NEW YORK, November 17, 2021 – Prove, the modern way for businesses to enable their customers to prove their identities with just a phone, today announced it has been named to Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America, for the fifth year in a row. Prove achieved an explosive 671% growth in revenue between 2017 and 2020 and is one of only 29 companies on the 2021 list to have made the list five times or more.
Prove’s CEO, Rodger Desai, believes that the adoption of phone-centric identity solutions has increased exponentially in recent years. He also credits the changes in consumer behavior spurred by the COVID-19 pandemic as one of the drivers behind the company’s continued strong momentum and growth. "Consumer adoption of digital channels skyrocketed during the pandemic, and as a result, businesses are relying on Prove to enable consumer experiences that are both secure and frictionless; we only see continued rapid growth in our businesses for years to come,” said Desai. “Mobile-first is the new normal, and the race for consumer hearts and minds is at stake, and this is playing out on a global basis. Prove's phone-centric identity continues to help companies of all sizes achieve these goals. We look forward to what's to come.”
Prove is a leading provider of digital consumer identity verification and authentication solutions for businesses. The company’s phone-centric identity solutions enable banks, financial services, healthcare, insurance, and retailers to acquire new consumers or engage with existing customers while mitigating fraud and enhancing consumer data privacy and choice. More than 1000 businesses rely on Prove to provide highly personalized, frictionless, and secure digital experiences for their consumers.
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, 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 2017 to 2020.
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. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Prove is the modern way for businesses to enable their customers to prove their identities with just a phone. We offer phone-centric solutions that enable our customers to acquire new consumers and engage with their existing consumers by removing friction while bolstering security and enhancing consumer privacy and consumer choice. Our solutions are used by more than 1,000 businesses across diversified industries, including banks, financial services, healthcare, insurance, and e-commerce. For the latest updates from Prove, follow us on LinkedIn.
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