This article was originally published on CardFlight here.
CardFlight’s three-year growth rate of over 2,900% placed the company on the 2018 list of fastest growing technology companies in North America.
New York, New York – CardFlight, the leading mobile POS and SaaS payment technology company, announced today that it ranked 48 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. CardFlight’s 2,916% three-year growth rate placed the company on this year’s list. Overall, 2018 Technology Fast 500™ companies achieved median growth of 412%.
Founded in 2013 and with operations in New York City and Lincoln, Nebraska, CardFlight prides itself on being the leader in payment technology and mobile point-of-sale solutions. The company partners with merchant service providers, banks, and independent sales organizations to serve more than 45,000 small businesses in all 50 U.S. states.
Derek Webster, CardFlight’s Founder and CEO, credits the company’s commitment to delivering superior products for enabling the company’s revenue growth. He said, “I’m proud and honored to see CardFlight recognized on Deloitte’s Fast 500 list. Our team works hard to deliver the best-in-class payment acceptance technology to our partners, and to enable them to serve tens of thousands of small businesses across the United States. The team’s talent and dedication enable CardFlight’s growth and success and I want to thank them. I would also like to thank Deloitte for honoring us on the Fast 500 list this year.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences 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 2014 to 2017.
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 $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.