Marketplace lending platform LendingCrowd has been named among the 50 fastest-growing technology companies in the UK for the second year running.
The 2020 Deloitte UK Technology Fast 50 awards, which are based on percentage revenue growth over the past four years, ranked LendingCrowd in 49th place on the prestigious top 50 list of the UK’s fastest-growing tech companies.
Stuart Lunn, founder and CEO of LendingCrowd, said: “Being included in the Deloitte UK Technology Fast 50 for the second year in a row is testament to the continued investment we have made in our leading-edge fintech platform and the efforts of the entire LendingCrowd team.”
“Because the Deloitte Technology Fast 50 measures sustained revenue growth over four years, being one of the 50 fastest-growing technology companies in the UK is an impressive achievement,” said Garry Tetley, Deloitte Technology partner for Scotland. “LendingCrowd deserves a lot of credit for its remarkable growth.”
This award comes just weeks after LendingCrowd, the only fintech lending platform headquartered in Scotland, won the Innovation Through Fintech and Scaleup Digital Tech Business of the Year titles at the ScotlandIS Digital Tech Awards 2020.
Jane Morrison-Ross, CEO of ScotlandIS, said: “LendingCrowd took home the Innovation Through Fintech prize after spearheading the push to make finance readily available to SMEs, who are finding it increasingly difficult to get support from traditional banks.”
LendingCrowd is supporting SMEs that have been affected by the Covid-19 pandemic, having been accredited by the British Business Bank as a lender under the Coronavirus Business Interruption Loan Scheme (CBILS). Loans from £50,001 to £250,000 are available over a three-year or five-year term, with no repayments due for the first 12 months, giving SMEs vital breathing space to get their business back on track.
The UK Fast 50 is part of an international programme run by Deloitte, one of the world’s leading professional services firms. Qualifying entrants will go forward to the Deloitte Technology Fast 500 EMEA (Europe, Middle East and Africa) programme.