Four peer-to-peer lenders have been named among the UK’s fastest growing technology companies.
Deloitte’s UK Fast 50 list ranks technology companies based on their revenue growth over the previous four years.
The highest ranking P2P lender on the list was Lendable, at 17, followed by CrowdProperty at 41, while LendingCrowd and Lending Works were the 49th and 50th fastest growing firms.
CrowdProperty had the additional accolade of being named as the fastest growing technology company in the Midlands, registering 1,008 per cent revenue growth over four years.
The platform’s chief executive Mike Bristow said in his entry that its location in Birmingham provides access to a strong talent pool and cheaper fixed costs than being in London.
He added that institutional capital is piling into his platform.
“These diverse sources of capital will allow us to scale rapidly,” he said.
“There are no limits on how big we could get.”
Former P2P lender Landbay also featured on the list as the sixth fastest growing technology firm in the UK.