Verrency ranked Number 1 fastest growing technology company in Australia on the Deloitte Technology Fast 500(TM) Asia Pacific 2020 ranking

    Attributes its 2,752% Revenue Growth to its ability to solve a global banking infrastructure problem – how to deliver innovative consumer services without migrating off legacy platforms.

    Verrency today announced that it ranked Number 15 on the Deloitte Technology Fast 500™ Asia Pacific 2020, a ranking of the 500 fastest growing technology companies in Asia Pacific. Rankings are based on percentage revenue growth over three years. Verrency grew 2,752% percent during this period.  Verrency was the highest-ranking Australian company on the index.

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    Verrency’s CEO & Founder, David Link, credits the company’s modern technology platform, dedicated global team, and Verrency’s ability to meet the exponentially increasing need for banks to differentiate themselves around the moment of payment with the company’s 2,752% revenue growth over the past three years. He said, “We are honoured and thrilled to have Verrency recognised by Deloitte as the fastest growing technology company in Australia in their 2020 Fast 500 Ranking. Our commitment to driving payments innovation for banks on the global stage – as an enabling infrastructure SaaS platform – has been core to our operations since Verrency started in 2016.”

    “Being ranked on the Deloitte Technology Fast 500™ is an impressive achievement, especially because today’s technology companies are thriving in extraordinarily competitive and changeable environments,” said Mike Horne, Asia Pacific Deloitte Private Leader. “We applaud Verrency for being the top ranked Australian company on the index.”

    Overall, companies that ranked on the Deloitte Technology Fast 500™ Asia Pacific 2020 program had an average growth rate of 551 percent.

    Deloitte Technology Fast 500™ Asia Pacific selection and qualifications

    The Technology Fast 500™ list is compiled from the Deloitte Asia Pacific Technology Fast 50 programs, nominations submitted directly to the Technology Fast 500™, and public company database research. To qualify for the Technology Fast 500™, entrants must have had base-year operating revenues of at least US$ 50,000. Entrants must also be public or private companies headquartered in Asia Pacific and must be a “technology company,” defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or manufactures a technology-related product; or devotes a high percentage of effort to the research and development of technology. Using other companies’ technology in a unique way does not qualify.

    SOURCE Verrency