NEW YORK, NY--(Marketwired - November 16, 2016) - Biz2Credit today announced it ranked number 114 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. Biz2Credit grew an astounding 802 percent from 2012 to 2015.
Biz2Credit's CEO Rohit Arora credits technological innovation and a change in borrowers' mindsets for the company's significant revenue growth.
"It is an honor for Biz2Credit to be recognized in the same class as the fastest growing tech companies in North America," said Biz2Credit CEO Rohit Arora. "The award is indicative of our success over the years and our focus is on being the world's best and largest FinTech platform. Continuing to lead the industry in technological innovations serves as a centerpiece to growth."
Since its inception in 2007, Biz2Credit has arranged $1.5 billion in funding for small business owners and has recently established international partnerships with the Australian Finance Group (AFG.AX), one of Australia's largest providers of mortgage brokering services, and most recently, Kotak Mahindra Bank, India's fourth largest private sector bank.
Next year, Biz2Credit has set a target of arranging more than $200 million in funding for entrepreneurs in India, the world's fastest growing economy. These types of international partnerships will be key to Biz2Credit's growth in the coming years.
"Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. "This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls."
Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.
"This year's Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead," added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors."
About Deloitte's 2016 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 2012 to 2015.
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.
As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
Founded in 2007, Biz2Credit has arranged $1.5 billion in small business financing and is widely recognized as the #1 online credit resource for working capital, commercial real estate and other funding options in the U.S. Using the latest technology, Biz2Credit matches borrowers to financial institutions based on each company's unique profile -- completed in less than four minutes -- in a safe, efficient, price-transparent environment. Visit http://www.biz2credit.com, follow on Twitter @Biz2Credit, and join on Facebook at http://www.facebook.com/biz2credit.