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2023 Tech Fast 50

Congratulations to this year’s winners

2023 Tech Fast 50 Winners

The Tech Fast 50 companies have not only defied the odds in a challenging environment, but their adaptability and resilience are paving the way for new open, collaborative and innovative ways of working, solidifying their position as leaders in the tech industry.

Let’s take a look at the cream of this year’s Tech Fast crop.

Tech Fast 50 winners

  1. Montu 9,616%
  2. pay.com.au 5,063%
  3. Activeport 4,572%

Leadership & Enterprise Growth winner

Tech Female Leader winner

Rising Star top three

  1. Updoc 15,924%
  2. Midnight Health 8,376%
  3. Salt & Lime 3,064%

Climate and Sustainability winner

Australian State Champions

VIC: Montu 9,616%

NSW: Activeport 4,572%

ACT: MF & Associates 567%

SA: OurMoneyMarket 517%

QLD: Claxon 474%

WA: Tape Ark 327%

 

Get involved

 

 

About Tech Fast 50

 

For more than two decades, Deloitte’s Tech Fast 50 Australia has been one of the longest-standing tech award programs and has celebrated the country’s fastest-growing tech companies – the startups that have scaled up – with many going on to become local and global powerhouses.

Winners aren’t decided by popularity, judging panels or peers: it’s all down to data. Every year, the Tech Fast 50 team discover the top 50 nominees by revenue growth over three years, with the top performer crowned our overall winner. 

We also recognise companies in five additional award categories: Leadership and Enterprise Growth Company of the Year (new in 2023), Tech Female^ Leader of the Year, Climate & Sustainability, Australian State Champions (new in 2023), and Rising Star.

Select finalists will be considered for a tailored session with Deloitte and our sponsors to identify opportunities for continued growth and scale. 

All top 50 companies get national media exposure and exclusive networking opportunities with other high-performing technology companies, investors, and industry experts at our workshops and gala event. They will also be recognised as one of Australia's most successful technology innovators, joining the ranks of Tech Fast 50 alumni from leading tech software companies to Australian companies leading the way with ClimateTech including Afterpay, Atlassian, Zip, EVSE, Cettire, ModiBodi, Domino’s Pizza, Menulog, RSVP, Seek, JS Health, Prospa, NEXTDC and Vinomofo.

 

 

Why should you nominate your company?

2023 Award categories & ​nomination criteria

Recognising the 50 fastest-growing technology companies, by tech-based revenue growth rate over a period of 3 years, the Tech Fast 50 is all about the numbers. 

To qualify, your company must:

1. Be considered a technology company*

*A technology company is defined as one or more of the following:

  • Owns proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues;
  • Manufactures a technology-related product;
  • Devotes a significant proportion of operating revenues to research and development of technology;
  • Is technology-intensive or uses its own unique technology to solve problems.

2. Be Australian-owned and headquartered in Australia; subsidiaries or divisions of overseas companies are ineligible (unless they have some Australian public ownership and trade separately).

3. Have tech-based primary operating revenues of at least $50,000 in the first financial reporting year (for the FY2023 Tech Fast 50, this is FY2021 operating revenue).

4. Have been in business for a minimum of three financial years, with a cumulative tech-based operating revenue of at least $8 million over the past 3 financial years. For example, a technology company will qualify in 2023 if its revenue for the year ended June 2021 was $105,000 and its year-end revenue for June 2022 and June 2023 were $2.5 million and $5.5 million, respectively.

Where accounts are not audited, a cover letter must be provided. This cover letter should be on company-headed paper, signed by a director of the company, stating and confirming the revenue figure per the accounts. Where only abbreviated accounts are available (with no profit and loss statement shown), please provide alternative financial information supporting the revenue figure presented, for example, management accounts used by the company, along with the cover letter described above.

