ZayZoon Earns Canadian Technology Fast 50™ for Second Year, Expands Earned Wage Access Across North America

The Earned Wage Access provider is recognized for its rapid growth, entrepreneurial spirit, and bold innovation within Canada

CALGARY, Alberta--(BUSINESS WIRE)--ZayZoon, the leader in Earned Wage Access (EWA) solutions for small and medium-sized businesses, today announced it ranked 14th on the Deloitte Canadian Technology Fast 50™ – up seven spots from its ranking in 2023. The program recognizes Canada’s 50 fastest-growing technology companies based on revenue growth percentage over the past four years. Achieving an impressive 1,451% growth from 2020 to 2023, ZayZoon continues to work towards its mission of saving 10 million employees 10 billion dollars.

ZayZoon’s 2024 State of Financial Wellness report underscores the company’s impact: employers offering embedded EWA see notable reductions in absenteeism and employee turnover, with improved ability to attract top talent. As over 1 in 4 workers live paycheck to paycheck, EWA provides a vital financial lifeline, enabling employees to manage their finances with less stress in today’s economic climate. This year, ZayZoon expanded its solutions to Canada, building on its strong U.S. market presence and underscoring its commitment to supporting the financial well-being of employees across North America.

“When we started ZayZoon, our goal was to empower employees and help their paychecks go further, and that’s still our mission today,” said Darcy Tuer, CEO and Co-Founder of ZayZoon. “This year alone we’ve expanded into Canada and grown our business internally and externally – bringing on new ZayZoon members and introducing EWA to hard-working Canadians. Financial wellness should be accessible to everyone, and we’re relentless in building a future where that’s a reality.”

Deloitte’s Technology Fast 50 program winners consist of public and private companies in the technology sector that drive industry transformation.

"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."

About ZayZoon:

With ZayZoon, payday finally comes with the push of a button. Employees can use ZayZoon to get paid part of their earned wages when they need it. The platform also offers educational resources and tools to help workers break the paycheck-to-paycheck cycle. And it works. 89% of employees who use ZayZoon report less financial stress and employers who offer ZayZoon boast a 29% reduction in turnover. To learn more, visit ZayZoon at: https://www.zayzoon.com

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.