Four fastest growing Fintechs in Europe

For the third time, FT1000 has been published by Financial Times and Statista. It shows which companies in Europe grew the fastest between 2014 and 2017. First place is a fintech.

Fintech Blue Motor Finance from the UK

At the top of the list is Fintech Blue Motor Finance from the UK. The company specializes in financing vehicles. The sales growth of the company, founded in 1992, gives Financial Times an incredible 51,364 percent. However, Blue Motor Finance comes from a relatively low sales level and was therefore able to grow so extremely. Sales for 2017 are 61.4 million euros. The number of employees increased by 143 between 2014 and 2017 to a total of 155.

The British company Deliveroo

Second place went to the British company Deliveroo. Which has made a name for itself in the field of restaurant delivery services since 2013. For the growth Financial Times has a value of 15.749 percent. Revenues totaled 316.1 million euros in 2017. The staff will climb over three years from 2014 to 2017 by 1,636 people.

The Uber competitor Taxify

The bronze medal is secured by a company from Estonia. The Uber competitor Taxify founded in 2013, recorded a revenue increase of 12,231 percent. The revenue for 2017 calls Financial Times with 17.8 million euros. The number of employees increased within three years by 336 to 350 in total.

The technology online shop Solectric

After all, the first German company in the ranking is in fourth place. The technology online shop Solectric, which has its origins in the production of energy saving LED lighting, recorded revenues of € 40.9 million in 2017. The growth is 7,772 percent. From just three employees at the beginning of the company’s foundation in 2013, the number of employees increased tenfold to 30 employees.

Overall, the ranking of Financial Times and Statista is determined by technology companies.


Originally published at TheStartupFounder.com.