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ID.me attributes multi-year revenue growth to the power of its digital identity wallet, simplifying access online for millions of Americans

MCLEAN, Va., Nov. 21, 2024 /PRNewswire/ -- ID.me, the next-generation digital identity wallet that simplifies how individuals securely prove their identity online, today announced it ranked 315 on the Deloitte Technology Fast 500^™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30^th year. In the Greater Washington, D.C. region, ID.me ranked 12. ID.me has earned a spot after seeing 370% revenue growth from 2020 to 2023.

Blake Hall, ID.me's Founder & CEO, attributes this remarkable growth to ID.me's commitment to reducing friction in consumers' lives while enabling secure access to services, benefits, deals, and more. "ID.me is designed to be the last login you need to create and the last identity verification you complete," said Hall. "With the ID.me Identity Wallet, users can verify their identity once and easily sign in with all organizations that accept ID.me. Solving these consumer pain points helps brands drive higher conversions and revenue while lowering costs. It also empowers government agencies to improve customer service, ensure privacy, prevent fraud, and expand digital access."

ID.me is the only digital wallet that meets the federal government standards for secure login and multi-factor authentication, NIST IAL2, while offering online, video chat, and in-person pathways for identity verification. ID.me has enrolled more than 135 million members into its digital wallet.  The number of these users verified at IAL2 has grown to over 62 million. These users can utilize ID.me's digital wallet to safely login and prove their identity in seconds at any government, commercial, or non-profit organization that uses ID.me.

"For 30 years we've been celebrating companies that are actively driving innovation. The software industry continues to be a beacon of growth, and the fintech industry made a strong showing on this year's list, surpassing life sciences for the first time," said Steve Fineberg, vice chair, U.S. technology sector leader, Deloitte. "Significantly, we also saw a breakthrough in performance of private companies, with the highest number of private companies named to the list in our program's history. This year's winners have shown they have the vision and expertise to continue to perform at a high level, and that deserves to be celebrated."

"Innovation, transformation and disruption of the status quo are at the forefront for this year's Technology Fast 500 list, and there's no better way to celebrate 30 years of program history," said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte's Audit & Assurance practice. "This year's winning companies have demonstrated a continuous commitment to growth and remarkable consistency in driving forward progress. We extend our congratulations to all of this year's winners — it's an incredible time for innovation."

About the 2024 Deloitte Technology Fast 500
Now in its 30^th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.

In order to be eligible for Technology Fast 500 recognition, companies 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 must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About ID.me
ID.me is the next-generation digital identity wallet that simplifies how individuals securely prove their identity online. Consumers can verify their identity with ID.me once and seamlessly login across websites without having to create a new login and verify their identity again. Over 135 million users experience streamlined login and identity verification with ID.me at 19 federal agencies, 44 state government agencies, and 66 healthcare organizations. More than 600 consumer brands use ID.me to verify communities and user segments to honor service and build more authentic relationships. ID.me's technology meets the federal standards for consumer authentication set by the Commerce Department and is approved as a NIST 800-63-3 IAL2 / AAL2 credential service provider by the Kantara Initiative. ID.me is committed to "No Identity Left Behind" to enable all people to have a secure digital identity. To learn more, visit https://network.id.me/.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500^® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's approximately 460,000 people worldwide connect for impact at www.deloitte.com.

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SOURCE ID.me, Inc.