Wayflyer takes top spot in Deloitte 2024 Technology Fast 50 awards
- Ranking of Ireland’s 50 fastest-growing technology companies is based on revenue growth over a four-year period
- Minimum growth rate to rank was the highest it has been in the programme’s 25-year history
- This year celebrates 25 years of this awards programme and indigenous tech talent in Ireland
Wayflyer is the fastest growing technology company in this year’s Deloitte Technology Fast 50 Awards. Wayflyer provides financing to consumer brands and became the sixth company in Ireland to achieve unicorn status in 2022.
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.
This year also celebrates 25 years of the programme that promotes innovation and entrepreneurship in Ireland’s indigenous technology sector.
Reacting to the win, Aidan Corbett, CEO and Co-Founder, Wayflyer said:
“Taking the top spot at Deloitte’s Fast 50 ranking is an incredibly proud moment for the team at Wayflyer. This recognition reflects the work we have put in since 2019 to provide funding to consumer brands, helping them solve problems that constrain their growth. The truth is, we're only just getting started.
"A special thanks to the team at Deloitte for continuing to champion entrepreneurship across the Irish tech scene for these last 25 years."
Cumulatively, the 2024 Fast 50 winners generated €1.4 billion in total annual revenues. The average growth rate of the companies compared to four years ago was 572% and this year, the minimum growth rate to rank was the highest it has been in the programme’s 25-year history.
The 50 companies employ over 6,000 people and 11 of the 50 ranked companies were first time winners.
Announcing the winners of the programme, James Toomey, partner and Fast 50 lead, Deloitte said:
While Ireland has solidified its reputation as a global hub for technological excellence, the true highlight has been the remarkable growth of homegrown tech talent. Over the past 25 years the Fast 50 programme has been at the heart of this story, championing the innovation and ambition of indigenous tech companies in Ireland.
As we mark a milestone tonight with the 25th anniversary of the Fast 50 programme, I want to congratulate this year’s top ranked company – a pioneer who is one of the country’s first tech unicorns. Wayflyer’s achievement highlights the importance of local companies driving Direct Domestic Investment and proving their prowess on a global stage.
The Fast 50 rankings are a badge of honour, offering trusted recognition based on four years of revenue growth. This credibility distinguishes the programme, and not only identifies the tech leaders of tomorrow, but signals their readiness to scale globally. Congratulations to all the companies and individuals whose hard work and innovation have earned them a well-deserved place on this year's Fast 50 ranking - your achievements set the standard for excellence in tech.
In addition to announcing the ranking of the Fast 50 companies, the Deloitte Technology Fast 50 awards included several award categories.
The winners of the awards this year were:
Award |
Winner |
Growing new technology in association with Google This award recognises a company that has created or introduced a new or innovative product or service to international markets, which helped grow their business over the last four years. |
Alchemy |
Advocate for Women in Tech in association with NetSuite This award recognises an individual who has demonstrated through their actions that they are an advocate for increasing participation by the promotion of women in the technology sector. |
Louella Morton, CEO and Co-Founder, TestReach |
Impact Award in association with Meta This award recognises a company that has made a significant impact within the current year. |
Catagen |
Scale Up Award in association with Scale Ireland This award recognises a company that has demonstrated an impressive ability to scale up/expand overseas over the last four years. |
Kneat |
Financial Services Innovation Award in association with Financial Services Ireland This award recognises a company with an innovative product or services that is having a disruptive impact within the financial services industry. |
MCO (MyComplianceOffice) |
Rising Star Award in association with Enterprise Ireland This award is given to a company who demonstrates a promising growth trajectory and the potential for inclusion in the Fast 50 rankings in years to come. Companies being considered for this award have operating revenues accounting for a minimum of two years and less than four years. |
Klearcom |
Alumni Award This award recognises a company that has played a major part in the Fast 50 programme. |
Ocuco |
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.
Ends
Notes to editors
The Deloitte Technology Fast 50 Ranking 2024
Wayflyer |
1 |
Fibrus |
2 |
Tines |
3 |
Buymedia |
4 |
CATAGEN |
5 |
Mail Metrics |
6 |
Syndeo |
7 |
HALO |
8 |
Clear Strategy |
9 |
Lifting365 |
10 |
EdgeTier |
11 |
Circit |
12 |
GRID Finance |
13 |
Ekco |
14 |
Swoop |
15 |
CR Payroll Solutions |
16 |
Core Optimisation |
17 |
Locate a Locum |
18 |
Kneat |
19 |
Barclay Communications |
20 |
Aerlytix |
21 |
Sim Local |
22 |
ICS Medical Devices |
23 |
MEG |
24 |
Brightflag |
25 |
SciLeads |
26 |
AccountsIQ |
27 |
Nutritics |
28 |
Bright |
29 |
Reitigh Software Limited |
30 |
TEKenable |
31 |
Alchemy |
32 |
CleverCards |
33 |
OneTouch Health |
34 |
MyComplianceOffice |
35 |
Keelvar |
36 |
SynergySuite |
37 |
EPIC Conjoint |
38 |
Plotbox |
39 |
Phorest |
40 |
Spectrum.Life |
41 |
Siren |
42 |
T-Pro |
43 |
Regional Broadband |
44 |
Zartis |
45 |
TestReach |
46 |
Nostra |
47 |
Zenotec |
48 |
Evad Technology Group |
49 |
Totalmobile |
50 |
Fast 50 awards criteria:
1. The company must have accounts covering a minimum of four years (i.e. four full twelve-month financial periods).
2. The company must be considered a technology company which, for this purpose, is defined as a company that meets at least one of the following four criteria:
- Owns proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues;
- Manufactures a technology related product;
- Devotes a significant proportion of operating revenues to research and development of technology;
- Is technology intensive or uses its own unique technology to solve problems.
3. The parent company must be Irish-owned and have its headquarters in Ireland.
4. The company must not be a subsidiary of a larger group.
5. The company must have base-year (year 1) operating revenues of €50,000 (£43,000) or more and a current year (year 4) operating revenue of at least €1,000,000 (£859,900).
NB: the accounts for the base-year must have an accounting period ending between 1 June 2020 and 31 May 2021; and the accounts for the most recent financial year must have an accounting period ending between 1 June 2023 and 31 May 2024.
6. All submissions must be accompanied by signed accounts for the first and last financial year being measured in the competition.
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