LANDBAY and Lending Works have been named among the fastest-growing technology companies in the UK.
The peer-to-peer lenders have been included in Deloitte’s UK Fast 50 – a list of the fastest-growing firms in the technology sector based on percentage revenue growth over the previous four years.
Consumer P2P platform Lending Works was ranked tenth, with revenue growth of 2,832 per cent over the four-year period.
Property P2P lender Landbay – which hit £200m of lending earlier in November – was at number 20, with four-year revenue growth of 1,467 per cent.
Takeaway app Deliveroo came top of the list, registering revenue growth of 15,749 per cent.
Companies nominate themselves and must be UK-owned and based, as well as having revenues of at least £38,390 in the first year and a current year operating revenue of at least £885,670.
“The Deloitte UK Technology Fast 50 programme celebrates the incredible achievements of the UK’s fastest growing technology companies,” Duncan Down, programme lead for the Fast 50 said.
“Talent is consistently identified as a key drive of success, but increasingly companies are recognising the importance of diversity of though and perspectives and how this helps them succeed where other young organisations fail.”