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Deloitte announces 2019 Technology Fast 500 EMEA rankings

Average growth rate of the EMEA Fast 500 program is 1,258 percent from 2015–2018. UK’s Revolut leads the charge with 39,754 percent growth from 2015–2018.

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London, United Kingdom, 30 July—A company from the UK tops Deloitte’s Technology Fast 500™ rankings for Europe, the Middle East, and Africa (EMEA), which was released today. The list is compiled by Deloitte’s regional Technology, Media & Telecommunications (TMT) industry group.

Overall, this year’s Technology Fast 500 list for the region features winners from 22 countries, with an average growth rate of 1,258 percent in 2019, compared to 969 percent in 2018.

Revolut is the number-one ranked company on the 2019 EMEA Technology Fast 500 list.

“When Revolut was founded in 2015, we had a vision to build a sustainable, digital alternative to traditional big banks. Our mission now is to help our customers improve their financial health, empower them to have more control, and promote financial cohesion across the communities in which we operate.” says Nik Storonsky, Founder & CEO of Revolut.

"We're delighted to top the ranking. 12 million people now use Revolut to manage and improve their finances, and our growth reinforces the point that people are looking for alternative ways to manage their money."

Nikolaas Tahon, EMEA Fast 500 Lead Partner commented "This year’s Fast 500 list is led by organisations demonstrating unprecedented growth, reflecting the continuing evolution in technology. We are aware that the current environment is a complex one for many organisations, particularly as leaders work out their future strategy. Deloitte congratulates Revolut as well as all other winners and we’re excited to see their continued achievements in the next year."

A complete list of winners can be found at www.deloitte.com/fast500emea.

The 2019 Deloitte Global Technology Fast 500 EMEA top 10

  Company Name Country Median revenue growth (2015–2018) Primary Industry
1 Revolut UK 39,754% Fintech
2 OakNorth UK 30,706% Fintech
3 Cloud&Heat Technologies GmbH Germany 21,474% Environmental Technology
4 DivideBuy UK
19,572% Fintech
5 FINEWAY Germany 16,594% Software
6 Hazelight Studios AB Sweden 14,144% Media and Entertainment
7 WOLT ENTERPRISES OY Finland 10,381% Software
8 PRIMA ASSICURAZIONI SPA ITALY 9,392% Fintech
9 Electric Mobility Concepts GmbH (emmy-sharing) Germany 9,303% Environmental Technology
10 Flightgift / Hotelgift The Netherlands 7,628% Software


Geographic overview

The UK had the most winners in the Technology Fast 500 for EMEA, with The Netherlands having the second highest number of winners. The other top represented countries included Germany, Sweden and Belgium.

Country Number of ranked companies
UK 98
The Netherlands 70
Germany 47
Sweden 46
Belgium 35
Finland 34
Portugal 31
Czech Republic 24
ROI 23
Turkey 21
Poland 21

 

The ranking was closed on April 30, 2020 and is based upon available financial information over the years 2015 through 2018.Numbers have not been adjusted based on the impact of COVID-19 and the status of the companies listed may have changed since that time.

About Deloitte’s 2019 Technology Fast 500 EMEA program

Deloitte’s Technology Fast 500™ EMEA program is an objective industry ranking focused on the technology ecosystem. It recognizes technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East, and Africa (EMEA) during the past four years. The program is supported by Deloitte’s regional Technology Fast 50 initiatives, which rank high-growth technology companies by location or specifically defined geographic area, and are run by Deloitte Technology, Media & Telecommunications (TMT) industry groups around the world. More information on the program is available at www.deloitte.com/fast500emea.

The EMEA Technology Fast 500 program includes more than 20 countries. This year’s winners were selected based on percentage fiscal-year revenue growth from 2015–2018.

About Deloitte

In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press.

For more information, please visit www.deloitte.co.uk.

 

Press contact

Laoise Flanagan
Director - Deloitte Private
UK & NSE
Tel:  +44 161 455 8235
lflanagan@deloitte.co.uk

Nathalie Geentjens
Marketing & Communication Manager
Deloitte Belgium
Tel : + 32 2 800 26 59
ngeentjens@deloitte.com

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