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Receipt Bank Joins Tech City Future Fifty Programme For High Growth Tech Businesses

22nd Feb 2017
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London, 22 February: Receipt Bank has joined Tech City’s Future Fifty programme, which showcases and supports 50 of the country’s leading growth stage companies. Future Fifty companies have enjoyed phenomenal success since the programme began, demonstrating that the Tech City UK initiative is a real proving ground for the UK’s most talented entrepreneurs and their teams.

  • Future Fifty alumni companies have now created 27,000 jobs and raised almost $4 bn in funding through venture capital and capital markets in the last 36 months
  • New companies reflect explosion of Fintech, e-commerce and marketplaces

Michael Wood, Co-Founder of Receipt Bank said “The increasing automation of bookkeeping and the arrival or real-time accounting are going to affect every business in the world. Receipt Bank has grown rapidly and consistently to become an early leader in these developments but there is a long, long way to go and much still to do.”

Of the 77 companies that have been through the programme since 2014, Future Fifty’s track record now includes:

Five IPOs on the London Stock Exchange, raising $1.5 bn

  • 17 mergers and acquisitions of which 11 in the last year, including SwiftKey (Microsoft), Housetrip (TripAdvisor), One Fine Stay (Accor Group) and Skyscanner (Ctrip)
  • Over $3.8 bn raised in funding, across the 77 companies, including more than $1.5 bn in 2016
  • The companies have created 27,000 jobs around the world, demonstrating the extent to which tech is rapidly creating jobs and wealth throughout the UK
  • A string of alumni companies that are household names including Zoopla and Just Eat.

The 26 companies that join the programme now could soon become household names and active in global markets. Four of the latest intake, including Receipt Bank, are graduates of the Tech City Upscale programme, which is an intensive six-month coaching initiative for early stage companies.

All 26 companies have been identified by a highly experienced and respected judging panel made up of some of the most successful entrepreneurs and investors in UK tech. They believe these companies have the potential to scale rapidly and build significant businesses.

Parveen Dhanda, the programme lead for Future Fifty at Tech City UK, said: “We’re delighted to be working with this year’s intake. Together, they represent the diversity and depth of the UK technology sector. Their passion and talent has seen them do amazing things so far and we look forward to helping them to take the next step.”

Gerard Grech, CEO, Tech City UK, said: “From Fintech to online shopping, telematics to edtech, the Future Fifty companies offer a glimpse into the UK’s digital future. Britain remains one of the best places in the world to start a tech business and we will make sure it remains so. These companies have global ambitions and with the support of the tech community we will do everything we can to help them, so that they can create jobs and opportunities across the UK,  as their successful predecessors have done.”

Greg Clark, Secretary of State for Business, Energy and Industrial Strategy, said: “The UK has a world-renowned tech and digital sector and the value of the Future Fifty programme has been to support the fastest-growing, most pioneering companies in their final push to build mainstream businesses. The fact that so many Future Fifty companies are now household names is testimony that it works.”

“The innovation that we are seeing in all of these young firms is key to the Government’s Modern Industrial Strategy. We recognise that through tech and the digitisation of many aspects of UK business, we can create new opportunities across the city to expand our economy and make it more productive. The companies that join Future Fifty today will be the established businesses and employers of tomorrow.”

The full list of Future Fifty companies is (1 - 26 are new companies, 27 - 50 existing companies):

