Latvia represented at the very top of the Financial Times fastest growing European companies rating
The Latvia-based financial technology company Sun Finance has been ranked 2nd in the prestigious business media Financial Times ranking, which lists the TOP 1000 fastest growing European companies. Thus, for the first time in history, a company from Latvia has reached a top fifty position.
The ranking, published annually by the prestigious British business newspaper Financial Times, includes the 1000 fastest growing companies in Europe, which have been able to organically show the largest increase in total revenue over the last four years. During the period considered, Sun Finance’s revenue increased by approximately 619x or 61837,8%.
“We are extremely pleased to be recognised at such a high level, especially given the size of the European business landscape and thousands of innovative and successful companies across industries. Since the company’s inception, we have always thought on a global scale, as evidenced by the rapid growth from 3 employees to a team of 750+ people across 7 countries and the achieved revenue of over 100 million euros in our fourth year of operations. Being noticed on the international business stage is the result of always being flexible to adjust our growth strategy while keeping collaboration and teamwork at the top of our priorities. I would like to take this opportunity to express my sincere gratitude to my partner Emīls Latkovskis and the entire Sun Finance team for this great achievement,” says Toms Jurjevs, Founder and CEO of Sun Finance.
So far only one company from the Baltic States has managed to reach the top 50 of the fastest-growing companies list. In 2019 and 2020, the well-known Estonian technology company Bolt ranked 3rd and are positioned 16th this year, while none of Latvian and Lithuanian companies had yet reached the top of the rating until now. This gives Sun Finance the all-time highest-ranking achievement among all the Baltic states, with the 2nd place, on which Jurjevs comments: “We are proud to represent not only Sun Finance, but also be another contributor to put Latvia’s name on the global map of business world. We hope that the example of Sun Finance will inspire other Latvian companies, as well as draw the attention of global investors to our country.”
In order to enter the rating, a company’s revenue in the first year of operation had to be above 100,000 euros. Revenue growth has to be mainly organic, while the company’s headquarters had to be located in Europe. Companies that met these criteria were eligible for the FT 1000 list.
The list is compiled in cooperation with the market research company Statista. The rating focuses on financial indicators of the specific period.
The Financial Times list of Europe’s fastest growing companies can be found here: https://on.ft.com/3q7KzGe
About Sun Finance Group
Sun Finance Group is a financial technology company operating in seven countries, three continents, with headquarters located in Riga, Latvia. Sun Finance Group has more than 4.3 million registered customers and more than EUR 800 million in issued loans. Company operates as an online and mobile lending platform. Company was established by the founder Toms Jurjevs and co-founder Emils Latkovskis.