NEW YORK, Nov. 9, 2017 /PRNewswire/ -- Leading digital identity authenticator Payfone today announced that it is a winner of Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. The New York City-based firm, which helps companies to protect their users and bottom lines with its patented technology that thwarts identity theft and mobile account takeover attacks, achieved a 2,152% growth in revenue between 2013 and 2016, making Payfone the 72nd fastest growing technology company in North America during that period. The win marks an important milestone for Payfone along its trajectory toward hitting 50,000,000 authentication events per day for Fortune 100 clients, including 6 of the top 10 U.S. banks, by year-end. Recent additions to Payfone's client list include a leading cryptocurrency exchange, a rapidly growing luxury retailer, and one of the world's largest insurance companies.
"We are absolutely thrilled to have ranked amongst the top 100 fastest growing companies on the prestigious Deloitte Technology Fast 500™ list," said Rodger Desai, Chief Executive Officer of Payfone. "To be mentioned alongside game-changing companies like ClassPass and Foursquare is a testament to the Payfone team's untiring commitment to helping enterprises protect their users against cyber fraud and our emergence as the new standard for identity authentication. This win will only serve as fuel for our team to keep innovating and pushing the bar higher in our mission to create a safer and friendlier digital world where companies and people can interact without fear."
"Being recognized on the Deloitte Technology Fast 500™ list is validation of our team's hard work and passion for building a new paradigm for identity authentication – one that allows enterprises to protect their users while also delivering the best possible user experience," said Tom FitzSimmons, Payfone's Chief Financial Officer. "Our significant revenue growth is strong evidence that our patented next-generation technology is providing value for our clients and their users."
For more than 20 years, Deloitte has recognized the fastest growing public and private technology companies in North America. The 2017 Technology Fast 500 Companies were judged based on revenue growth from 2013 to 2016, with median growth of 378 percent.
About Payfone | Delight users. Defeat hackers.
Payfone is the leader in mobile and digital identity authentication for the connected world. We are trusted by the world's largest banks, insurers, brokerages and technology companies to instantly authenticate new user account openings, mobile and web logins, text and chat sessions, and inbound and outbound call center calls. It's all done through our patented platform, which dynamically analyzes millions of digital signals against multiple authentication factors to generate our proprietary Trust Score for each mobile identity—the only measure of mobile and digital trust of its kind on the market today. Learn more at www.payfone.com.
About Deloitte's 2017 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 2013 to 2016.
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.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.