SmartFinancial Ranked Number 464 Fastest Growing Company in North America on Deloitte’s 2019 Technology Fast 500™

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Attributes 187% Revenue Growth to its growing insurance marketplace and its proprietary technology platform that makes insurance comparison shopping process more efficient.

SmartFinancial today announced it ranked 464 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 25th year. SmartFinancial grew 187% during this period.

SmartFinancial’s chief executive officer, Lev Barinskiy, credits SmartFinancial’s innovative team and rapidly growing insurance technology landscape with the company’s 187% revenue growth. He said, "being recognized by Deloitte is a humbling and an exciting milestone on our journey to becoming the leading insurance marketplace."

“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”

“As technology innovation trends towards ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “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. 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.”

This is the second consecutive year that SmartFinancial (Contactability) has ranked as a Technology Fast 500™ award winner.

Overall, 2019 Technology Fast 500™ companies achieved revenue growth ranging from 166 percent to 37,458 percent from 2015 to 2018, with median growth of 439 percent.

About Deloitte’s 2019 Technology Fast 500™

Now in its 25th year, 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 2015 to 2018.

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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About SmartFinancial

SmartFinancial's mission is to provide consumers clarity and savings with its insightful data and intelligent carrier-matching process. The company provides a similar resource for insurance partners as they adopt the new technology platform to reach these consumers. SmartFinancial operates an innovative real-time marketplace that gives insurance clients the ability to acquire insurance customers, optimize marketing campaigns and maximize ROI.

About Deloitte

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 http://www.deloitte.com/about to learn more about our global network of member firms.

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Fran Majidi
SmartFinancial
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