Fifteenth Annual 50 Fastest Growing Women-Owned and -Led Companies Announced
The Women Presidents Organization and JPMorgan Chase Recognize the 2022 Ranking of 50 Fastest Growing Women-Owned/Led Companies During Award Ceremony
MONTREAL, Quebec, May 5, 2022 /PRNewswire/ — The Women Presidents Organization (WPO), in collaboration with JPMorgan Chase, today released the 15th annual ranking of the 50 Fastest Growing Women-Owned/Led Companies. This year’s 50 Fastest list is led by companies focused on healthcare, government and technology, and for the second year in a row, the top three companies are run by women of color.
The 15th anniversary of the 50 Fastest heralded a number of firsts and notable trends. The WPO received more applications this year than ever before, and the ranking reflects the largest number of consumer brands since inception. According to this year’s applicant survey, the percent of honorees that reported doing business globally declined to 62%—4% lower than reported in 2021 and a number that had previously risen year over year. Over 96% of honorees report that their businesses have returned to pre-pandemic profitability or were never adversely affected.
“This year’s 50 Fastest winners are raising the bar for today’s entrepreneurs,” said Thelma Ferguson, Vice Chair of JPMorgan Chase Commercial Banking. “These incredible business owners, and countless others, are scaling new technologies, advancing purposeful missions and creating new pathways to success that will benefit generations to come.”
From January to December of 2021, the 50 Fastest generated a combined $6.8 billion in revenue and collectively employed more than 30,000 people.
The top three awardees are:
- SimpleHealth, Inc. in New York, NY, a telemedicine platform focused on reproductive health, returns to the 50 Fastest list this year, moving up from the number two spot in 2021. Helmed by CEO Carrie SiuButt, the company—which has one of the most accessible platforms for accessing birth control products online—has more than doubled in size and increased its revenue by 571% over the past two years.
- Newcomer Highlight Technologies, Inc., based in Fairfax, VA, debuts at number two on the list. Highlight, which is led by Founder and CEO Rebecca Andino, has quadrupled their revenues over the past two years by providing critical development and modernization, secure IT and mission solutions to more than a dozen U.S. federal government customers.
- Fintech start-up Stax also returns at number three on the list, up three spots from 2021 after a whirlwind year of growth. Stax is an all-in-one platform that helps businesses simplify payments with an innovative, flat-fee, subscription-style approach. Based in Orlando, FL and led by 34-year-old CEO and Founder Suneera Madhani, Stax has grown from one to 180 employees in seven years and recently attained “unicorn” status, announcing a $1 billion valuation after its latest round of investment.
“It is an honor to celebrate the talented and innovative leaders of these 50 companies that have experienced exponential growth in both size and revenue in today’s marketplace,” said Camille Burns, CEO of the Women Presidents Organization. “The WPO and JPMorgan Chase are excited to recognize and elevate these inspiring and diverse women-owned and -led companies, which are not only providing valuable products and services and generating economic growth but changing the public perception of, and conversation around, women-owned businesses.”
To qualify for the ranking, businesses are required to be privately held, woman-owned or -led, and must have reached annual revenues of at least $500,000 in each of the past five years. Applicants were not required to join or be members of the WPO. All eligible companies were ranked according to a sales growth formula that combines percentage and absolute growth. The top 50 were selected for the list.
More about this year’s 50 Fastest:
- Average honoree age: 51
- Average years in business: 18
- 78% started the business
- 74% provide telecommuting
- 70% provide flex time
- 74% do business with Fortune 1,000 companies
The 50 Fastest companies are being honored during a luncheon and ceremony at the WPO Annual Conference on May 5, 2022, in Montreal, Québec at Fairmont The Queen Elizabeth. Immediately following the ceremony, JPMorgan Chase will also host a discussion and audience Q&A featuring 50 Fastest honorees, who will share insights and advice for WPO members looking to grow their businesses.
