Andrea Reynolds Swoops in to Takes Top Spot in the Deloitte 2023 Technology Fast 50 awards
1st December 2023
Swoop is the fastest growing technology company in this year’s Deloitte Technology Fast 50 Awards, having risen to first place after placing fourth in last year’s ranking.
Swoop is a global platform supporting businesses by bringing their data into one place to garner insights and be instantly matched to eligible finance, as well as assess their spend on cost categories such as energy, banking and FX.
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 a four-year period, and this year marks 24 years of the programme celebrating innovation and entrepreneurship in Ireland’s indigenous technology sector.
Reacting to the win, Andrea Reynolds, founder and CEO, Swoop said: “Swoop’s triumph in the Deloitte Technology Fast 50 ranking is a testament to our unwavering mission to provide every business access to finance, wherever and whoever they are.
This award is not just recognition; it’s a reflection of our team’s relentless spirit and determination to democratise finance.
Our incredible growth since 2018 is a marker of our efficient and sustainable approach, with capital efficiency at the heart of all our decisions. Partnering with industry leaders like Sage, Microsoft, NatWest, and Lloyds has fortified our journey. As we celebrate this achievement, our focus remains forward, dedicated to continued growth in 2024 and beyond.
Swoop is not just winning awards; we’re pioneering change in the world of business finance.”
Announcing the winners of the Deloitte Technology Fast 50 programme, James Toomey, partner and Fast 50 lead, Deloitte said: “Congratulations to all the companies that ranked this year. The Fast 50 awards are an important and exciting moment for Ireland’s indigenous tech industry to reflect on the growth and challenges they have experienced over the past year.
Even though this has been a difficult year for tech companies, there are encouraging indicators in these rankings that show the strength of Ireland’s indigenous sector and that our homegrown talent continues to play an important role in building the future of technology.
Supporting this ecosystem is not just an investment in innovation, it’s an investment in our collective progress, and networks like Fast 50 are an ideal opportunity to connect and learn from other companies.
He added, “The majority of the Fast 50 companies have grown their workforce and more than one in five of the companies ranked are new entrants, showing a continued growth in the tech sector and the outreach of Fast 50. M&A is also high on a lot of our Fast 50’s agendas which is supporting them to scale by either taking on investment or acquiring strategic bolt-ons.”
The winners of the awards this year were:
•Growing New Technology Award in association with Google– Winner: Brightflag
•Impact Award in association with Meta – Winner: XOCEAN
•Scale up award in association with Scale Ireland – Winner: Siren
•Advocate for Women in Technology – Winner: Laura Haldane, Co-Founder and VP of Sales and Marketing, SciLeads
•Rising Star Award in association with Enterprise Ireland – Winner: Green Rebel
•Financial Services Innovation Award in association with Financial Services Ireland – Winner: ID-Pal
•Alumni Award – Winner: Fenergo
The Deloitte Technology Fast 50 ranking features both private and public listed technology companies that have demonstrated innovative strategies, sound management practices and marketplace vision, driving them to achieve the status of high-growth leaders. Full details on the winners can be found at www.fast50.ie.
Pictured at the awards are Andrea Reynolds, CEO, Swoop and James Toomey, partner and Fast 50 lead, Deloitte. Picture Jason Clarke