21 November 2014
Financial technology firm, Active Securities Limited trading as 247Moneybox.com, with 5 year revenue growth of 2613%, has been named as one of the UK's fastest growing technology companies in the Deloitte Technology Fast 50 awards. The ranking identifies the 50 fastest growing UK technology companies with the highest percentage revenue growth over the past 5 years.
The Deloitte Technology Fast 50 is one of the UK's foremost technology award programmes. Now in its seventeenth successful year, it is a ranking of the country's 50 fastest growing technology companies, based on revenue growth over the last five years.
Nick Mordin, CEO, said "We are delighted to have been ranked 12th this year. Our position has undoubtedly been driven through the ongoing development of our in-house technology platform, expansion into new markets and ability to scale efficiently."
According to Mark Hannay, COO "Building the right risk engine and end to end operating platform that can scale rapidly across any credit product both commercial and consumer in any geographic territory has always been our plan. It has been an incredible few years and the future looks set to be even more exciting as we explore new credit products to plug into our operation."
Currently the firm is exploring how to scale the credit union sector and is in dialogue with both banks and credit unions. In addition, the firm sees the UK credit landscape changing rapidly over the coming years as consumers are able to easily compare and switch between financial service providers. The firm speculates that this move to credit becoming a commodity product could benefit new start-ups and challengers to the banking industry.