|Rank||Entrepreneur||Company||City / State (or Province)|
|1||Carrie SiuButt||SimpleHealth||New York, NY|
|2||Rebecca Andino||Highlight Technologies, Inc.||Fairfax, VA|
|3||Suneera Madhani||Stax||Orlando, FL|
|4||Asma Ishaq||Modere||Newport Beach, CA|
|5||Kimberly L. Bunton & Sheila||TKT & Associates, Inc.||Louisville, KY|
|6||Shital Daftari||SNT Biotech (DBA of Saris and||Naperville, IL|
|7||Erica Brune||Lever1||Kansas City, MO|
|8||Patricia Bible||Katom Restaurant Supply Inc.||Kodak, TN|
|9||Roopa Makhija & Neha Shah||GEP||Clark, NJ|
|10||Pamela O’Rourke||ICON Consultants||Houston, TX|
|11||Merrilee Kick||BuzzBallz/Southern Champion||Carrollton, TX|
|12||Eleanor Alvarez||LeaderStat||Powell, OH|
|13||Snejina Zacharia||Insurify||Cambridge, MA|
|14||Aisha Yang||Herbaland Naturals Inc.||Richmond, British Columbia|
|15||Michelle Accardi||Logically||Portland, ME|
|16||Kara Trott||Quantum Health||Dublin, OH|
|17||Ranjini Poddar||Artech L.L.C.||Morristown, NJ|
|18||Marsha Serlin||United Scrap Metal, Inc.||Cicero, IL|
|19||Tamira Chapman||Storehouse In A Box LLC||Farmington, MI|
|20||Janet Casey||Marketing Doctor, Inc.||Northampton, MA|
|21||Andrea Wagner||Berkshire Sterile Manufacturing||Lee, MA|
|22||Paula Blankenship Cameron||Heirloom Traditions Paint||Taylorsville, KY|
|23||Lauren Brooks||Little Waisted dba Bakery Bling||Oklahoma City, OK|
|24||Anna Hung||CCIntegration, Inc.||San Jose, CA|
|25||Arlene Inch||TransPak, Inc.||Hayward, CA|
|26||Heather Blease||SaviLinx, LLC||Brunswick, ME|
|27||Jayne S Edison||Office Furniture Innovations, LLC||Houston, TX|
|28||Rebecca Cenni-Leventhal||Atrium||New York, NY|
|29||Teresa Yeager||MuniSight Ltd||Edmonton, Alberta|
|30||Emily Victoria Wilburn||Wilburn Medical USA||Kernersville, NC|
|31||Allison Long||On the Spot Utility Resources,||Evansville, IN|
|32||Rachel Landau||Grey Matter Concepts||New York, NY|
|33||Shelby Taylor||Chickapea||Collingwood, Ontario|
|34||Jenny Zhu||Triangle Home Fashions, LLC||East Brunswick, NJ|
|35||Diana Lee||Constellation Agency||New York, NY|
|36||Danielle Mizia||AEC Group LLC||Oakdale, PA|
|37||Sarah Valentini||Radius financial group inc.||Norwell, MA|
|38||Kerry Michaels||W.M.Golf, Inc||Austin, TX|
|39||Anna Cicur||Fast-Trak Construction, Inc.||Fort Worth, TX|
|40||Tracy Call||Media Bridge, Inc.||Minneapolis, MN|
|41||Amy Myers||AMMD, LLC||Austin, TX|
|42||Lora Fischer-DeWitt||Scout Curated Waters||Holyoke, MA|
|43||Dao Jensen||Oak Rocket Inc.||San Francisco, CA|
|44||Ann Ramakumaran||Ampcus Inc||Chantilly, VA|
|45||Paula Marshall||The Bama Companies, Inc.||Tulsa, OK|
|46||Nancy Erardi||NYCAN Builders||New York, NY|
|47||Kristi Alford-Haarberg||E2 Optics||Englewood, CO|
|48||Donna Dorozinsky||Just in Time GCP||Warrington, PA|
|49||Heather Podesta||Invariant LLC||Washington, DC|
|50||Soyini Chan-Shue||Overwatch Services LLC, DBA,||New York, NY|
|City Safe Partners Security|
ABOUT WOMEN PRESIDENTS ORGANIZATION (WPO)
The Women Presidents Organization (WPO) is a non-profit membership organization where dynamic and diverse women business leaders around the world tap into collective insight with exclusive access to entrepreneurial equals, innovative ideas, and executive education. WPO members have guided their business to generate at least $2 million USD in gross annual sales (or $1 million USD for a service-based business). Each WPO chapter serves as a professionally-facilitated peer advisory group for members where they can harness the momentum of their successes and cultivate new strategies that will take them even further. Learn more at women-presidents.com.
ABOUT JPMORGAN CHASE
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $4.0 trillion in assets and $285.9 billion in stockholders’ equity as of March 31, 2022. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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|JPMorgan Chase||Women Presidents Organization|
|Emma Langston||Laura Alfisher|
|[email protected]||[email protected]|