Luno earns title of fastest-growing technology company in The UK in 2018

Tech5, the annual startup competition organised by TNW and Adyen announced the fastest growing technology company in The UK this year, during an awards dinner, last night, at the Adyen’s UK headquarters.

Attended by Tech5 ambassador Reshma Sohoni (Founder of SeedCamp), the top 10 UK finalists, and members of the press, Tech5 – through TNW and Adyen representatives – revealed that Luno was the UK company with the highest revenue growth.

Luno, a global cryptocurrency wallet and exchange, was founded in 2013 and completed several rounds of funding and recently raised a $9million Series B round to help drive global expansion. Available in over 40 countries across Europe, Africa and Southeast Asia, Luno offers exchange services and allows consumers to buy, store and learn about cryptocurrencies such as Bitcoin and Ethereum.

“It is a real honour for us to be in the list of UK finalists at Tech5, let alone be recognised as the winner against so many great UK start-ups. It really validates the potential of cryptocurrencies for consumers”, said Marcus Swanepoel, Co-founder of Luno. “We have worked exceptionally hard over the last few years and focused on providing the best possible service for our customers, so it is great to see that paying off.”

Luno will now go on to compete against the national Tech5 winners from Germany, The Netherlands, Spain, France and Sweden for the title of “Fastest growing tech company in Europe” – the winner being revealed at TNW Conference 2018, on May 24th.

2018 marks the fifth edition of Tech5 – the European competition which scouts and awards the fastest growing startups by revenue numbers. Over the years, Tech5 has been a launchpad for companies such as Transferwise, Delivery Hero, Cabify, Foodpanda and iZettle. Tech5 alumni finalists raising over €10B in funding altogether over the last five years.

Patrick de Laive, co-founder of TNW:

“It’s amazing to see how many fast-growing companies have been sprouting on European soil. Aside from the ones that made the shortlists, we’ve seen a ton of others that had significant revenues and still continue to grow. As Europeans involved in technology, we should be proud of these highly successful startups. The Tech5 competition is here to celebrate those young companies and reveal them to a larger audience.”

Myles Dawson, UK Country Manager of Adyen:

“The UK has a long and proud history of innovation, so we are proud to be part of a thriving startup scene here. Congratulations to the team at Luno, it is a well-deserved win. As a startup, Adyen knows the trials and challenges that these businesses face so we are delighted to be able to support them in their growth and offer any advice and assistance we can in helping them achieve success. I am looking forward to seeing this year’s winners at TNW Europe and good luck to Luno in the final round.”

The UK’s top 10 2018 finalists (in descending order by revenue growth):

Luno

Trouva

Elder

Moteefe

Papier

Beamery

Monese

Pivotal iQ

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