Note: $ = AUD

If you have any questions about the nomination process or the required documentation, please contact us at technologyfast50@deloitte.com.au

Download the winners’ report

Register interest in the 2024 program

Recognising the technology company that demonstrates excellence in the areas of leadership through innovation, diversity and inclusion, scalability, industry recognition and/or social impact, the Leadership and Enterprise Growth Company of the Year looks to recognise companies recently listed as Enterprises or fast on track to be an Enterprise. 

To qualify, the technology company must:

1. Be considered a technology company*

*A technology company is defined as one or more of the following:

  • Owns proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues;
  • Manufactures a technology-related product;
  • Devotes a significant proportion of operating revenues to research and development of technology;
  • Is technology-intensive or uses its own unique technology to solve problems.

2. Be Australian-owned and headquartered in Australia; subsidiaries or divisions of overseas companies are ineligible (unless they have some Australian public ownership and trade separately).

3. Have tech-based primary operating revenues of at least $50 million in the last financial reporting year (for the FY2023 awards, this is FY2023 operating revenue).

4. Be able to demonstrate how they are leading the way for the technology industry in one or more of the following areas:

  • Have had a tangible impact on technological innovation, such as being recognised by an industry award in the past 3 years.
  • Demonstrate that their technology innovation has or can be scalable on a global front, representing Australia as leading the way for the technology sector globally.
  • Are contributing to the future of work for technology in Australia, by employing world-class programs and business models that positively impact the workforce, workplace, and work and investment in technology capabilities.
  • Implementation of policies around diversity, equity, and inclusion in the workplace.
  • Exhibit leadership in positive socioeconomic outcomes in relation to technology.

Note: $ = AUD

If you have any questions about the nomination process or the required documentation, please contact us at technologyfast50@deloitte.com.au

Download the winners’ report

Register interest in the 2024 program

Recognises inspiring female^ leaders making a positive impact on the broader technology sector and to up-and-coming female leaders in the Tech space. 

To qualify, the Female^ Leader has to be part of a *technology company that also meets the below criteria:

1. Meet all the criteria for the Tech Fast 50 award category.

2. Be led by a female CEO or have a founding team of at least 50% females.

3. Demonstrate in the way of descriptive written evidence of positive impact on the technology industry in 1 or more of the following areas:

  • Promoting female leadership within the industry.
  • Representing as a female leader on 1 or more industry board(s).
  • Evidence showcasing female talent development programs within their organisation.
  • Driving a positive impact in the technology sector to promote gender equity talent/skills and opportunities.
  • Other areas not mentioned above to demonstrate impact. 

^The terms ‘women’ and ‘female’ are taken to include all those who self-identify as women or female and engage with their current employers as such. 

If you have any questions about the nomination process or the required documentation, please contact us at technologyfast50@deloitte.com.au

Download the winners’ report

Register interest in the 2024 program

Recognises technology companies for their commitment to positive climate action, sustainability, and their contribution to Australia's journey to net-zero.

For this award, companies must:

1. Meet all the criteria for the Tech Fast 50 award category.

2. Demonstrate in the way of descriptive written evidence on how they are leading in the way for the technology industry in 1 or more of the following areas:

  • Produce technology to support emission reductions* for your customers and can provide data to evidence these reductions and/or other climate tech solutions that enable organisations to tackle climate challenges and support a nature-positive agenda.
  • Manufacture technology-related products that support emission reductions for your customers and can provide data to evidence these reductions and/or other climate tech solutions that enable organisations to tackle climate challenges and support a nature-positive agenda.
  • Provide evidence of integration of climate and sustainability goals into their organisational purpose and strategy such as: climate led transformation agenda on energy and resource use; implementation of sustainable practices in product and service design; and in business operations by reducing waste and carbon emissions in the workplace; and motivating workforce to participate.
  • Act collectively with industry/other organisations/government agencies/NGO’s/academic institutions to drive positive climate change.
  • Other examples to demonstrate ways of leading the tech industry in terms of climate and sustainability. 

