Named Canada’s #1 Fastest Growing Company in Deloitte’s Technology Fast 50™ Awards
December 02, 2021: SAN FRANCISCO--(BUSINESS WIRE)--Snapcommerce, the mobile commerce platform that maximizes consumer savings, is proud to announce the company has been selected as the 5th fastest growing company in North America in Deloitte’s annual Fast 500™ awards. The company, based in both San Francisco and Toronto, was also named Canada’s #1 fastest growing company in Deloitte’s Technology Fast 50™ program for the highest revenue-growth percentage over the past four years, entrepreneurial spirit, and bold innovation.
Snapcommerce is a flexible, AI-driven platform that helps customers save across everything that they buy on their phones. Snapcommerce’s 20M+ users will have spent over $1B across its various products, including Snaptravel – its flagship travel product which has saved consumers over 100,000 hours of shopping time while realizing over $100 million in direct savings.
Snapcommerce's CEO Hussein Fazal credits the company’s six core values: “Think Big, Move Fast, Same Goal-One Team, Data-Driven, Open & Transparent & Be an Owner” with the company's swift growth and scale.
“I’m incredibly proud of the global Snapcommerce team for being laser-focused on the customer experience, innovation, and incredible focus it has taken to thrive in the tumultuous business environment of the past few years,” said Fazal. “On behalf of the entire Snapcommerce team, we are deeply honored to be recognized by Deloitte as a global technology innovator.”
The Technology Fast 500 recognizes the passion and dedication it takes to be an industry disruptor. For the past 27 years, Deloitte has been honoring the most innovative, fastest-growing public and private companies in the technology, media, telecommunications, life sciences, fintech, and energy tech sectors that hail from cities across North America. Technology Fast 500 awardees are selected based on percentage fiscal year revenue growth from 2017 to 2020. Snapcommerce ranks fifth with a 32,536% percent revenue growth from 2017 to 2020.
“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.”
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. For additional details on the Technology Fast 500, including the complete list and qualifying criteria, visit www.fast500.com.
About the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is Canada’s preeminent technology awards program. Celebrating business growth, innovation, and entrepreneurship, the program features distinct categories, including the Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying technology companies in the United States and Canada. The 2021 program sponsors include Deloitte, RBC, EDC, TMX Group, Miller Thomson, Clarity Recruitment, and Lafond. For further information, visit www.fast50.ca.
Snapcommerce, is the mobile commerce platform that uses AI to connect price-conscious consumers to the best deals online. The company’s flagship product, Snaptravel provides great travel deals over SMS, Messenger, and WhatsApp. Snapcommerce was co-founded by serial entrepreneur Hussein Fazal and former Google engineer Henry Shi who have closed over $100M in total funding to date. To learn more, visit snapcommerce.com.