We couldn’t be prouder to announce that DivideBuy ranked fourth in Deloitte’s Technology Fast 500™ Europe, Middle East & Africa (EMEA) 2019 leadership board, behind only Revolut and OakNorth Bank.
DivideBuy was recognised for its impressive median revenue growth of 19,572% over the term, making it the fourth fastest-growing technology company in EMEA.
This is another incredible achievement for DivideBuy, having just hit our £100 million sales landmark, less than one year after we hit £50 million lifetime sales in October 2019.
In a list dominated by fintechs, it means so much to our hardworking team to be ranked so high. It also demonstrates the ongoing success of the wider industry, which is continuing to go from strength to strength.
It highlights the major growth of technology innovation occurring in the payments space, of which we are so proud to play a part.
Deloitte announced their analysis of the fiscal year revenue growth of EMEA businesses between 2015-2018 in August. Now in its 19th year, the Deloitte Technology Fast 500 has acknowledged countless high-profile businesses across the EMEA region, including Deliveroo, Checkout.com and Wix.
This year’s listing features winners from 22 countries, with an average growth rate of 1,258% in 2019 compared to 969% in 2018.
What makes DivideBuy’s approach to lending stand out?
DivideBuy’s technology platform is built on retail understanding and consumer insight, solving many common pain points for our retail partners. This approach enables retailers to provide a credit option with no hidden small print, and capabilities such as an online checkout that provides real-time credit decisions, thereby leading to increased retail sales.
In fact, our retail partners have seen phenomenal success upon implementing our solution to their checkout. For example, when mattress company, Simba Sleep, implemented our credit lending option with the goal of reducing the rate of checkout abandonment and improving the customer journey, they reported an increase in orders by 25% against their previous credit lending provider.
How has DivideBuy achieved this growth?
DivideBuy’s growth has been driven by strategic investment, allowing us to acquire over 500 retailers to-date and to build a talented team based in the North West UK.
As far as we’re concerned, this is just the beginning of a long and exciting road ahead. Moving forward, we’re continuing to evolve our checkout, lending process and platform, while adopting a strategy that provides long-term value to our investors.
For the full 2019 Deloitte Technology Fast 500™ Europe, Middle East & Africa (EMEA) ranking, go to: https://www2.deloitte.com/global/en/pages/technology-media-and-telecommunications/articles/technology-fast-500-emea.html.
If you’re interested in how the DivideBuy solution can help increase conversion rates for your business, you can book a demo with our business development team.