It gives us great pleasure to announce that, for the third year running, we have been named as one of the UK’s fastest growing technology companies in the 2016 Deloitte Technology Fast 50.
We are also the only FinTech firm to make the list in each of the last three years, based on revenue growth, of 336% from £13 million in 2012 to £56.7 million in 2015.
Our saving and investing technology is used by close to 20% of all UK financial advisers and by approximately two million consumers, who have embraced our ideology of making investing easier with effective FinTech solutions.
We are administrators of more than £52 billion of clients’ investments, ensuring we always seek the most robust, technology enabled, solutions for our clients. We partner with some world’s largest fund managers, including UBS Asset Management, Goldman Sachs, Allianz, Columbia Threadneedle, Schroders, SEI, Close Brothers and 7IM and have pioneered our strategy for Advanced Diversification in our True Potential Portfolios.
The award completes an excellent year for True Potential, in which we:
- saw £4 billion invested so far in our own range of 10 investment portfolios, whereby clients have access to 120,000 holdings, 17 asset classes and 28 sub-asset classes
- attracted significant investment from US private equity firm FTV Capital, taking a minority share in True Potential in January; and
- increased the volume of assets on our investment platform to £4.6 billion.
We also continue to break new ground with our micro-investing solution, impulseSave® as our world-first investment top-up technology is on course to see £60m of new money invested by the end of 2016.
Neil Johnson, Senior Partner at True Potential, said: “Making it into the prestigious Deloitte Fast 50 for three years in a row is an outstanding achievement. I put our success down to the way we do business because we remain very entrepreneurial and nimble.
“Sooner or later in business, you have to turn an idea into a profit and sadly some FinTech firms fall at that hurdle. I am incredibly proud of the team and that we are the only firm to make it into the Technology Fast 50 for three years running. This underlines that being profitable and growing revenues consistently is a huge challenge but if you have the right skills and the best products, it is achievable.”
Matthew Hughes, Deloitte Technology Partner for the North East, commented: “Because the Deloitte Technology Fast 50 measures sustained revenue growth over four years, being one of the 50 fastest growing technology companies in the UK is an impressive achievement. True Potential deserves a lot of credit for its remarkable growth.”
We’re incredibly grateful for this accolade, which has been the product of hard work and our ability to behave dynamically as a business. We take a forward-looking view, leading with innovation, and we continue to seek to outperform ourselves, year on year.
With investing, your capital is at risk. Investments can fluctuate in value and you may get back less than you invest. Past performance is not a guide to future performance. Tax rules can change at any time. This blog is not personal financial advice.