Revealed: Britain’s hottest 100 new businesses (Spoiler alert…Sthaler is on the list)
10th December 2018
Sthaler is today named in SyndicateRoom’s influential report: “Top 100: Britain’s Fastest-Growing Businesses”
We’re delighted to be name-checked in this important study of the brightest and best British businesses. And we’re in good company. Sthaler (who developed Fingopay) is alongside other great companies like what3words, Lyst and Deliveroo. SyndicateRoom produced the final list in partnership with independent research agency Beauhurst. Almost three-quarters of this year’s Top 100 ranking are businesses that excel at technology.
The report declares that “tech startups are the future”. It adds: “This year’s ranking is a celebration of the country’s scale-up ecosystem.” The UK’s tech industry is the fastest-growing in Europe and is expanding 2.6 times faster than the rest of the UK economy. New tech businesses being set up in the UK rose by nearly 60% in 2017.
Competitive cohort company valuations had to be in the seed, venture or growth stage in order to make the list. Fingopay, Sthaler’s flagship product raised an impressive £1.2m on their recent CrowdCube fundraiser bringing them to 162% of their target. SyndicateRoom calculated growth valuation as a multiple of the starting valuation. (e.g. a company with a pre-money valuation of £1m on 30/6/15 and a pre-money of £10m on 30/6/18 would have 10x multiple).
Read the full report HERE.