VANCOUVER, British Columbia, November 7, 2024 — Aquanow, a global crypto liquidity and infrastructure provider trusted by 300+ institutional clients, has today been recognized as part of Deloitte’s 2024 Technology Fast 50™ awards program. This is the second consecutive year that Aquanow has ranked on Deloitte’s list of 50 fastest-growing technology companies in Canada.
The program recognizes the fastest-growing technology companies based on revenue growth percentage over the past four years. Aquanow achieved a four-year revenue growth rate between 2020 and 2023 of 3,022%, ranking the company 8th on the list of 50 fastest-growing companies.
“We are incredibly proud to be publicly recognized as one of the fastest growing Canadian companies by the Deloitte Technology Fast 50 list for a second year in a row,” said Phil Sham, co-founder and CEO of Aquanow. “This recognition is a reflection of the dedication and hard work of our team, as well as the value that we’re helping financial institutions unlock.”
"These exceptional Technology Fast 50 winners epitomize the spirit of innovation and entrepreneurial excellence in Canada's technology sector," expressed Anders McKenzie, the National Technology Fast 50 program leader at Deloitte Canada. "By demonstrating remarkable growth rates and showcasing their ability to adapt and thrive in a rapidly evolving market, these companies have distinguished themselves as leaders in their respective fields. Their success not only reflects their own ingenuity and dedication but also contributes to the overall growth and competitiveness of Canada's technology ecosystem. We are proud to celebrate their achievements and recognize them as the driving force behind the country's technological advancement and economic prosperity."
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have a minimum revenue of $50,000 in 2020 and $5 million in 2023, be headquartered in Canada, own proprietary technology, and invest a minimum of 5% of gross revenues in R&D activities that are conducted in Canada.
About Aquanow
Aquanow is a leading digital assets infrastructure provider enabling crypto financial services for institutional clients. The company’s suite of products includes Trade, Pay, Send, and Hold. Each month, the company facilitates billions of dollars of trade volume. Aquanow serves an international customer base that includes the world’s fastest-growing banks, neobanks, brokerages, payment companies, and enterprises. Founded in 2018, the company is led by co-founders Phil Sham (CEO) and Andy Leung (CTO), both with significant capital markets experience. Headquartered in Vancouver, Aquanow currently has 100+ team members. To learn more about Aquanow, please go to:
Website: https://www.aquanow.com
LinkedIn: https://www.linkedin.com/company/aquanow
About the Deloitte Technology Fast 50 program
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50, Enterprise—Industry Leaders, Clean Technology, and Companies-to-Watch. The program also recognizes thriving technology companies in the United States and Canada in partnership with the North American Technology Fast 500 program. Program sponsors for 2024 include RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For more information, visit www.fast50.ca.
Media Contact
Chris DeLuca
chris@aquanow.com
