Forward Announces Ranking on Deloitte Tech Fast 500

November 18, 2020 | Company News

Nov. 18, 2020 — Forward Financing, a leader in alternative small business financing, announced today that it has been named on Deloitte’s Technology Fast 500™. The annual ranking of the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech and energy tech sectors is now in its 26th year.

The Technology Fast 500 awardees are selected based on percentage fiscal year revenue growth from 2016 to 2019. With a 3-year revenue growth rate of 320%, Forward Financing claimed #317 on the prestigious list.

“I would like to thank Deloitte for recognizing Forward Financing as one of the national leaders in technology and innovation,” says Justin Bakes, Co-Founder and CEO of Forward Financing. “We overcame many obstacles this year because of our commitment to the basics: hiring great people and investing in technology and data that will help our small business customers have the best experience possible. Thank you to our hardworking team and dedicated colleagues and partners who have helped Main Street businesses access the capital they need to grow.”

Forward Financing has been named on several lists this year, including Boston Business Journal’s Fast 50 and the Inc. 5000, representing the fastest-growing private companies in Massachusetts and the U.S., respectively.

“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”

“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend our congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”

For additional details on the Technology Fast 500, including the complete list and qualifying criteria, visit www.fast500.com.

About Forward Financing

Forward Financing is a Boston-based financial technology company that provides fast, flexible working capital to small businesses nationwide. Our dedicated account representatives and advanced proprietary technology help our customers spend less time finding capital and more time growing their business. With a simple, secure online application, business owners can trust Forward Financing for approvals within minutes, funding within hours, and personalized support when they need it most.

Since 2012, Forward Financing has expanded Main Street’s access to credit by providing over $750 million in funding to more than 23,000 small businesses. The company is A+ rated by the Better Business Bureau and consistently receives top ratings across all major customer review platforms. Forward Financing has been named by both Inc. Magazine and the Boston Business Journal as one of Massachusetts’ fastest-growing companies each year since 2017. Forward Financing is committed to helping more small business owners succeed and achieve their full potential. To learn more, visit www.forwardfinancing.com.

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 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today’s marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. 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. Now celebrating 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s more than 330,000 people worldwide connect for impact at www.deloitte.com.