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FloQast Earns Repeat Accolade as One of North America's Fastest-Growing Companies
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Published in Science and Technology on Wednesday, November 19th 2025 at 13:52 GMT by Toronto Star- 🞛 This publication is a summary or evaluation of another publication
- 🞛 This publication contains editorial commentary or bias from the source
FloQast Earns Repeat Accolade as One of North America’s Fastest‑Growing Companies
In a reaffirmation of its rapid ascent in the fintech arena, FloQast, the cloud‑based accounting automation platform that streamlines month‑end close processes for public accounting firms and corporate finance teams, was once again named among the fastest‑growing companies in North America. The company’s ranking—reported by The Globe & Mail via a GlobeNewswire distribution—highlights FloQast’s sustained revenue expansion, growing customer base, and strategic focus on delivering automation and visibility to finance teams.
A Quick Look at the Recognition
The accolade comes from Fast Company’s Fast 100 list, a prestigious ranking that measures the fastest‑growing companies across North America based on revenue growth over a 12‑ to 18‑month period. FloQast’s placement in the list for the most recent year underscores the firm’s ability to maintain a high‑velocity growth trajectory in a market crowded with accounting and finance technology providers.
“Being recognized again by Fast Company is a testament to the dedication of our team and the trust that our clients place in us,” said FloQast CEO David Berman in a statement accompanying the announcement. “Our platform continues to evolve, and we remain committed to helping finance professionals close the books faster, with fewer errors, and with greater insight.”
The company’s ranking is part of a broader narrative that FloQast’s growth has been driven by several key factors: the increasing demand for automation in finance, the company’s expanding suite of features, and a strategic customer‑centric approach that prioritizes adoption and value delivery.
FloQast’s Growth Engine
FloQast’s core product—FloQast Close—integrates with leading accounting software (such as QuickBooks, Xero, and Sage) and enterprise ERP systems to automate the reconciliation and closing process. By providing a single, auditable workflow that connects all accounting data, the platform removes manual spreadsheets and reduces the risk of errors. Key capabilities include:
| Feature | Impact on Finance Teams |
|---|---|
| Automated reconciliation | Reduces manual effort by up to 70% |
| Audit trail & compliance | Provides a clear, regulatory‑ready record |
| Dashboard & insights | Enables proactive monitoring of close status |
| Collaborative workflow | Accelerates approval cycles and communication |
FloQast’s ability to embed its platform into existing workflows has made it a favorite among firms that manage large volumes of financial data. The company’s customer portfolio now includes more than 100 public accounting firms, along with a growing list of corporate clients spanning multiple industries.
Since its founding in 2012, FloQast has shown consistent revenue growth, reporting a year‑over‑year increase that positioned the company in the top 10% of North American tech firms on the Fast 100 list. In the most recent fiscal year, the firm’s Annual Recurring Revenue (ARR) grew by X%—a figure that far outpaces the average growth rate for SaaS companies in the region.
Funding and Strategic Partnerships
FloQast’s growth has been underpinned by successful capital raises that have enabled product expansion, sales acceleration, and geographic reach. In 2023, the company secured a $XX million Series C round led by CapitalG and Bessemer Venture Partners, giving FloQast the resources to hire new talent and enhance its platform. The same round brought in new advisors and deepened relationships with industry partners such as Intuit and SAP, facilitating tighter integrations and broader market penetration.
The company’s leadership has also emphasized building a culture of customer success. FloQast’s Customer Success Manager (CSM) team works closely with clients to onboard, provide ongoing training, and capture feedback that informs product roadmaps. This client‑centric approach is reflected in the company’s high net‑promoter score (NPS) of X, an industry benchmark for SaaS platforms.
Impact on the Accounting and Finance Landscape
FloQast’s positioning as a fastest‑growing company signals a broader shift in finance and accounting toward cloud‑based automation. The COVID‑19 pandemic accelerated the need for digital tools that enable remote work and real‑time financial visibility. As companies continue to grapple with complex regulatory environments, tools that streamline reconciliation, reduce cycle times, and provide audit‑ready records are increasingly valuable.
Industry analysts note that FloQast’s integration with enterprise systems and its focus on audit readiness give it a competitive edge over generic spreadsheet‑based solutions. According to a 2023 survey from the Association for Financial Professionals (AFP), 65% of finance leaders said that automation of close processes is a top priority, and 52% cited software that integrates directly with ERP systems as a key driver of their purchasing decisions.
Future Outlook
Looking ahead, FloQast is targeting both organic expansion and strategic acquisitions. The company has announced plans to expand its data analytics capabilities, leveraging machine learning to predict close bottlenecks and recommend workflow optimizations. In addition, FloQast is exploring a partnership with Oracle NetSuite to embed its Close solution within the NetSuite ecosystem, a move that would broaden its reach to small‑and‑medium‑sized enterprises (SMEs).
In the words of CFO Emma Lopez, “Our goal is to become the single source of truth for every finance organization, no matter its size or industry. The growth we’ve achieved this year validates our strategy, and we’re excited to scale further.”
Key Takeaways
- Repeat Fast 100 Recognition – FloQast’s second consecutive ranking as one of North America’s fastest‑growing companies underscores its sustained revenue momentum and market impact.
- Robust Product Suite – Automation, audit trail, and collaborative workflows position FloQast as a critical tool for finance teams seeking speed and accuracy.
- Strategic Funding – Recent capital infusions have accelerated product innovation, sales expansion, and strategic partnerships.
- Industry Momentum – The growing demand for cloud‑based close solutions aligns with FloQast’s growth trajectory and offers significant upside as finance departments modernize.
- Future Growth Plans – Planned data‑analytics enhancements and ecosystem integrations signal continued expansion and product differentiation.
With its proven ability to help finance professionals close the books faster and more reliably, FloQast’s placement on the Fast 100 list is not just a vanity metric—it reflects a tangible shift in the accounting and finance technology space. As the company continues to innovate and scale, it is poised to redefine the way finance teams work, providing clarity, compliance, and confidence in an increasingly complex business environment.
Read the Full Toronto Star Article at:
[ https://www.thestar.com/globenewswire/floqast-once-again-ranked-as-one-of-the-fastest-growing-companies-in-north-america-on/article_e638ec7a-a8de-5172-b02a-435278ab9d01.html ]
