3 April 2016
Financial technology firm, Active Securities Limited trading as 247Moneybox.com, announced today it has again been selected as a finalist for Red Herring's Top 100 Europe award, a prestigious list honoring the year's most promising private technology ventures from the European business region. The firm, which focuses on online loans, is looking to the future with optimism.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Europe. The nominees are evaluated on 20 main quantitative and qualitative criterion: they include disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries.
"This year was rewarding, beyond all expectations" said Alex Vieux, publisher and CEO of Red Herring. "There are many great companies producing really innovative and amazing products in Europe. We had a very difficult time narrowing the pool and selecting the finalists. Active Securities shows great promise and therefore deserves to be among the finalists."
Mark Hannay COO, Active Securities, said "Following hot-on-the-heels of our full FCA authorization, it is a great achievement to be ranked on such a prestigious tech list for the second time in our short history."
Finalists for the 2016 edition of the Red Herring 100 Europe award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the months leading up to the announcement, Red Herring reviewed over 1200 companies in the telecommunications, security, cloud, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award. The firm, with its emphasis on responsible lending, caught the judges eye.