We’ve got some pretty exciting news to share. Yoti has been included for the 2nd year in a row in The Sunday Times 100 Tech list, Britain’s fastest-growing private technology companies, coming in at number 47.
The Sunday Times 100 Tech ranks tech businesses by measuring their compound annual growth rate over the past 3 financial years.
How do they decide who makes the list?
As well as measuring revenue growth, The Times also requires companies to be independent, unquoted and privately owned, with a UK headquarters, owning its own proprietary technology and with revenue in excess of £5m.
As a company grows its absolute revenue, the percentage growth rate tends to reduce. It’s easy to grow by a high percentage from a low base. This makes inclusion in the list two years in a row extra special.
It demonstrates sustained growth, which can only come about from the Yoti team taking a long-term view, investing in our own intellectual property (IP), building market leading solutions, focusing on brand integrity, working with some of the world’s biggest brands – and helping digital identity move into the mainstream.
Why does this matter?
Being featured two years running is a sign that Yoti is building an increasingly useful and valuable identity and age platform. Our growth provides strong evidence that there’s a growing global demand for safer, more trustworthy ways to allow people to prove who they are or how old they are, to businesses or government departments, both online and in the real world. This demand is only going to grow as both society and regulators demand greater online safety and security, especially for young people.
Yoti’s growth and profitability is also a massive credit to the Yoti team. Yoti today looks very different to Yoti a few years ago, and that’s down to a global team that cares deeply about the impact of what we do.
A final note
Like Robin, Yoti’s CEO, this is also my second business to be ranked two years running in the UK’s top 100 fastest-growing companies. We’re now in phase 3 of Yoti’s development. Phase 1 was about building a market-competitive identity platform. Phase 2 focused on monetising this platform – generating revenue by selling Yoti’s leading solutions to some of the world’s best-known brands and managing costs, with the key objective of achieving profitability. Phase 3 is where we are today: leveraging our leading and constantly evolving solutions to drive increasing profitability and to establish Yoti as a global leader in identity. In doing so, we can help make the world a slightly safer and more secure place, for the benefit of our customers, employees, shareholders and end users.
– Hugh, COO & CFO
