Both Landbay and Assetz Capital were ranked in the Financial Times‘ fourth annual list of the 1,000 fastest-growing businesses in Europe.
The report, compiled with research company Statista, lists the European companies that achieved the highest compound annual growth rate in revenue between 2015 and 2018.
Landbay, which was a peer-to-peer lender until it exited the retail investor market in December, came in at number 126, making it one of the top five fintechs in the UK and top 10 in Europe.
“Landbay has grown significantly over the past few years, while still maintaining our focus on excellent service and a strong team culture,” said John Goodall, founder and chief executive of Landbay.
“Our future is an incredibly exciting one, with an increasing number of institutional investors wanting to work with us and enable more lending to support the UK’s vibrant and vital private rental sector.
“Our growth so far would not have been possible without the intermediary partners who have supported us along the way and our fantastic team – we look forward to even more growth together in the years to come.”
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Between 2015 and 2018 Landbay saw its revenue rise by 128.2 per cent and generated a revenue of €4.9m (£4.26m) in 2018, according to the Financial Times report.
Meanwhile, P2P lender Assetz Capital was ranked 306th on the list, growing its revenue by 85.8 per cent in those same three years and delivering a revenue of €19.26m in 2018.
“To be highly ranked as one of Europe’s fastest growing companies in the Financial Times FT 1000 is testament to the hard work and dedication of our entire team,” said Stuart Law, chief executive of Assetz Capital.
“To rank within the top 10 businesses operating in the financial services sector is further evidence that peer-to-peer lending offers a viable alternative to banks for companies wanting to borrow and investors seeking fairer returns in another climate of falling interest rates.
“Our placement in the FT 1000 is the latest in a long line of achievements over the past seven years.
“Not only have we grown our community of retail, institutional and banking investors to more than 38,000, earning them more than £110m in interest in the process, but we’ve also hurtled towards the milestone of lending £1bn to growth businesses and housebuilders in the UK.”
Overall, London remained the city with the greatest number of fast-growing companies, followed by Paris and Milan, the research found.