Rapidly Growing Billion-Dollar Companies
Delivered October 7, 2019. Contributor: Benjamin H.
Goals
To show examples of successful, rapidly growing organizations by obtaining a list of 10 profitable, billion-dollar companies that are less than 10 years old.
Early Findings
- Symphony is a communication platform headquartered in Palo Alto. It is valued at $1 billion.
- Founded in 2014, the company has bank-grade security. Several top investment banks such as Goldman Sachs, Morgan Stanley, and JPMorgan are both investors and customers. Google is also one of its investors and partners.
- TongDun Technology is also worth a billion dollars. The company specializes in risk control software.
- Temasek Holdings invested $72.8 million into the startup in October 2017.
- TongDun Technology works with more than 7,000 institutions throughout China.
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Headquartered in Hangzhou, this company was founded in 2013.
- Revolut provides free foreign exchange and many other banking services. The company is worth $1.7 billion.
- Founded in 2015, this London-based startup attained unicorn status within 33 months after being launched. It has 2 million customers globally.
- As of 2018, Revolut had raised $336 million in funding.
Proposed next steps:
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Within the first hour of our background search, we have identified 3 rapidly growing companies that are less than 10 years old and are worth at least a billion dollars. Since several companies meet these criteria, we recommend further research to provide an additional 16-20 profitable, billion-dollar companies that are less than 10 years old. For each company identified, we would provide the name of the company, a brief description of what it does, its current value, reasons behind its growth, and profit generated in 2018 or 2019. If profits are not publicly declared, we may provide the most recent revenue as an alternative.
Alternatively, we recommend further research to provide an additional 8-10 profitable, billion-dollar companies that are less than 10 years old. For each company identified, we would provide the name of the company, a brief description of what it does, its current value, reasons behind its growth, and profit generated in 2018 or 2019. If profits are not publicly declared, we may provide the most recent revenue as an alternative.