Pictured: Cashrewards CEO and Founder, Andrew Clarke
Cashrewards has been named the fastest growing technology company in Australia, taking out the Deloitte Tech Fast 50. Thanks to the incredible support of our members, our community has grown at a staggering 12,469% pace over the past three years, the best result since 2004 and the second highest result since the awards began in 2001.
Now in its sixteenth year, Deloitte’s award ranks fast growing tech companies based on percentage growth in revenue over a three year period. Companies must accumulate over $8 million in revenue over this three year period to qualify.
22 November 2016: More than a third (38%) of the 2016 Deloitte Tech Fast 50 winners are online businesses, which notably include marketplaces and business models in the financial services and health sector, according to Stuart Johnston, Technology, Media and Telecommunications leader Deloitte Australia.
Joshua Tanchel, Deloitte Tech Fast 50 lead partner, said, I am delighted to announce that the overall 2016 Deloitte TechFast 50 winner is Cashrewards, the fastest growing online shopping community in Australia. The site offers their 150,000 members access to retailers online stores through the Cashrewards website and then returns a percentage of the purchase price to the customer in the form of a cashback.
Offering our members cash back on their online purchases at over 1,500 stores, over 1% ($210m) of all Australian e-commerce spend now starts with Cashrewards. We have already paid our community of 220,000 members over $13 million and we hope to grow this community to over 2 million by 2018; a surge in growth which will enable us to put, even more, money in the back pockets of Australians.
During his acceptance speech, our CEO and founder Andrew Clarke said the Cashrewards business is made possible because of technology and this technology is enabling people to put extra cash into their pockets without any extra effort, simply by shopping online.
This great news has been picked up by publications across the country.
Startup Daily declared Cashrewards ‘Top Dog’, noting our record-smashing growth rate. Read more here.
Internet Retailing stated “Cashrewards has swept away the nearest competition,” read full article here.
Appliance Retailer reported on the awards and hinted that it will be even easier for you to save money now using our Cashrewards Google Chrome Notifier, another indicator of our growth. Read the article here.