Bench attributes 4,373 percent revenue growth to human-powered automation.
Bench announced today that for the second consecutive year, it has ranked among the top 30 fastest growing technology companies in North America. Bench placed 7th on the Deloitte Fast 50™ for Canada, and 28th on the Technology Fast 500™ list for North America.
The Deloitte lists honor technology companies with the highest four-year revenue growth—Bench saw 4,373% revenue growth over this period. Bench CEO Ian Crosby attributes the growth to Bench’s unique approach to people-powered automation.
“Bench is a team of 300 people solving a long-standing, universal pain point for business owners: bookkeeping. Whether it’s the people who work here or use our product, people are everything at Bench and that’s really the key to how we’ve been able to grow so fast,” says Crosby.
“Our goal is to make understanding finances simple, effortless, and affordable for everyone. Automation allows us to do just that. It empowers our bookkeepers to be more efficient in their work, which allows us to create the most affordable service possible.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
About the Deloitte Technology Fast 50™
The Deloitte Technology Fast 50 program is Canada’s preeminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies with the potential to be a future Deloitte Technology Fast 50 candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, Aequitas NEO Exchange, Bank of Montreal, Bennett Jones, CBRE, OMERS Ventures and Wellington Financial. For further information, visit www.fast50.ca.
About Deloitte’s 2018 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 2014 to 2017. 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.
Bench is North America’s largest bookkeeping service. Bench aims to eliminate a universal pain point for entrepreneurs by making bookkeeping simple, effortless, and affordable. By pairing intuitive software with a team of dedicated bookkeepers, Bench gives small businesses affordable access to quality financial insights.
Since launching out of Techstars NYC in 2012, Bench has raised $53 million in funding to date and for the past two years has been among the top 30 fastest growing technology companies in North America, according to Deloitte.
Bench employs over 300 brilliant humans (and a few dogs) at its HQ in Vancouver, BC, who support thousands of businesses across North America.