Mistplay Ranked Number 4 Fastest-Growing Company in Canada, 16th Fastest Growing in North America on Deloitte’s 2020 Technology Fast 50™ and Fast 500™
Mistplay is presented the Deloitte Technology Fast 50™ and Fast 500™ program awards for its rapid revenue growth, entrepreneurial spirit and bold innovation. The Fast 50™program recognizes Canada’s 50 fastest-growing technology companies with the highest revenue-growth percentage over the past four years, while the Fast 500™program measures the same metrics across 500 North American technology companies. Mistplay ranks 4 on the Fast 50™ and 16 on the Fast 500™ with a 11,503 percent in revenue growth from 2016 to 2019.
Mistplay empowers millions of people to earn loyalty rewards by playing mobile games through its Android app. The platform has attracted some of the largest mobile game developers including Playtika, Scopely, Netmarble, Peak and King.
The Deloitte Technology Fast 50 program winners consist of public and private companies in the technology sector, which have transformed the industry. Now in its 23rd year, the program runs alongside the broader Deloitte North American Technology Fast 500™, with winners automatically eligible for this elite ranking.
Mistplay’s CEO Henri Machalani, credits their advanced machine learning and continuous user engagement model with the company’s 11,503 percent revenue growth. Machalani said, “We’re using AI targeting to introduce users to the games they’re most likely to enjoy, while continuously rewarding them for playing. It has created a unique platform that delivers value to both gamers and game developers, and we’re really excited to see how fast it’s growing.”
“This year’s Fast 50 winners should be especially proud of this designation, as their role in the fabric of Canadian business—particularly during these turbulent times—is crucial,” said Erica Pretorius, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Their bold vision and true commitment to innovation allow them to not only improve today’s world, but also shape tomorrow’s, despite the constant uncertainty. This year’s winners are proving themselves resilient, innovative and adaptable, all in an unpredictable year defined by economic instability and the continuing public health crisis.”
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have revenues of at least $5 million, be headquartered in Canada, own proprietary technology, conduct research and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.