UV50 Fastest-Growing Companies: No. 10 Simplenexus

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THREE-YEAR GROWTH 834%
2019 REVENUE $12.9 million
CITY Lehi
FOUNDED 2014
EMPLOYEES 113
INDUSTRY Software
WEBSITE SimpleNexus.com
FOUNDER Matt Hansen, 42
THE COMPANY A digital mortgage platform that enables lenders to originate and process loans from anywhere.

WHAT A RUN
The success of SimpleNexus has been simple: Find a hole in the mortgage market, transform the industry with an easy-to-use app, and execute said product with exquisite, hard-fought simplicity.

GOALS
1. “Reach $100M in annual revenue.”
2. “Define the homeownership journey for Americans.”
3. “Build a culture of a group so tight-knit that we are all friends for life.”

ADVICE “Don’t let desire for growth overcome the need for frugality.”

AS LUCK WOULD HAVE IT

Roll-The-Dice Moment
“We took out an SBA loan for $150k and I maxed out credit cards for another $80k in order to make a key hire. This put us into a pretty scary burn for a company with five employees. I wondered what I’d do if my house went on the auction block. The key hire came on board, and we didn’t land a deal for four months. I was certain our bet was right, but had just enough doubt to get nervous. In the end, it did work out. The loan is gone now.”

Make Your Own Luck
“The more you do, the more opportunities you get to get lucky. Read the 10x rule.”

Fortune Cookie Forecast “We’ll grow 75% over the next year.”

| Click here to read about all the 2020 winners |

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