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November 17, 2017,
by volcanic

By Isobel Moulder | Nov 17, 2017 | Category: News

Last night saw Deloitte’s UK Fast 50 awards ceremony held at the Hilton Bankside, and representatives from the software and fintech sectors were out in force. Sitting alongside some of the country’s top talent, we were thrilled to be named the 7th fastest growing tech business in the UK.

The Deloitte UK Technology Fast 50 is one of the UK’s foremost technology award programmes, ranking companies by their year-on-year growth rate over the last four years. After crunching the numbers, they calculated that we have a growth rate of nearly 3000% – that’s a lot of receipts!

Receipt Bank Co-Founder Michael Wood, says, “It’s really exciting time to be a part of this journey. Accountants and bookkeepers all around the world are embracing the value that automated bookkeeping can provide for their practices and their clients, and our rate of growth reflects that.”

CEO Alexis Prenn adds: “Thank you to all our terrific customers who believed and believe in our vision and our ability to deliver it. The best is yet to come.”

The award comes at the end of a very exciting year for Receipt Bank, which saw us raising US$50 million in Series B funding – one of the largest funding rounds for a UK business in the past year – and landing a top 10 position in the Sunday Times’ Tech Track 100.

“The Deloitte Technology Fast 50 shines a spotlight on the UK’s fast-growing technology companies and is internationally recognised as being one of the most important business awards in the sector”. David Cobb, lead partner, Deloitte UK Technology Fast 50 and Technology Fast 500 EMEA Programmes.

We’re proud to be helping to lead a period of remarkable growth for UK startups. City A.M. reported recently that fintech start-ups are on track for a record-breaking year of investment.

We strive constantly to improve – improve our software as a reaction to partner feedback, improve our customer support, improve our relationships with our partners – and so it is deeply gratifying to see this effort reflected in our achievements. It is also a clear indicator that the pace of automation and innovation shows no sign of slowing as it helps businesses improve their efficiency and profitability.

We’d like to say a huge thank you to all of our partners. We look forward to an exciting time ahead as we continue to push the boundaries of what is possible in the world of cloud accounting, and keep you all delighted in the process.