Which are the fastest growing companies in Europe? According to the list made by Financial Times in his ranking FT1000 Europe’s Fastest Growing Companieswhich every year is made with Statistathe circular economy takes the cake and is the Finnish swappie the fastest growing company of all Europe from a list of 1,000 companies.
Founded in 2016 by Sami Martinen and Jiri Heinonen. The business idea arose when Sami had an unfortunate online shopping experience: he pre-paid for a second-hand iPhone that he never received. Later, he discovered that many others had also been scammed in the same way. Swappie is a buyer and seller of used iPhones and is currently the fastest growing company in Europe. In 2020 alone, your revenue exceeded 97 million euros.
KiloHealth, a Lithuanian digital healthcare company, ranks second this year with a compound annual growth rate for the period 2017-2020 of 450%. Kilo is followed by OCI Groupa UK-based supply chain procurement business, which increased a CAGR of 409.6% over the same period. onlyfans, the UK-based digital platform best known for selling user-created pornography to subscribers, is in fourth place with a CAGR increase of 393.63%. The top 5 is closed by the German energy company enpal with an annual growth rate of 386.88%.
Three Spanish companies in the TOP 100
Three Spanish companies are among the hundred fastest growing companies on the European continent: carranco in position 37 and with an annual growth of 199.6%, making science, in 67 and with a growth of 159.33%; Y Easo Magno in position 97 and with a growth of 137.67%.
Regarding the rest of the countries, Italy is the one with the most entries on the list, with 235. In second place is Germany with 194, followed by the United Kingdom with 155. Like last year, London is the city with the highest number of fast-growing companies (81), followed by Paris (34) and Milan (33).
The full list can be found at Financial Times.
