Business Finance

10 of the Fastest-Growing US Companies in 2020

By Mariliana Fotopoulou Friday, June 19, 2020

Hundreds of businesses are formed every year, but not all of them succeed. While many businesses end up failing, the following ten have been incredibly successful. For these companies, innovation, creativity, and resilience have paid off — and in a big way.

Niantic

Niantic is a US software development company based in San Francisco, widely known for being the developer behind Pokemon Go, one of the most popular mobile games in recent years.

AR is a big hit, and many people are convinced it will be the next big thing in computing. Niantic’s specialty lies in this, as they create digital layers on top of artificial realities — a successful example of this is their popular game Pokemon GO. John Hanke, their founder and chief executive, describes his technology as “putting a filter on the world.”

UiPath

UiPath is an RPA (Robotic Process Automation) company and was described as a “unicorn” for its out-of-character $1 billion in revenue. The road to success for this Romanian-born startup has been far from straightforward. Having strayed from this path many times, they even faced closure before emerging as the leader of the global RPA market — proof that their success lies not in the recipe, but the individual ingredients.

Publisher First (Freestar)

Freestar’s revenue growth has been up a staggering 36,680%. Like any other successful business, there is no secret formula. Freedman and Star, the launchers, found a gap in the market, where people were struggling and took it from there. Freestar helps publishers who are struggling to unleash their true revenue potential.

FreightWise

FrieghtWise is a transportation management software program that started only with parcel and less-than-truckload but expanded into many transportation modes. FreightWise fills the gap between transportation management structures and accounting systems, and seeks to provide an overall better client experience using SaaS platforms. These factors have made FreightWise very popular.

Cece’s Veggie Co.

Cece’s Veggie Co., the top food company on the list, has been recognized for disrupting the produce department by pioneering the first pre-packaged USDA-Certified Organic spiralized vegetables. The company’s mission is to make it easier and more fun to eat vegetables often. Cece’s Veggie Co. has expanded to offer more ready-made meals too. By targeting a huge market and picking something in high-demand, this company has seen exceptional success.

Perpay

Perpay is a commerce company for ordinary people by helping them to afford things in tight spots. It allows you to buy something generally more expensive, like a washing machine, and pay back in small amounts. Instead of charging interest to make money, it buys wholesale from distributors and sells them at a markup. The model is paying dividends.

Bear Mattress

Bear Mattress started off as a family business. Paladini, the owner, noticed the “try-before-you-buy” aspect that many stores were starting to have and applied it. He also added a dozen new minerals which proved to be very comfortable, making himself distinct in the market.

Applied Data Finance (ADF)

ADF is the trusted financial partner for thousands of underestimated, under-banked consumers overlooked by financial institutions. Combining state-of-the-art technology and world-class application of advanced data science and machine learning, ADF is setting a new standard for assessing non-prime borrower credit and fraud risk.

NuLeaf Naturals

NuLeaf Naturals is one of the US’s top pioneering hemp CBD oil companies, developing products that promote a healthy body and a healthy mind. It’s 100% organic and is committed to providing high-quality products in their most pure and simple form.

Urgent.ly

Urgent.ly is a roadside assistance and mobility assistance technology company founded in May 2013. It develops, markets, and operates a global digital platform powering roadside assistance solutions for companies in transportation-focused industries.

There are different ways to be successful in business. However, if these ten businesses are anything to go off of, the best businesses have plenty of will, grit, and creativity. It is important to persevere and keep going.

About the Author


Mariliana Fotopoulou

Mariliana has an MSC in consumer analytics and business strategy. She has a special interest in fast-moving industries and big data.