Australia breaks records in Deloitte's APAC Technology Fast 500

One in five companies in Deloitte's 2020 Asia Pacific Technology Fast 500 list are Australian, with seven home-grown businesses cracking into the top 50 of the list released today.

Now in its 19th year, the Technology Fast 500 ranks companies by percentage fiscal year revenue growth over a three year period. That methodology saw 102 Australian technology companies named in the Top 500.

Chinese companies dominate the Top 10, with smart service provider Terminus named number one on the back of 17,915 per cent revenue growth during the prescribed period.

However, seven Australian operations are in the Top 50, and Aussie rankings hit a record high for the second year in a row.

The top Australian company was Verrency, a fintech developing white labelled products powering card payments for financial services providers. The company saw 2,752 per cent growth during the period assessed by Deloitte.

Other Australian companies in the Top 50 include 2018 Australian Young Entrepreneur finalist Pentanet (a challenger telco) at number 28, and Top 100 Australian Young Entrepreneur-founded Citrus Ad at number 39.

Also in the Top 50 were Australian companies Half Dome, Phoenix Technology and Advisory Services, My Plan Manager, and AutoGuru.

"In Australia, and across the Asia Pacific, and regardless of the sectors in which they operate, the COVID pandemic has really challenged business operators on so many levels," Deloitte Australia Technology Fast 50 leader Josh Tanchel said.

"Yet, those that have made the Asia Pacific Technology Fast 500 have managed to maintain extraordinary growth momentum. The success of China-based businesses should not come as a particular surprise, but the growth achieved by those in the top 10 is quite extraordinary. While down on 2019, average growth rates across the top 10 were 7,621 per cent, and 551 per cent across the top 500.

"Australian companies really held their own, breaking their record of 98 placings in 2019, with recognition achieved by 102 in 2020. For a country of just 25 million to comprise more than 20% of the index is something those 102 should be proud of."

Here's how Australian companies ranked in the Deloitte's Technology Fast 500, and their growth rates:

15. Verrency - 2752%
17. Half Dome  - 2390%
28. Pentanet - 1812%
34. Phoenix Technology and Advisory Services -1676%
36. My Plan Manager - 1621%
39. CitrusAd -1560%
49. AutoGuru -1148%
53. OrCA Technology -1059%
55. Fyrtarn -1034%
63. Modibodi - 929%
65. Brighte Capital - 912%
71. Peter Manettas Seafood - 834%
77. Seer - 734%
79. Mable Technologies - 721%
85. SelfWealth - 668%
87. Home Delivery Services -  653%
89. Envirosuite - 640%
92. Devika Creations - 635%
93. Appetiser - 623%
100. ratescalc.com - 567%
105. Alcidion - 518%
107. Equalution - 517%
108. Prezzee - 509%
115. PainChek  - 487%
118. Humanitix - 475%
122. Reflow Hub - 465%
124. Vection Technologies - 461%
137. Identitii - 407%
146. Sprintlaw - 387%
150. Miss Amara  - 380%
152. Makeup Cartel  - 372%
167. Wisr - 351%
168. Vald - 350%
181. Zeal Digital - 323%
190. Zip Co - 303%
191. CloudWave  - 298%
199. Zuuse - 285%
200. Shippit - 283%
201. Spacetalk - 281%
204. Impressive - 273%
208. Playground XYZ - 269%
211. PropertyShares  - 258%
212. Track'em - 256%
213. Raiz Invest - 254%
217. ServiceM8  - 248%
230. Tablo Publishing - 235%
231. Max Kelsen  - 231%
234. Lexicon Digital - 226%
238. Appen - 221%
244. MyDeal.com.au - 216%
255. Practice Ignition - 206%
262. Slyp -  199%
264. Airtasker  - 197%
278. Sendle - 181%
294. Koh -  175%
301. Lawpath - 170%
304. YEAR 13 - 168%
311. Babyboo Fashion - 165%
312. GetCapital - 165%
315. Plenti Group - 164%
318. Openpay - 163%
322. Employment Hero - 162%
328. Vamp  - 158%
331. Koala - 152%
332. Engage Squared - 150%
334. Luvo Store - 150%
337. MTP Services - 148%
340. King Kong  - 146%
341. Idea 11 - 146%
343. Flora & Fauna - 145%
344. The Market Herald - 145%
351. Elegant Media - 139%
364. Enviro Frontier - 133%
365. Ava Risk Group -133%
372. Adore Beauty -130%
385. IntelligenceBank - 123%
394. Skyfii  -119%
395. Emergence Insurance - 118%
396. TechConnect IT Solutions - 118%
397. Rezdy -118%
399. Carbar Autos - 117%
408. Spirit Telecom - 113%
410. Comscentre - 113%
411. Canstar  - 110%
423. Robotic Systems - 103%
428. Jag Finance & Technology - 102%
429. Trikon Pty Ltd - 102%
433. Man of Many  - 99%
436. MoneyMe Limited - 98%
440. Best Health Solutions -  94%
442. Render Networks - 94%
447. Marque Group Holdings - 93%
448. FWR Brands - 92%
457. Redbubble - 90%
461. Oreta - 90%
464. ELMO Cloud HR & Payroll - 89%
471. Damstra Holdings Limited - 85%
479. Nearmap - 81%
483. Clinic to Cloud - 79%
488. Bizcover - 77%
494. simPRO - 76%
499. Elula - 74%
 

The rankings are compiled from nominations submitted directly to the Technology Fast 500 program, and public company database research. The Technology Fast 500 rankings are selected based on percentage fiscal year revenue growth during the period from 2017 to 2019 (or 2018 to 2020 for a financial year ending between January and June).

Business News Australia