Scottish Young Edge winners HubSolv ranked 33rd in UK’s top tech list
Technology directors gathered from across the UK last week on November 7th for the Deloitte Technology Fast 50 awards ceremony in London; one of the UK’s foremost technology awards programmes. The directors from Glasgow-based firm HubSolv Limited, Fraser Hamilton and Lewis Black, were among the guests, following Deloitte’s recognition of HubSolv as one of the top 50 fastest-growing technology companies in the UK.
HubSolv was one of the three Scottish firms to have made it to the influential list and ranked 33rd in the prestigious Technology Fast 50. The rankings are based on percentage revenue growth over the last four years, and HubSolv has experienced 1,058% growth.
The team at HubSolv have come a long way since its foundation only five years ago, when they designed their specialised software for the niche industry of personal insolvency. In 2015, the firm won a Scottish Young EDGE award – a grant prize that recognises the most promising firms and businesses with directors under the age of 30. The following years saw the Glasgow team further developing tech solutions and extending their product portfolio, growing their client base and tripling their workforce.
“We’re thrilled to have ranked 33rd in the UK Technology Fast 50. Since we embarked on this journey back in 2014, we have strived to innovate and evolve our product offer, which aims to digitise processes for the industry. Deloitte’s ranking is a recognition of our achievements and denotes HubSolv’s accelerated growth as we concurrently progress with our software solutions.”Fraser Hamilton, co-founder at Hubsolv
The Deloitte Technology Fast 50 awards came back in its twenty-second year. This year, the competition saw fintech businesses comprising 30% of the winners and fintech companies dominating the top three places. Revolut ranked first on the list; while Credit providers OakNorth and Dividebuy achieved second and third place.
“As part of the growing fintech community, it’s been very encouraging for us at HubSolv to see the pace of growth across the sector and a strong performance from fintech businesses, who have managed to thrive in spite of the recent waves of economic uncertainty in the country. These are exciting times for our team; we have promising plans in the pipeline and a talented, high-skilled team in place to support our growth and innovative development. We’re looking forward to seeing what 2020 holds for HubSolv.”Fraser Hamilton, co-founder at Hubsolv