3. *Be reducing its own emissions (with a target plan to net-zero) and can provide data to support these reductions.

*Must use a methodology consistent with the GHG Protocol

If you have any questions about the nomination process or the required documentation, please contact us at technologyfast50@deloitte.com.au

Download the winners’ report

Register interest in the 2024 program

Recognises the innovation and achievements of Australian tech companies who are leading the way but have not been in operation for three years and therefore do not qualify to enter the Tech Fast 50 awards. The Rising Stars are to be watched closely, as they will lead the tech space over the next few years in Australia, with the most innovative tech solutions. 

To qualify, the technology company must:

1. Be considered a technology company*

*A technology company is defined as one or more of the following:

  • Owns proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues;
  • Manufactures a technology-related product;
  • Devotes a significant proportion of operating revenues to research and development of technology;
  • Is technology-intensive or uses its own unique technology to solve problems.

2. Be Australian-owned and headquartered in Australia; subsidiaries or divisions of overseas companies are ineligible (unless they have some Australian public ownership and trade separately).

3. The Rising Star award considers applicants who have under three years' worth of verified financial data and do not meet the $8 million revenue threshold. To qualify for this category, companies need at least two years of trading history (one full year and one part-year) and operating revenue of at least $50,000 in the first full or part year.

4. Demonstrate a minimum of 300% revenue growth in duration of operations.

Note: $ = AUD

If you have any questions about the nomination process or the required documentation, please contact us at technologyfast50@deloitte.com.au

Download the winners’ report

Register interest in the 2024 program

New to the 2023 Tech Fast 50 program, the Australian State Champion awards, recognise the fastest-growing technology company for each of the states and territories in Australia (VIC, NSW, QLD, ACT, WA, NT, SA, TAS). The winners for each of the states will be determined from the final Tech Fast 50 list. 

To be eligible, your company must:

  • Meet the criteria for the Tech Fast 50.
  • To be listed in the Tech Fast 50 winners list, the company with the highest revenue growth rate per state and territory will be named the winner.
  • The company’s headquartered entered state in the nomination process will be used to determine the state-based ranking.

If you have any questions about the nomination process or the required documentation, please contact us at technologyfast50@deloitte.com.au

Download the winners’ report

Register interest in the 2024 program

Nomination Information

Nominations for the 2023 program have closed. 

For the 2023 Tech Fast 50 Program, we had six award categories that you could qualify and nominate for, as per the ‘2023 Award Categories’ section. 

To prepare for nominations opening, we recommended preparing the following information prior to starting the nomination form:

  • Company details you are nominating for the awards (name, address, ABN, contact details)
  • CEO and founders’ details
  • A brief description of the company and its proprietary technology (maximum of 300 words)
  • Company logo in high resolution, PNG format (To be used in winner’s announcement)
  • Financial information and PDF copies of information.
    • For those companies with calendar year-ends 2020-2023, and those with financial year-ends FY2021-FY2023. Where accounts are not audited, a cover letter must be provided.
    • This cover letter should be on company-headed paper, signed by a director of the company, stating and confirming the revenue figure per the accounts. Where only abbreviated accounts are available (with no profit and loss statement shown), please provide alternative financial information supporting the revenue figure presented, for example, management accounts used by the company, along with the cover letter described above.
  • For those applying for the Climate & Sustainability award and the Tech Female Leader award, please see the nomination criteria on additional submission topics to qualify, including various descriptions required. 

Note: Deloitte does not audit the nominations and your financial information is kept strictly confidential and not published. Only the company name and three-year growth rate in percentage are published if the company is a winner of a Tech Fast 50 Program award.

If you have any questions about the nomination process or the required documentation, please contact us at technologyfast50@deloitte.com.au

Download the winners’ report

Register interest in the 2024 program

Nominations for the 2023 program have closed, see below dates for 2023 as reference only.
 
