Every year Deloitte announces the fastest growing companies in New Zealand through its Fast 50 index.
Deloitte’s Fast 50 index ranks businesses according to their rapid revenue growth for the past three years and sets the benchmark for high growth in the country.
“This year we’ve seen a number of organisations catapult to the top of the Fast 50 index, as well as the highest growth percentage we’ve ever seen,” says Bill Hale, Deloitte Private partner.
“It’s clear that some organisations have continued to thrive despite some tough economic times in recent years and have shown that what would have once been though impossible, is indeed possible.”
Hale adds that this year Deloitte has seen an incredible mix of industries from retail, technology, industrial products and construction and food and beverage.
“However, despite the success of all organisations featured this year, there remains a number of economic challenges still in play and we heard throughout the interview process that being able to attract and retain talent remains the number one concern for these organisations to ensure continued growth,” he says.
For 2022, Auckland-based game design, development and publishing studio Legend Story Studios Trading takes the number one spot with a revenue growth of 6416 percent over the past three years.
Following Legend Story Studios is educational platform company Kami, who previously came first in 2021 with a 1137 percent revenue growth.
Hengjie Wang, CEO and Co-founder of Kami says they are “thrilled” to be recognised as the fastest growing tech business and exporter in New Zealand for the second year in a row, which is the first for a Kiwi business.
Read more: Kami named one of the most influential companies in the world
“It’s been extraordinary to see our growth continue exponentially beyond the pandemic, which is a true credit to the immense effort our passionate team has put in and a testament to the community that supports us,” he says.
“It’s humbling to be named alongside Kiwi companies that are making waves both on the world stage and locally and an absolute honour.”
Wealth development platform Sharesies comes in third with a revenue growth of 1001 percent.
“It’s surreal to think that only four years ago we were awarded the ‘Ones to Watch’ by Deloitte, placing second in the ‘Rising Star’ category for 2018. We’re stoked to have been named in the top three of this year’s Deloitte Fast 50 Index and want to thank everyone that has supported Sharesies’ journey,” says Brooke Roberts, Co-founder and 3EO of Sharesies.
“Whether it has been directly in our team, a fellow investor, as well as those in the wider community who are helping to share knowledge and create interest in financial literacy amongst our tamariki. We are just getting started and this recognition adds such fuel to our fire to help create the most financially empowered generation.”
Alongside Legend Story Studios Trading, Kami and Sharesies, other companies such as recruitment company Hirestaff and Pals round out the top five in Deloitte’s Fast 50 index.
“The Deloitte Fast 50 is a celebration of fast-growing Kiwi businesses right across the country, of all shapes and sizes. And once again, has showcased the innovators and entrepreneurs of New Zealand business who have, against the odds, adapted to thrive in the current market,” says Hale.
