Alternative finance provider Fleximize has been ranked No. 39 on the Sunday Times’ 19th annual Hiscox Tech Track 100 league table.
The Tech Track league table ranks the UK’s 100 fastest-growing private tech, media and telecom companies. Fast Track, who curates the table in collaboration with The Sunday Times, is widely regarded as the barometer of private company growth.
Specifically, the Tech Track league table highlights UK companies with the fastest-growing sales over the last three years. Over 5,000 companies have ranked on The Track Tech league table over the past 21 years, including nearly half of the UK’s c2,600 private companies with profits of over £3 million.
This year, alternative finance provider Fleximize is the only Suffolk-based business to be ranked on the table and is amongst six businesses ranked from East Anglia. Fleximize has lent over £100 million to UK SMEs from its own balance sheet since launching in 2014. The Ipswich-based business has continued to grow year-on-year since inception and is currently on track to have a record quarter.
Fleximize has also been recognised for bringing transparency and support to SMEs that goes above that offered by both traditional and alternative lenders; the business was recognised at the Business Moneyfacts Awards in 2018 for bringing innovation to the finance sector through its award-winning rate comparison tool, which allows those looking for business finance to easily compare interest rates across multiple products.
Peter Tuvey, CEO of Fleximize said: "Being featured in the Sunday Times Hiscox Tech Track League Table is a huge achievement for Fleximize, and we’re delighted to have been ranked at position 39.
"Since Fleximize’s launch in 2014, we’ve consistently strived to balance sustainable growth with delivering a high standard of customer service and industry-leading flexibility to the alternative finance market.
"Earlier this year we celebrated surpassing lending £100 million to UK SMEs to support their growth plans, so being celebrated and recognised for our own growth and success is a welcome accolade for the business."
For more information, please visit fleximize.com.