Lending Works ranks 21st in the Sunday Times Hiscox Tech Track 100
As a platform, we take great pride in all that we've achieved since opening our doors for business nearly six years ago. We’ve facilitated almost £200m in loans (with £80m forecast for 2019 alone), expanded our team to 42 employees, and served more than 30,000 satisfied customers. We've also developed a product range which offers investors invaluable flexibility, coupled with a world-class customer experience powered by our innovative tech team.
Yet it is always especially rewarding to receive external recognition for our efforts, and this week we're honoured to announce that we have been ranked at No. 21 in the prestigious Sunday Times Hiscox Tech Track 100.
Now in its 19th year, the Tech Track 100 ranks the top 100 private tech companies in the country, with the key metric being sales growth over the preceding three years. This league table is collated by Fast Track based on nominations received, and is published in The Sunday Times each September, with an awards dinner in November.
In 2019, Lending Works takes its place among some esteemed tech brands on the list, off the back of a three-year period which has yielded growth of almost 350 per cent. It thus firmly underlines our reputation as a leading digital innovator that has delivered exponential and sustained growth.
A year to remember
It rounds off an impressive haul of accolades over the past 12 months, which has seen the company earn a place in the Deloitte UK Technology Fast 50, and also retain our title as 'Best P2P Platform for Investors' at the Moneywise Customer Service Awards for a fourth year in a row.
It is no coincidence that these successes are reflected by some exciting new initiatives we've brought to market recently. Chief among these are new partnerships, an expansion into retail finance, and a fundamental shift in our product mix, which now offers lenders the choice between our Flexible and Growth products. And, with a number of other dynamic projects in the pipeline, we're excited by the fact that our best days very much lie ahead.
But, for now, we're cherishing our inclusion in the Sunday Times Hiscox Tech Track 100, and our CEO Nick Harding was visibly delighted at adding this particular milestone to Lending Works' collection.
"It's a special accomplishment for us to have not only made the cut for the Tech Track 100 for the first time, but also to have ranked so highly on the list," he commented. "This table is the preserve of the UK's most distinguished tech brands, and our presence among them bears testament to the remarkable strides we've made over the past couple of years. I couldn't be prouder of my team, and all the hard work they have put in – they really do deserve all the credit.
"It would also be remiss not to extend a big thank you to our customers, without whom the growth and success we've enjoyed would not be possible. Our unshakeable determination to prioritise our lenders and borrowers in everything we do has enabled us to get to this point, and providing the best possible experience to our customers will continue to underpin our plans for the future.
"Today marks another great feather in our cap, and we look forward to notching up many more as we rapidly ramp up our growth plans for 2020 and beyond."
Our website offers information about saving, investing, tax and other financial matters, but not personal advice. If you're not sure whether peer-to-peer lending is right for you, please seek independent financial advice, and if you decide to invest with Lending Works, please read our Key Lender Information PDF first.
Related articles
- Summary of a post.
- Summary of a post.
- Summary of a post.
- Summary of a post.
In line with our risk management framework, today we published our Q4 2019 performance update.
As a platform, we take great pride in all that we've achieved since opening our doors for business nearly six years ago. We’ve
Featured
Wednesday’s Budget speech, coupled with the cut to Bank of England rates, represented a decisive response to the coronavirus. Here we analyse the impact it will have on mitigating disruption from Covid-19, along with the long-term implications of this significant fiscal stimulus.
Rumblings from the Treasury ahead of next week's Budget suggest tax grabs will be needed to fund increased spending, and it appears UK enterprise could be in the firing line. Here we articulate why targeting entrepreneurs and small business is ill advised.
In a difficult climate, customer acquisition and lead generation present stern challenges for UK retailers, and a great deal of marketing spend invariably gets directed towards getting feet through the door.
There is a variety of literature and research illustrating the importance of building brand loyalty, albeit with some degree of variance.
Over the last decade, there can be little dispute that the reputation of mainstream banks – and particularly the so-called ‘Big Four’ (HSBC, Barclays, Lloyds and RBS) – is at its lowest ebb.
The idea of peer-to-peer (P2P) lending is a simple one; you lend money to those who wish to borrow, with a view to receiving a great return for doing so.
Most popular
- Summary of a post.
The 2019-20 ISA season has been a damp squib, with banks disinterested in attracting savers’ cash, rates cut, and the stock market in freefall. However, the emergence of the IFISA means alternatives beckon for those seeking a stable middle ground in terms of risk and reward.
In a decade of slow recovery, the rapid rise in asset prices has been the standout. But how sustainable has price growth been, and could we be in the midst of a bubble?
- Summary of a post.
Most people consider income tax to be a given, but in the UK it is barely two centuries old. In this article, we look at how this tax has developed over the years, and also why it is set to remain at the core of our tax system for many decades to come.
Open banking celebrated its second birthday last month, but has the ‘revolution for financial services’ that was promised actually come to pass? In this article, we look at the progress the initiative has made so far, and what the future holds in the face of high levels of scepticism.
Recent
The Lending Works Shield does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The Lending Works Trustee has absolute discretion as to the amount that may be paid, including making no payment at all. Therefore, investors should not rely on possible pay-outs from the Lending Works Shield when considering whether or how much to invest. For more information click here.