Stephen Fredette

CEO, Toast, Inc.

Real-Time Net Worth

$102B

As of December 2025

Age

Source

Payments software

Industry

technology

Citizenship

Biography

Stephen Fredette is the co-founder and President of Toast, a leading cloud-based restaurant management software company. Fredette, a self-made entrepreneur, has overseen the growth of Toast since its inception in 2012, leading product and innovation initiatives. With a net worth estimated at $102 million as of December 5, 2025, he has played a pivotal role in Toast's success. His career highlights include creating the first apps for Flickr and Shoebuy.com before the iPhone was released. Fredette's commitment to customer success has driven significant revenue growth and high customer retention for Toast, ultimately leading to impressive shareholder value. Fredette holds a BS degree from MIT.

In-Depth Profile

Early Life and Education

Stephen Fredette, a graduate of MIT with a degree in chemistry, embarked on his professional journey with a keen interest in technology and entrepreneurship. Before Toast, Fredette gained experience at Endeca, a search software company later acquired by Oracle.

Rise to Success

Fredette co-founded Toast in 2012 with Aman Narang and Jonathan Grimm, focusing initially on a mobile payments app for restaurants. The company recognized a significant problem with existing point-of-sale technology and developed a comprehensive platform for the restaurant industry. Toast's offerings include software for point of sale, payments, operations, digital ordering and delivery, marketing and loyalty, and team management.

Key Business Strategies

A key strategy for Toast's success has been its focus on a comprehensive platform designed specifically for restaurants. This approach allowed Toast to become the restaurant operating system, connecting front-of-house and back-of-house operations. The company expanded its software to include features for online ordering and delivery. Fredette has also emphasized investing in research and development, with plans to invest $1 billion in the next five years.

Philanthropy

While specific details about his philanthropy are unavailable in the search results, it is evident that Fredette is committed to the success of Toast and its employees.

Career Milestones

2012

Co-founded Toast

Launched Toast, a restaurant management software company, with Aman Narang and Jonathan Grimm.

2021

Toast IPO

Toast went public on the New York Stock Exchange.

Latest News & Analysis

Analysis•7/7/2025

Toast CEO’s Massive Share Dump: Is the Kitchen Fire Getting Too Hot?

Toast Inc. executives, including CEO Stephen Fredette, have unloaded shares to cover tax obligations. But is this a routine financial maneuver, or a sign that the bread is starting to burn?

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Analysis•4/3/2025

Meet the Mass. Moguls: Their Billion-Dollar Empires and the Future of Boston (You Won't Believe Who's On Top!)

Forbes just dropped its latest billionaire rankings, and the Bay State's elite are raking in fortunes. From tech titans to real estate royalty, we break down the power players shaping the future of Massachusetts, and their secrets.

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Analysis•4/2/2025

Massachusetts' Billionaire Boom: Who's Pocketing the Profits and Shaping the Future? (Forbes List Reveals All!)

Forbes just dropped its annual billionaire list, and the results for Massachusetts are… well, let's just say the Bay State is overflowing with cash. We're diving deep into the power players shaping our state, and trust us, the stories are wild.

Read Story