SmartFinancial Wins Spot in Deloitte's 2019 Technology Fast 500

Fran Majidi
November 11, 2019
SmartFinancial Deloitte Fast 500

On November 7th, Deloitte celebrated the 25th anniversary as well as the release of its North America Technology Fast 500 ranking, which showcases the fastest-growing companies in the technology, media, telecommunications, life sciences, and energy sectors. “It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in,” said Sandra Shirai, vice chairman, Deloitte LLP and US technology, media, and telecommunications leader.

SmartFinancial claimed the 464th spot this year, in a contest that was dominated by software companies. SmartFinancial attributes its 187% revenue growth to its growing insurance marketplace and its proprietary technology platform that makes the insurance comparison shopping process more efficient.

The Deloitte Technology Fast 500 is known as the most objective ranking system. It was created to recognize the fastest-growing technology companies in North America, companies that define the cutting edge and change the way America does business. Not only are technological innovations taken into consideration but so are entrepreneurship, rapid growth, and disruption in the technology industry. Winners of the Technology Fast 500 are selected based on percentage fiscal-year revenue growth over a three-year period. SmartFinancial has won two years in a row, 2018 and 2019!

"Being recognized by Deloitte is a humbling and exciting milestone on our journey to becoming the leading insurance marketplace," said Lev Barinskiy, CEO of SmartFinancial. The company serves customers by offering a real-time quoting process, which is the most efficient way to comparison shop insurance online. SmartFinancial also serves insurance agents and insurance carriers across the country with high-intent, customer-initiated leads and live-transfer calls.

Mohana Dissanayake, partner, Deloitte & Touche LLP, an industry leader for technology, media, and telecommunications, noted a trend “towards ‘everything as a service” in this year’s ranking. “What’s exciting about celebrating 25 years of the Tech Fast 500 is we now have a quarter-century of innovation stories to draw and reflect upon,” he said. “These are the companies that push boundaries, help organizations become more efficient and productive, and ultimately enable businesses to drive growth and revenue. We congratulate all the well-deserving winners.”