Nine Croatian Companies on Deloitte's List of Fastest Growing

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The overall winner is the company Revolut with a growth rate of 39,754 percent, but nine companies have managed to find their places on this prestigious list of the 500 fastest growing companies.

As Poslovni Dnevnik writes on the 30th of July, 2020, the UK-based Revolut is at the top of Deloitte’s ranking of the 500 fastest growing technology companies in the EMEA region, which includes Europe, the Middle East and Africa. Deloitte’s Technology Fast 500 ™ EMEA was created by Deloitte’s global Technology, Media and Telecommunications Division, and has been running for nineteen years.

Taken as a whole, this year’s list of the 500 fastest growing technology companies in the EMEA region included winners from 22 countries, with an average revenue growth rate of 1258 percent, up from 969 percent recorded in 2018. The revenue growth rate of the companies included in the scale ranged from 157 to 39,754 percent.

“This year, there are nine Croatian companies ranked on the list of the 500 fastest growing technology companies in the EMEA, which is four more than last year,” said Zlatko Bazianec, head of the Croatian office and a partner in Deloitte’s business consulting department.

“I’m pleased to note that we’ve remained the leader when it comes to the number of companies placed in our regional environment. We’d like to congratulate the Croatian companies and we want to encourage and invite technology companies to apply for our competition, in order to continue to maintain the position and reputation we’ve gained over all these years,” he added.

Revolut, from the United Kingdom, took first place in the ranking of the 500 fastest growing companies in the EMEA region in 2019 with a growth of 39,754 percent. Revolut is a fintech company that has created an application for business and trading cryptocurrencies.

The top five are rounded out by OakNorth, which is also from the UK, with a growth of 30,706 percent, the Cloud & Heat Technologies GmbH (21,474%), DivideBuy (19,572%), also from the United Kingdom, and FINEWAY from Germany with a growth of 16,594 percent.

Central Europe and Croatia

This year, 80 companies from Central Europe were placed on the list of the 500 fastest growing, which is an increase compared to 51 last year. Most of them are from the Republic, with 24 companies, followed by Poland with 21 companies, then Croatia with 9, Lithuania with 7, Slovakia with 7 6, Romania with 4, Bulgaria and Hungary with 3, and Slovenia, Bosnia and Herzegovina and Estonia with 1 company each.

This year, nine Croatian companies have been placed on the list, which is four more than last year. In addition to the companies that were on the list last year: Q Software, Infinum, and Microblink, this year Bazzar.hr (Follow Me/Prati Me doo), AG04 Innovative Solutions, Arbona, IPS doo, Serengeti doo and Lemax d.o.o. were placed on the list of the 500 fastest growing companies in the EMEA region.

Bazzar.hr, with 39th place and growth of 2,821 percent, achieved the best placement, and it is interesting how Infinum has achieved placement on the EMEA 500 list as many as six times since 2013.

”When we launched the Bazzar platform, we had a clear vision and a goal that is increasingly being achieved every day of us doing business. The opportunities offered by e-commerce in this part of the region are still in the development stage, so being listed on Deloitte’s list of the 500 fastest growing technology companies in the EMEA region only confirmed that we’re well on our way to realising the potential of e-commerce. Growth of over 2000% is great, but for us it’s just the beginning and marks a spring in our step, so we’d like to invite everyone to apply, because such recognitions in business are an immeasurable springboard,” pointed out Tana Zimmermann, CEO of Bazzar.hr.

The ranking of Croatian companies

39. Bazzar.hr (Follow me d.o.o.) Media and entertainment 2821%
149. Q Software Software 927%
247. AG04 Innovative Solutions Software 551%
313. Microblink d.o.o. Software 403%
372. Arbona Software 297%
378. IPS d.o.o. Software 289%
381. Infinum d.o.o. Software 281%
403. Serengeti d.o.o. Software 251%
464. Lemax d.o.o. Software 186%

The top 10 fastest growing technology companies in the EMEA region

1 Revolut UK Fintech 39754%
2 OakNorth UK Fintech 30706%
3 Cloud & Heat Technologies GmbH DE Environmental protection 21474%
4 DivideBuy UK Fintech 19572%
5 FINEWAY DE Software 16594%
6 Hazelight Studios AB SW Media & Entertainment 14144%
7 WOLT ENTERPRISES OY FI Software 10381%
8 PRIMA ASSICURAZIONI SPA IT Fintech 9392%
9 Electric Mobility Concepts GmbH (emmy-sharing) DE Environmental protection 9303%
10 Flightgift / Hotelgift NL Software 7628%

By country

The United Kingdom, with 98, has the highest list of the 500 fastest growing technology companies in the EMEA region, while the second is the Netherlands with 70 companies, followed by others from Germany, Sweden, Belgium, Finland and Portugal.

UK 98
The Netherlands 70
Germany 47
Sweden 46
Belgium 35
Finland 34
Portugal 31
Czech Republic 24
ROI 23
Turkey 21

For more on Croatian companies, products and services, follow Made in Croatia.

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