3 Belarus-Born Companies Break Into Deloitte’s Fast 500 List For 2017

Three companies with offices in Minsk got into the top 500 fastest growing technology companies ranking in North America in 2017.

Remember these names – WorkFusion, Fitbit and Oxagile!

oxagile, fitbit, belhard, workfusion, Deloitte's Technology Fast

Deloitte’s Technology Fast 500 is a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.


WorkFusion is the leading provider of intelligent automation particularly in the financial services, eCommerce, and retail industries.

New office for Minsk team

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The company was founded by Founded by serial entrepreneurs and longtime business partners Max Yankelevich and Andrew Volkov in Minsk in 2010.

It is headquartered in Belarus’ capital, with teams in New York, London and Singapore.

Read also: How Belarus tech savvy paves way to foreign investors and new markets

Ranking at 143 on the list, the company grew its fiscal year revenue 770 percent during the measured period from 2013–2016.

Earlier this year, WorkFusion raised $35 million in investments from a pool of investors led by the Georgian Partners Foundation, bringing total funds to $71 million.


An American company achieved a growth rate of 700%, and secured the 193 spot on the list.

With the headquarters in San Francisco, California, FitBit is known for activity trackers, wireless-enabled wearable technology devices.

FitBit office in Minsk was opened in 2010.


The company earned a 293 spot on the list with the company’s 203% revenue growth during three last years.

Oxagile is an international software development company with a focus on OTT platform development, adtech, big data, and BI solutions.

Read also: Belarus is emerging as the Silicon Valley of Eastern Europe

It was founded in July, 2005, by Dmitry Karpovich and Sergey Marchuk as a subdivision of BelHard Group.

Registered in the US, the company owns an R&D center in Minsk, Belarus, and a sales office in London, UK.

It also has offices in Germany, Sweden and Australia.

Sources: deloitte.com, TUT.BY