Fifteenth Annual 50 Fastest Growing Women-Owned and -Led Companies Announced

Rhea-AI Summary

The Women Presidents Organization, in collaboration with JPMorgan Chase, announced the 15th annual ranking of the 50 Fastest Growing Women-Owned/Led Companies on May 5, 2022. The top three companies are SimpleHealth, Highlight Technologies, and Stax, which have demonstrated significant revenue growth and innovation. The ranking reflects a record number of applications, but the percentage of honorees doing business globally has decreased to 62%. Notably, over 96% of honorees reported that their businesses returned to pre-pandemic profitability or were unaffected.

Positive

• Combined revenue of the 50 Fastest grew to $6.8 billion with over 30,000 employees.
• 96% of honorees reported returning to pre-pandemic profitability.
• Top three companies saw significant revenue increases: SimpleHealth increased by 571%; Highlight Technologies quadrupled; Stax achieved a $1 billion valuation.

Negative

• Percentage of honorees doing business globally decreased to 62%, down 4% from 2021.

The Women Presidents Organization and JPMorgan Chase Recognize the 2022 Ranking of 50 Fastest Growing Women-Owned/Led Companies During Award Ceremony

MONTREAL, 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 15^th 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:

1. 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.
2. 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.
3. 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 Kavanaugh	TKT & Associates, Inc.	Louisville, KY
6	Shital Daftari	SNT Biotech (DBA of Saris and Things)	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, LLC	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, City Safe Partners Security	New York, NY

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.

© 2022 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/cb-disclaimer for full disclosures and disclaimers related to this content.

CONTACT:

JPMorgan Chase 
Emma Langston
emma.langston@chase.com 

Women Presidents Organization
Laura Alfisher 
lalfisher@lbrpr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/fifteenth-annual-50-fastest-growing-women-owned-and--led-companies-announced-301540850.html

SOURCE Women Presidents Organization

FAQ

What is the ranking of the 50 Fastest Growing Women-Owned/Led Companies by JPM?

The ranking, released by the Women Presidents Organization and JPMorgan Chase, highlights the fastest-growing women-owned and led businesses, with the top three being SimpleHealth, Highlight Technologies, and Stax.

When was the 15th annual 50 Fastest Growing Women-Owned/Led Companies announced?

The ranking was announced on May 5, 2022.

What financial achievements did the 50 Fastest Growing Women-Owned/Led Companies report?

These companies collectively generated $6.8 billion in revenue and employed over 30,000 people.

What percentage of the 50 Fastest honorees returned to pre-pandemic profitability?

Over 96% of honorees reported returning to pre-pandemic profitability or were never adversely affected.

What trends were observed in the 2022 ranking of the 50 Fastest by JPM?

A record number of applications were received, but the percentage of companies doing business globally decreased to 62%.