  1. Azimo (www.azimo.com) is an online international money transfer service that allows people to send money to any internet-connected device in over 190 countries around the world
  2. Blis (www.blis.com) uses location data technology to create audiences for advertisers
  3. Bloom & Wild (www.bloomandwild.com) provides flower delivery through the letterbox
  4. Carwow (www.carwow.co.uk) is the most convenient, stress free way to find and buy a new car.  
  5. ClearScore (www.clearscore.com) is a company that provides free access to credit scores and reports
  6. Condeco Group (www.condecosoftware.com) helps companies manage their meeting and office spaces more effectively
  7. Ebury (www.ebury.com) is a financial services company that helps small and medium enterprises grow internationally with foreign exchange, business lending and cash management solutions
  8. Epos Now (www.eposnow.com) is a point-of-sale software and hardware provider that automates small business banking
  9. Fairsail (www.fairsail.com) provides cloud-based human resources and people management software to mid-sized organizations
  10. Festicket (www.festicket.com) is an online marketplace to discover and book musical festival experiences
  11. Gousto (www.gousto.co.uk) provides innovative recipe boxes with pre-portioned ingredients packaged and delivered to the door each week
  12. Interact (www.interact-intranet.com) provides intranet software and professional services to help companies solve internal communication and collaboration challenges
  13. Kano (www.kano.me) creates computers and coding kits for all ages
  14. LoveCrafts (www.lovecrafts.com) is an online community and marketplace for the crafts sector
  15. My UNiDAYS (www.myunidays.com) connects brands and services to a verified audience of students around the world
  16. Onfido (www.onfido.com) is an identity verification platform that helps over 1,000 companies ensure their customers are who they claim to be
  17. Receipt Bank (www.receipt-bank.com) automates small business bookkeeping
  18. ROLI (www.roli.com) is a music technology company that makes a modular music creation system that opens up new possibilities for musical expression
  19. Tails.com (www.tails.com) is an online pet nutrition service that makes and delivers tailormade food for an individual dog’s unique diet and nutritional needs
  20. Thread (www.thread.com) is an e-commerce company that uses human stylists and machine learning to help men dress well without going shopping
  21. Threads Styling (www.threadsstyling.com) is a company reinventing luxury goods commerce for the Snapchat generation
  22. Spitfire Audio (www.spitfireaudio.com) provides virtual instruments to composers and producers to produce and earn royalties on quality musical samples
  23. SuperAwesome (www.superawesome.tv) powers a kid-safe digital media ecosystem with products that are designed for kids’ data privacy requirements
  24. Swoon Editions (www.swooneditions.com) is an online furniture brand that works directly with suppliers to provide better quality products at a better price than traditional retailers
  25. Trak Global Group (www.trakglobal.co.uk) is a telematics company that uses embedded devices to gather data and manage driver risk
  26. Ve Interactive (www.veinteractive.com) provides software that helps companies with digital advertising and online conversion
  27. Adzuna (www.adzuna.com) is a search engine for jobs ads that lists every job, everywhere
  28. Algomi (www.algomi.com) enables all market participants to securely and intelligently harness data to make valuable financial trading connections
  29. Brandwatch (www.brandwatch.com) is the world’s leading social intelligence company
  30. buddi (www.buddi.com) is a personal emergency response service
  31. Busuu (www.busuu.com) is the world’s largest social network for language learning
  32. Crowdcube (www.crowdcube.com) is a leading investment crowdfunding platform
  33. Deliveroo (www.deliveroo.com) was founded in 2013 to provide the ultimate food delivery experience
  34. FundApps (www.fundapps.co) provides cloud-based regulatory compliance monitoring SaaS to financial institutions
  35. GoCardless (www.gocardeless.com) is the easy way to collect Direct Debit payments
  36. iwoca (www.iwoca.com) offers flexible credit to small businesses across Europe
  37. Just Giving (www.justgiving.com) is the Number 1 platform for online giving in the world
  38. LMAX (www.lmax.com) was established to deliver the benefits of exchange quality execution to both buy-side and sell-side trading institutions
  39. Lost My Name (www.lostmyname.com) is an award-winning independent technology and publishing business
  40. MWR InfoSecurity (www.mwrinfosecurity.com) is an independent cyber security consultancy with research at the heart of what they do
  41. NewVoiceMedia (www.newvoicemedia.com) powers customers connections that transform businesses globally
  42. Performance Horizon (www.performancehorizon.com) is the leading provider of SaaS solutions for digital partner marketing
  43. Qubit (www.qubit.com) empowers businesses to customise and optimise websites in real-time using qualitative and quantitative visitor data
  44. RateSetter (www.ratesetter.com) is one of the largest P2P lending platforms in the UK
  45. scoota (www.scoota.com) is an online advertising technology company that enables advertisers to create, activate, measure and optimise brand campaigns to scale
  46. Space Ape (www.spaceapegames.com) is a gaming company focussed on mid-core games
  47. The Floow (www.thefloow.com) designs the world’s most insightful, feature-rich and cost effective telematic system to make vehicles safer and cheaper for all
  48. TransferWise (www.tranferwise.com) is an international money transfer platform
  49. WorldRemit (www.worldremit.com) lets people send money to friends and family living abroad, using a computer, smartphone or tablet
  50. Yieldify (www.yieldify.com) founded in 2013, helps marketers convert visitors easily
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