Published this weekend, the 18th annual Sunday Times Hiscox Tech Track 100 league table ranks Britain’s private technology, media and telecoms (TMT) companies with the fastest-growing sales.
Ranked 53rd, the leading business peer-to-peer lender had annual sales growth of 78% over three years with £13.7 million sales and almost 100 staff. It provides secured loans to UK businesses, while investors can earn target rates from 4.1% per annum.
Its Innovative Finance ISA – launched in December 2017 – already has over £50 million invested in it, and can be wrapped around all the Assetz Capital investment accounts.
Stuart Law, CEO at Assetz Capital said: “To be ranked as one of the fastest growing technology businesses in the country is a great achievement and a testament to the hard work of our entire team. Our view has consistently been that peer-to-peer lending can be a long-term, transformational, economic force for good, and our commercial success is strong evidence that this is indeed the case.
“We have always maintained a healthy balance between finance and technology. It’s this approach that has allowed us to grow sustainably in a way that benefits our investors, borrowers and shareholders equally. While we will continually look to push the boundaries of innovation within our industry, it will always be executed in a measured way that doesn’t compromise on our goal of sustained, profitable growth.”
This year’s Tech Track 100 companies achieved a combined total of £3.3bn sales. They employ 19,300 staff, having added 14,000 employees to their combined workforce over the period.
The full league table is published as a 10-page supplement within the business section of The Sunday Times on 9 September, both in print and in the digital edition, and on www.fasttrack.co.uk.