By Oliver Smith on Tuesday 5 March 2019
The FT's third annual ranking of fast-growing companies includes some familiar names.
The Financial Times has launched its 2019 FT 1000, a ranking of European companies that achieved the highest compound annual growth rate, which includes a few familiar names.
International payments and currency exchange fintechs ranked highest, led by Dutch group NBWM (No.10) with revenue growth of 4,652% between 2014 and 2017, and Kantox (No.310) in the UK.
Smarkets betting exchange made the list for the third-year running with growth of 948% and positioned at No.135 on the list, as did French payments platform Lemon Way (No.114) with 1,037% growth.
Two Swedish fintechs made the list, credit risk startup Instantor (No.699) and payments gateway Trustly (No.482).
“Our fast-paced growth responds to an immense necessity to assess the creditworthiness of an individual in a revolutionising way, globally,” said Instantor CEO Simon Edström.
Some household names are absent, the likes of Monzo, Starling and Revolut. This is likely due to both the timeframe of the report—the FT along with Statista compiled revenue data between 2014 and 2017, when many of these fintechs weren’t yet making money—and the fact that many of these haven’t yet monetized their user base.
The full ranking can be found here.