Central Europe saw companies achieve the highest ever average growth rate featured in the freshly released Deloitte Technology Fast 50 Central Europe program during the whole of its 23-year history. The program, which is now in its 24th year, ranks the 50 fastest-growing public or private technology companies. AIN.Capital shares key figures of the report.
General overview
- This year’s report saw a record average company growth of 1502% in the top 50 ranking.
- The number includes such industry segments like software (31 featured company), fintech (4), hardware (4), media & entertainment (4), environment technology (4), and healthcare and life sciences (3).
- Poland and Czech Republic tie in for the first spot with 18 companies featured. Croatia is in the top three with 5 companies, followed by Slovakia — 4, Romania — 3, Bulgaria and Serbia — 1.
The winners
- The highest growing company, Czech fintech FTMO, experienced a 5815% growth this year, becoming a three-time winner of the CE Technology Fast 50 ranking.
- Another Czech business, CityZen, took the second place. The natural textile manufacturer achieved a 5160% revenue growth.
- The Polish fintech company, Paypo, reached the third place with 3305% growth.
The rest of the list looks like this:
Criteria
Companies eligible for the report must have base-year operating revenues of €50,000 in 2019, 2020, 2021 and a current year operating revenue (2022) of at least €100,000, and have headquarters in selected CE countries: Albania, Bulgaria, Bosnia & Herzegovina, Croatia, the Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, North Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia, or Slovenia.
