ClearBank named UK’s fastest-growing tech company in 2021
A dozen fintechs, including Moneybox, Revolut and Modulr, were named in Deloitte’s annual Technology Fast 50 ranking.
The Deloitte UK Technology Fast 50 compares the revenue growth rate of the country’s top tech firms for the last four years to find which are experiencing the fastest growth.
ClearBank said the growth was attributed to the huge adoption of banking-as-a-service (BaaS) over the last few years, along with the fintech’s 1 per cent market share of faster payments in the UK.
“Our technological innovation, robust regulatory foundation and strong industry relationships have all helped us to get to this point,” said CEO Charles McManus.
“We have yet more firsts to announce before the close of the year, which will allow us to build upon our foundation of delivering the simplicity that customers have come to expect.”
Other repeat names on the list included DivideBuy, returning for the third year in a row, now at 43rd on the list after being named 1st in 2020.
“Having previously ranked first and fourth, making it onto Deloitte’s Technology Fast 50 list for the third consecutive year is a major achievement for DivideBuy,” said CEO Robert Flowers.
“To be recognised once more is a clear indicator that our solution is exactly what the market needs at this time, as the retail world slowly begins to open up following the devastating effects of the pandemic.”
The full ranking of the Fast 50 can be found here.