Thriving during unpredictable times such as a pandemic is truly a feat. eXp World Holdings has not only thrived, but was named among the fastest-growing companies in North America at the Deloitte Technology Fast 500™ virtual awards celebration, which took place on Nov. 16. eXp placed 129th out of 500 nominees, ranking ahead of household names such as Zoom, Square and Etsy. In the Pacific Northwest Region, eXp placed second.
To be considered for this award, Deloitte Technology Fast 500™ award winners must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies are selected based on percentage fiscal year revenue growth from 2017 to 2020.
In that time, eXp World Holdings grew revenue by 1,052%. Overall, 2021 Technology Fast 500™ companies achieved revenue growth ranging from 212% to 87,037% from 2017 to 2020, with median growth of 521%.
eXp’s Rapid Growth Due to its Agent-centric, Innovative Model
eXp World Holdings also stood out because as a cloud-based company, it has enabled real estate agents to succeed throughout the COVID-19 pandemic. Virbela, one of eXp’s subsidiary companies, has provided an immersive, virtual solution for the real-world challenges facing organizations, remote workers and learners.
“We are honored to be among the other great tech companies who have won this award over the years,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “This award is further validation that our agent-centric, innovative business model is why we are the fastest-growing brokerage in the world.”
> See eXp’s agent-centric value proposition
“I would like to congratulate all of the Fast 500™ winners,” said Christie Simons, U.S. Technology, Media and Telecommunications Leader for Deloitte’s Audit and Assurance practice, as well as executive sponsor for the Deloitte Technology Fast 500™ program. “Each one of you is playing a critical role in changing and improving how we work, how we live and how we play. You are transforming your businesses for your people, your customers and your communities. If the past two years have shown us anything, it’s how reliant we are on technology to stay connected to family, friends and coworkers, and how we need science and technology to stay safe, communicate and get back to a new normal.”
eXp’s Technology Innovation Hub Driving New Projects
eXp World Holdings has been transforming the world of real estate since it was founded in 2009. Building on a culture of innovation, in July 2021 eXp established the Innovation Hub, which is led by Seth Siegler, Vice President, Technology Innovation & Real Estate. The eXp Innovation Hub provides a collaborative environment to create services and capabilities that make a difference in the day-to-day life of eXp real estate agents. The eXp Innovation Hub gathers agent and customer insights and then ideates and validates concepts, rapidly prototypes, runs beta tests, assesses commercial viability and makes decisions about when and how to launch projects.
With the goal of being the most agent-centric company, all projects have a common theme of fueling agents with technology, personal and professional development resources to help them scale their businesses and improve the overall homebuying journey.
Innovating on traditional solutions to bring added value, examples include a joint venture (“JV”) with Kind Lending to establish SUCCESS® Lending, a new residential lending platform; and eXp’s iBuyer platform, “ExpressOffers,” which differentiates from other iBuyer programs by making agents a key part of the process.