MarketInvoice joins Future Fifty list of tech leaders
BUSINESS finance platform MarketInvoice has made the Future Fifty, a list of the UK’s leading late-stage companies whose alumni include Deliveroo and Transferwise.
MarketInvoice joins 23 other new entrants, including challenger banks Monzo and Starling Bank, on the fintech-heavy list compiled by Tech Nation. Online property lender LendInvest is one of the firms already on the list.
Deliveroo, Skyscanner, Just Eat and Transferwise are among the “breakthrough brands” which are Future Fifty alumni.
To merit inclusion, companies must have gained “considerable traction within their chosen markets and shown the potential to become global technology leaders of tomorrow”, says Tech Nation.
Future Fifty businesses raised more than $8bn (£6bn) from venture capitalists and capital markets in the last five years. Some 64 per cent are considering an IPO in the next three years, Tech Nation says. Nine of the list’s previously featured companies have come to market with successful IPOs, while 29 others sealed major M&A deals.
Read more: LendInvest mulls stock market flotation
Last year was a record one for venture capital investment in the UK, with firms attracting $7.9bn of funding, according to Tech Nation and Dealroom data, but fintech companies have warned that Brexit could hamper their ability to hire talent and grow in future.
Read more: UK fintech investment hits record level
The Future Fifty was established in 2013 to champion British tech businesses working to scale up their operations nationally and internationally. Those included on the list gain access to expert mentors to help them take their business to the next level. They also get support from a Tech Nation visa team which provides assistance with Tier 1 visa applications.
“The UK has a fantastic track record of producing globally successful tech companies and I’m pleased to see another diverse and impressive group of firms in Tech Nation’s 2019 Future Fifty Programme,” said Jeremy Wright, Secretary of State For Digital, Culture, Media and Sport.
“The list highlights the underlying strength of our digital economy and emphasises its huge potential. We are doing all we can to make sure this vital industry continues to grow and our young businesses are given the right support to thrive.”
“The companies we’ve selected are established in their chosen markets and are at the point where they can look forward to scaling up rapidly,” added Parveen Dhanda, Future Fifty programme lead at Tech Nation. “These are incredibly talented and visionary entrepreneurs. The peer connections and access to global experts that is on offer will help them fully deliver on their potential.”
Here are the new entrants to this year’s Future Fifty:
Fintech: Aire (London); Blockchain (London); Currencycloud (London); MarketInvoice (London); Monzo Bank (London); Nested (London); Quantexa (London); Starling Bank (London); Revolut (London); Salary Finance (London)
Data Analytics: Behavox (London)
Ecommerce and Marketplaces: Bizuma (London)
Hardware Devices and Internet of Things: Bulb Energy (London); M Squared Lasers (Glasgow); Reach Robotics (Bristol)
Digital Entertainment: Culture Trip (London); Mediatonic (London)
Software as a Service: Ensek (Nottingham); Kimble Applications (London)
Cyber Security: Garrison Technology (London).
Biotech and Healthcare: Ieso Digital Health (Cambridge).
Adtech and Marketing: GlobalWebIndex (London).
Enterprise Software: Perkbox (London); StarLeaf (Watford).