Coconut Software Awarded Win in 2023 Technology Fast 50™
Saskatchewan, November 8, 2023 — Coconut Software today received recognition as part of the 2023 Technology Fast 50TM awards program for its rapid revenue growth, entrepreneurial spirit, and bold innovation. This win comes on the heels of a Fast 500 win in 2022, and a spot on Companies to Watch list as well as a Fast 50 win in 2021.
Celebrating its 26th anniversary, the Fast 50 program recognizes technology companies based on the highest revenue-growth percentage over the past four years. Coconut Software ranks 41st with a 411% in revenue growth from 2019 to 2022. Of all 50 winners, Coconut is the only Saskatoon-based company.
The Technology Fast 50 program winners consist of public and private companies in the technology sector that are transforming the industry. The program runs alongside the broader North American Technology Fast 500TM, with winners automatically eligible for this elite ranking.
Coconut Software’s CEO and Founder Katherine Regnier, credits the company’s 411% revenue growth to her team’s sheer focus and execution. Katherine said,”Coconut is here to make it effortless for customers to connect with their financial institution, and easy for staff to deliver exceptional experiences. We’re very fortunate to work with banks and credit unions across North America to help them attract more customers, sell more products and improve long term loyalty.”
Overall, the 2023 Technology Fast 500 companies achieved revenue growth ranging from 201% to 222,189% over the three-year time frame from 2019 to 2022, with an average growth rate of 1,934% and a median growth rate of 497%.
To qualify for the Technology Fast 50 ranking, companies must have been in business for at least four years, have a minimum revenue of $50,000 in 2019 and $5 million in 2022, be headquartered in Canada, own proprietary technology, conduct research, and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.
About Coconut Software
Coconut Software makes it effortless for customers to connect with their bank or credit union. Founded in 2011, our appointment scheduling, queue management, and video banking solutions are used by leading financial institutions across North America, including RBC, Arvest Bank, Vancity, and Rogue Credit Union. Organizations that use Coconut benefit from a seamless customer experience that improves NPS, reduces wait times, and increases conversion rates. For more information, please visit coconutsoftware.com.
About the Technology Fast 50TM program
The Technology Fast 50 program is Canada’s preeminent technology awards program. Celebrating its 26th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise—Industry leaders, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2023 program sponsors include Deloitte, RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For further information, visit www.fast50.ca.