Business wire
The Earned Wage Access provider attributes its 1,451% revenue growth to its North American expansion and focus on meeting small business needs
ZayZoon Recognized as one of the Fastest Growing Companies in North America on Deloitte's Fast 500™ for Second Consecutive Year
PR Contact: Rachel Goodwill, Walker Sands for ZayZoon, 262-352-4749, rachel.goodwill@walkersands.com
ZayZoon, the leader in Earned Wage Access (EWA) solutions for small and medium-sized businesses, today announced it ranked 90th on the Deloitte Technology Fast 500™. ZayZoon’s remarkable 1,451% growth is a testament to its drive for innovation, providing employees with the essential tools to improve their financial health.
Today’s economic climate is straining employee finances, with nearly three in four employees most concerned about covering necessities like food, rent, and bills. When that financial anxiety begins to affect the workplace, financial wellness tools like embedded EWA become indispensable resources for employers and employees alike.
“This recognition highlights our strong momentum and growth. From the capital we raised in partnership with Framework Partners, EDC, Viola Fintech and Intuit Ventures in late 2023, to our expansion into Canada earlier this year – we’re that much closer to our goal of saving 10 million employees 10 billion dollars,” said Jamie Ha, CFO and Co-Founder of ZayZoon. “While wages remain stagnant and the cost of living rises, we remain committed to empowering employees with tools that help their paychecks go further and improve their financial health in the long term.”
Earlier this month, ZayZoon was also recognized in Deloitte’s Canadian Technology Fast 50™ for the second consecutive year, ranking 14th on the list.
“For 30 years we’ve been celebrating companies that are actively driving innovation. The software industry continues to be a beacon of growth, and the fintech industry made a strong showing on this year’s list, surpassing life sciences for the first time,” said Steve Fineberg, vice chair, U.S. technology sector leader, Deloitte. “Significantly, we also saw a breakthrough in performance of private companies, with the highest number of private companies named to the list in our program’s history. This year’s winners have shown they have the vision and expertise to continue to perform at a high level, and that deserves to be celebrated.”
“Innovation, transformation and disruption of the status quo are at the forefront for this year’s Technology Fast 500 list, and there’s no better way to celebrate 30 years of program history,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media, and telecommunications within Deloitte’s Audit & Assurance practice. “This year’s winning companies have demonstrated a continuous commitment to growth and remarkable consistency in driving forward progress. We extend our congratulations to all of this year’s winners — it’s an incredible time for innovation.”
About ZayZoon:
With ZayZoon, payday finally comes with the push of a button. Employees can use ZayZoon to get paid part of their earned wages when they need it. The platform also offers educational resources and tools to help workers break the paycheck-to-paycheck cycle. And it works. 89% of employees who use ZayZoon report less financial stress and employers who offer ZayZoon boast a 29% reduction in turnover. To learn more, visit ZayZoon at: https://www.zayzoon.com
About the 2024 Deloitte Technology Fast 500™
Now in its 30th 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 2020 to 2023. 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 Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.
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“While wages remain stagnant and the cost of living rises, we remain committed to empowering employees with tools that help their paychecks go further and improve their financial health in the long term," said Jamie Ha, CFO and Co-Founder of ZayZoon.
