TransferMate Ranked 24th in Deloitte Technology Fast 50 2020

TransferMate ranked number 24 in the 2020 Deloitte Technology Fast 50, a ranking of the 50 fastest-growing technology companies in Ireland. Rankings are based on average percentage revenue growth over four years.

In the past year, TransferMate has expanded its global reach and support of international trade by securing six new payments licenses around the world, offering its service to an additional 45 million businesses. This is the third year in a row TransferMate has made the list of fastest-growing technology companies, ranking 26th in 2019 and 46th in 2018.

The Deloitte Technology Fast 50 Awards is one of Ireland’s foremost technology award programmes. It is a ranking of the country's 50 fastest-growing technology companies based on revenue growth over the last four years, and this year marks 21 years of the programme celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.

Cumulatively, the 2020 Fast 50 winners generated approximately €3.3 billion in total annual revenues and employed over 4,600 people in 2019. The average revenue of companies featured in the ranking was approximately €90 million, while the average growth rate of the companies over the last four years was over 400%. Compared with last year, there are 13 new companies on the ranking.

Companies from across three provinces are featured in this year’s awards. 32 companies are Leinster-based, with 11 from Ulster and 8 from Munster*. Overall, 10 counties are represented in the 2020 listing.

Announcing the winners of the Deloitte Technology Fast 50 programme, David Shanahan, Partner, Deloitte said: “Every year at the Fast 50 Awards, we celebrate the incredible innovation and entrepreneurship displayed by Irish tech companies and the immense contribution they make to our economy. Irish tech companies have truly outdone themselves this year. It is inspiring to see the countless examples of companies who, over the last year, have demonstrated resilience, innovated, adapted and thrived in the face of uncertainty and new challenges.”

“We’re delighted to be supporting and recognising these companies through the Fast 50 Technology Awards programme.  Over the last 21 years, the Fast 50 has become the benchmark of success for Irish tech companies.”

Cork company Everseen ranked number one this year. Founded in Cork in 2007, the company develops computer vision and artificial intelligence solutions for some of the world’s largest retailers.

This year’s awards programme included an inaugural Alumni Award category in addition to the overall ranking. The Alumni Award recognises a company that has played a major part in the Fast 50 Programme to date, having ranked in the number one spot for three consecutive years from 2015 to 2017. This year’s Alumni Award winner is Tommy Kelly, CEO of eShopWorld, a global commerce partner to many of the world’s most iconic retail brands that was launched in Dublin in 2010. 

This blog posts contains content contributed and written by Deloitte Ireland.