  • 1 August 2023 – 1 October 2023: Nominations Open
  • Mid-October 2023: Shortlisted and unsuccessful companies notified
  • 16 November, morning to lunch, Sydney CBD, NSW: Networking morning session with lunch, for all shortlisted companies
  • 16 November, evening, The Jackson, Sydney, NSW: Awards evening where shortlisted candidates will find out the winners of the 2023 Tech Fast 50 award and other 5 award categories.
  • 17 November: Award winners publicly announced through a media release and Deloitte webpage

If you have any questions about the nomination process or the required documentation, please contact us at technologyfast50@deloitte.com.au

Download the winners’ report

Register interest in the 2024 program

Tech Fast 50 Past Winners and FAQs

On behalf of Deloitte and our sponsors, ASX, Atlassian, DLA Piper, Morgans and Workday, we would like to congratulate the winners of the 2023 Tech Fast 50 awards. Download our Tech Fast 50 2023 winners' report, and read the media release.

Tech Fast 50 winners

  1. Montu 9,616%
  2. pay.com.au 5,063%
  3. Activeport 4,572%

Leadership & Enterprise Growth winner

Tech Female Leader winner

Rising Star top three

Climate and Sustainability winner

Australian State Champions

VIC: Montu 9,616%

NSW: Activeport 4,572%

ACT: MF & Associates 567%

SA: OurMoneyMarket 517%

QLD: Claxon 474%

WA: Tape Ark 327% 

Past Tech Fast 50 winners and reports

What is the Tech Fast 50?

Deloitte’s Tech Fast 50 is a program that ranks fast-growing technology companies – public or private – based on percentage revenue growth over the past three years. Nominees qualify firstly as a technology Australian-owned and headquartered, with several awards being offered in 2023. Read the ‘awards categories’ section on the Tech Fast 50 webpage to find out more. 

How are Tech Fast 50 winners chosen?

Eligible nominated companies are ranked based on percentage revenue growth over the past three years. Deloitte verifies the submitted data against the company's operating revenues as disclosed in their submitted financial statements, which are provided during the nomination process. Deloitte does not audit nor analyse the companies' financial standings. For each of the awards, there are several additional criteria to qualify.

How do companies qualify for each of the Tech Fast 50 award categories?

To be eligible for each of the Tech Fast 50 awards, your company must meet certain criteria based on the award you are submitting a nomination for. Explore the criteria for each category, under the ‘awards categories’ and ‘Prepare for your nomination’ section.

Do companies need to be publicly listed to be eligible?

No. Both private and public companies are welcome to enter.

Will the company’s financial information be published publicly?

No, no submitted information besides the overall 3-year growth rate %, company name, company description and company logo provided is published, only if your company is successful and listed as a winner of an award.

Can a company be eligible for both the Tech Fast 50 and the Rising Star award?

No. The Rising Star category is for companies that have been trading for less than three years and therefore do not meet the Tech Fast 50 award criteria.

How much are Tech Fast 50 award nominations?

Nominations are free to submit. 

How do I get tickets for the Tech Fast 50 award event?

Shortlisted candidates are invited to an exclusive awards event on 16 November in Sydney. Award tickets are not available for purchase. 

How many awards can I apply for?

Your company can apply for as many awards as they qualify for. There is no limit to the number of nominations you can submit across the various categories. To view the award categories, you can read more under the ‘Award categories’ section on the webpage. 

How do I nominate for Tech Fast 50?

Submit your nomination through this link now. Please see the ‘award categories’ section for more information on various awards and eligibility criteria. 

Who can I contact if I have any questions about this program?

If you have any questions about the Tech Fast 50 program, nominations process or awards event, please contact us at technologyfast50@deloitte.com.au

How do I nominate for Tech Fast 50?

Nominations for the 2023 Tech Fast 50 awards have now closed, winners will be announced on 17 November 2023. Register to receive the winner’s report. 

For general queries, please email technologyfast50@deloitte.com.au

Download the 2023 Tech Fast 50 winners' report