Coconut Ranked as a Fastest-Growing Company in North America on the 2022 Deloitte Technology Fast 500™
Saskatoon, SK, and Toronto, ON, November 16, 2022— Coconut Software today announced it ranked 343rd 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. Coconut Software grew 404% during this period.
Coconut’s Chief Executive Officer, Katherine Regnier, credits the company’s strong culture and innovative banking solutions with it’s revenue growth. “We attribute our growth to our team’s focus on finding solutions for digital banking roadblocks that financial institutions and their customers face,” says Regnier. “We are proud to be one of North America’s fastest growing companies. The caliber of companies on this list is top-notch. Congratulations to all of the winners!”
Coconut was named on the 2021 Companies-to-Watch list, which spotlights emerging companies that exhibit strong growth and show potential to be a future candidate of the Technology Fast 50™ award.
Overall, 2022 Technology Fast 500™ companies achieved revenue growth ranging from 241% to 125,138% from 2018 to 2021, with median growth of 611%.
About the 2022 Deloitte Technology Fast 500™
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.
About Coconut Software
Coconut Software makes it effortless for customers to connect with their bank or credit union. Our appointment scheduling, queue management, and video banking solutions are used by leading financial institutions across North America, including RBC, Arvest Bank, Vancity, and Rogue Credit Union. Organizations that use Coconut benefit from a seamless customer experience that improves NPS, reduces wait times, and increases conversion rates. Founded in 2011, Coconut Software is headquartered in Saskatoon, Saskatchewan, with offices in Toronto, Ontario. For more information, please visit coconutsoftware.com.
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