Fintechs make up a quarter of Deloitte’s list of the UK’s fastest-growing companies this year but four peer-to-peer lending platforms lost their place from last year’s rankings.
Deloitte’s UK Fast 50 – its annual ranking of the top 50 fastest growing technology companies in the UK – featured 12 fintechs, the same number as last year.
However, this year no P2P platforms were included, while in the previous year’s list there were four, comprising Lendable, ranked 17th, CrowdProperty (40th), LendingCrowd (49th) and Lending Works (50th).
Three fintechs were ranked at the top of 2021’s Deloitte Technology Fast 50 list, which is based on revenue growth over the last four years.
ClearBank was top of the list after the payment and banking services provider achieved 21,569 per cent growth over the past four years.
This was followed by Airtime Rewards, which assesses customer spending behaviour to tailor loyalty programmes, with 16,907 per cent growth, up 18 per cent from the previous year, and money transfer operator Paysend, which achieved 14.5 per cent year-on-year growth to reach 14,498 per cent over the past four years.
2019’s winner Revolut was ranked at 25 this year and digital lending services platform DivideBuy, which topped the list in 2020, dropped down to 43.
The remaining fintechs in the 2021 list included: Zego, Fidel API, Napier, Salary Finance, Blockchain.com, Modulr, DivideBuy and Moneybox.
“Deloitte’s Fast 50 ranking is a fantastic showcase identifying the success of technology start-ups in the UK,” said Richard Davies, chief operating officer at Revolut.