Deloitte publishes Technology Fast 50 ranking. Czech fintech FTMO tops the list

Central Europe saw companies achieve the highest ever average growth rate featured in the freshly released Deloitte Technology Fast 50 Central Europe program during the whole of its 23-year history. The program, which is now in its 24th year, ranks the 50 fastest-growing public or private technology companies. AIN.Capital shares key figures of the report.

General overview

• This year’s report saw a record average company growth of 1502% in the top 50 ranking.
• The number includes such industry segments like software (31 featured company), fintech (4), hardware (4), media & entertainment (4), environment technology (4), and healthcare and life sciences (3).
• Poland and Czech Republic tie in for the first spot with 18 companies featured. Croatia is in the top three with 5 companies, followed by Slovakia — 4, Romania — 3, Bulgaria and Serbia — 1.

The winners

1. The highest growing company, Czech fintech FTMO, experienced a 5815% growth this year, becoming a three-time winner of the CE Technology Fast 50 ranking.
2. Another Czech business, CityZen, took the second place. The natural textile manufacturer achieved a 5160% revenue growth.
3. The Polish fintech company, Paypo, reached the third place with 3305% growth.

The rest of the list looks like this:

Criteria

Companies eligible for the report must have base-year operating revenues of €50,000 in 2019, 2020, 2021 and a current year operating revenue (2022) of at least €100,000, and have headquarters in selected CE countries: Albania, Bulgaria, Bosnia & Herzegovina, Croatia, the Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, North Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, or Slovenia.