Hot off the press! UK online investment platform SyndicateRoom launched a new report which identifies the fastest-growing business in the UK: Top 100: Britain’s Fastest-Growing Businesses. The SR Top 100 report uses a methodology by Beauhurst to rank the country’s leading startups by their increase in valuation between 2014 and 2017. Topping the list are TransferWise, Deliveroo, The Culture Trip, Digital Shadows and Sonovate. Other familiar fintech sector companies include Crowdcube, FlyPay, RateSetter and MarketInvoice.
“The first thing that springs to mind is just how inspiring they all are – from businesses that redefine our relationship with money to companies that are literally recreating the sun’s power on Earth,” commented SyndicateRoom CEO and Co-founder Gonçalo de Vasconcelos. “When we consider that these are the fastest-growing private businesses by valuation, it’s not surprising that the winners’ relentless growth is drawing ambitious investors to join the action.”
[clickToTweet tweet=”Britain’s Top 100 fastest-growing businesses found @SyndicateRoom’s new report! @fintechinsider_ @crowdfundinside ” quote=”‘The first thing that springs to mind is just how inspiring they all are – from businesses that redefine our relationship with money to companies that are literally recreating the sun’s power on Earth,’ commented SyndicateRoom CEO and Co-founder Gonçalo de Vasconcelos.”]
Payments unicorn TransferWise secured the top spot after demonstrating a valuation increase of 57 x over the course of the three-year period. Deliveroo comes in second, with a valuation increase of 56 x over the same three years.
“Our biggest driver of growth is word of mouth,” commented TransferWise CEO and Co-founder Kristo Käärmann. “We’re fortunate to have the support of world leading investors which means we can accelerate product development, but really what drives us is making money move across borders easier, cheaper, faster for the millions of people who need to manage their money across two or more countries.”
BookingBug, which comes in at number 14 on this list, provides powerful scheduling experiences that create profitable customer relationships. With three full-service offices in Boston, London and Sydney, BookingBug is a platform trusted by hundreds of banks, retailers and governments to manage their most important customer engagement journeys that need to be secure, data-driven and fully integrated with internal software and systems.
“Our growth over the last few years has come largely from the industry itself”, explained BookingBug CEO and founder Glenn Shoosmith. “No business should be raising money for the sake of it; the signal should come from outside. If the size of your market continues to grow, that can be a sign that you might need capital to keep pace.”
[clickToTweet tweet=”Britain’s Top 100 fastest-growing businesses in @SyndicateRoom’s new report! @crowdfundinside @fintechinsider_” quote=”Together, the winning 100 companies span 12 different sectors, employ around 10,200 people and generate £605,945,417 in revenue.”]
Together, the winning 100 companies span 12 different sectors, employ around 10,200 people and generate £605,945,417 in revenue. London has the vast majority of Top 100 winners with 71 of 100 companies headquartered in the capital. A major gender gap is present, however, with only seven female founders finding their businesses on the list. For the full list and ranking, including multiples of valuations, click here: SyndicateRoom Top100 list.