuit of creativity and their ability to solve real-world problems that benefit us all."
"This year's Technology Fast 500 list is a true reflection of some of today's most determined and inspiring pioneers who have prospered by anticipating what's next, understanding what's needed to succeed and driving creativity forward," said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte's audit and assurance practice. "Representing all facets of technology, the winners have shown they not only have the vision but can also expertly manage their companies through rapid growth. We congratulate each winner on their impressive achievements."
Overall, 2022 Technology Fast 500™ companies achieved revenue growth ranging from 241% to 125,138% from 2018 to 2021, with median growth of 611%.
Now in its 28th 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 2018 to 2021.
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.
TabaPay, the leading instant money movement platform, enables secure, reliable, and lower-cost instant payments for Fintech innovators. We offer direct access to 15 banking partners, 14 networks, multiple geographies, innovative products, and features in one unified API. TabaPay is trusted by >2,000 Fintechs and Financial Institutions and is ranked a top merchant acquirer in the US, processing over a million transactions a day. For more information, visit www.tabapay.com
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
PR Contact: Jason Tinder, TabaPay, [email protected]
SOURCE TabaPay
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