In this article we are going to list the 5 fastest growing UK companies. For a detailed coverage of this topic and a more comprehensive list, please head on over to the 15 fastest growing UK companies.
5. Monzo
Multiple increase in valuations from 2016 to 2019: 68
Monzo was one of the first challenger banks in the UK, founded in 2015 and it has earned the fifth spot among the fastest growing UK companies. Monzo is an online bank, with over 4 million customers. The company is not yet profitable, losing 113.8 million pounds in July 2020, though its revenue jumped up to 67.2 million pounds.
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4. Lyst
Multiple increase in valuations from 2016 to 2019: 100.2
Lyst enjoyed humble beginnings from a shed in London, and now is one of biggest global fashion search platforms and one of the fastest growing UK companies. Lyst’s platform you to search through least 5 million products from around 12,000 leading global brands. The company was founded in 2010, and was used by more than 70 million shoppers in 120 countries in 2020, leading to 10 million searches every month.
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3. Nutmeg
Multiple increase in valuations from 2016 to 2019: 125.1
If you are looking for one of the fastest growing companies in the UK in the investment sector, then look no further than Nutmeg, which is an online discretionary investment management company. This means that it takes investment decisions for its customers rather than simply allowing them to trade, and invests based on the risk appetite and goals of its customers. The company this year celebrates its 10-year anniversary.
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2. Revolut
Multiple increase in valuations from 2016 to 2019: 239.4
Revolut is an English fintech company which provides banking services to its customers. There are a lot of options to select if you use Revolut, including crypto and commodities. Founded in 2015, the company has grown rapidly over the last half decade and has established itself as the biggest fintech company in the UK, with a valuation of more than 4 billion pounds. It has also expanded its staff from 1,500 to more than 5,000 and maintains a presence in Japan as well. Revolut finally achieved profitability in 2020 and in January 2021 it applied for a banking license.
1. Bulb
Multiple increase in valuations from 2016 to 2019: 317.8
Topping the list of the fastest growing companies in the UK is Bulb, which has seen an astonishing increase of 317.8 times in just three years! Bulb is an energy company, which only supplies renewable energy and aims to challenge the bigger energy companies and is among the most successful of the smaller energy companies in the industry. Not only is electricity generated from renewable sources, it also provides carbon neutral natural gas and has at least 1.5 million customers. The company began operations back in 2015 and while currently operating at a loss, is attracting a lot of investment from venture capitalists.
See also: 15 Fastest Growing E-Commerce Companies in 2020 and 15 Fastest Growing Biotech Companies
