In the 23rd edition of Deloitte’s competition of the 50 fastest-growing technology companies in Central Europe (CE), the winner was Czech company FTMO, a two-time winner of the CE Technology Fast 50, which is an educational platform for financial traders founded in 2013. In the last edition of the Technology Fast 50, it was highlighted how the average rate of growth among the featured companies stood at 2 278%, which was the highest growth in the report’s history. And in this edition, that average was shown to stand at 2 351%, which sets a new record in the 23rd edition of the ranking. Additionally, a brand-new category, the CE Tech Rocketship, is introduced for 2022. This category marks out those companies that have developed scalable solutions of the highest quality with the potential to satisfy the most demanding customers. Companies were ranked based on revenue growth over four years (2018 to 2021).
The Deloitte Technology Fast 50 in Central Europe is a program that ranks innovative, high-growth, and young companies in this part of Europe. The program, which is now in its 23rd year, ranks among the 50 fastest-growing public or private technology companies. Companies must have base-year operating revenues of €50,000 in 2018, 2019, and 2020 and a current-year operating revenue (2021) of at least €100,000.
Fifteen Croatian companies have been included in the list – eight of them in the main category, four in the ‘Companies to Watch’ category, and three in the ‘Impact Stars’ category.
Aircash the first Croatian fintech to launch its own mobile wallet achieved the best placement with a growth of 5998 % and 4th place. Aircash is the first Croatian fintech to launch its own mobile wallet. So far, mobile applications (apps) allow you to replace your physical wallet with your mobile phone. Aircash is not a bank but a new type of financial institution. The Croatian National Bank (CNB/HNB) has now also granted it a full EU license for electronic money.
DEVOT SOLUTIONS, a software development company, was placed 19th with a growth of 1545 %. The story of Devōt started with a few people who worked together long before the idea of Devōt. Sharing the same approach and values, the core team grew organically, evolving into a successful software company.
Netgen was ranked 28th with a growth of 1113 %. Netgen is now firmly established in the implementation of web and digital solutions that are developed relying on modern methodologies and open-source technologies. Netgen’s services include research, user experience (UX) evaluation, full-scale design, technical implementation, expert consultancy and continuous growth support of digital products.
Uprise was placed 35th with a growth of 939 %. The core of Uprise activities is software engineering, mostly for the energy and fintech sectors. The company’s agile crew with great team dynamics and tackles both B2B and B2C projects equally well. The successful startup has clients all across Europe.
CircuitMess was ranked 40th with a growth of 790 %. This particularly interesting startup is probably the first company in Croatia and the wider region to receive a global license that allows them to market their products worldwide as they received a global license from the American entertainment giant Warner Bros for their product; STEM toy Batmobile.
Amplifico (Parklio), a startup introducing the future of parking, ranked 41st with a growth of 1076 %. This startup helps make parking secure and connected, with a single click customers can control their parking place, share it with others, and more.
ASYNC LABS, a full-service digital agency, was ranked 42nd with a growth of 747%. A startup with a passion for providing high-level innovative IT solutions.
Cinnamon was ranked 46th with a growth of 649 %. Cinnamon was founded in 2014 by three college friends with a shared vision of making life better for people, companies, and communities. Bringing together expertise in entrepreneurship, technology, and design, our Head of Design, Mateja Bartolović, CEO Ivan Kovač, and Managing Partner Mladen Šimić set about building an agency that empowers clients through digital solutions.
Another category in which 4 Croatian startups were included is the ‘Companies to Watch’ category.
Firefly was ranked 7th in the ‘Companies to Watch’ category with a growth of 1227 %.
Identity Consortium was ranked 12th in the ‘Companies to Watch’ category with a growth of 838 %.
Brightdock was ranked 20th in the ‘Companies to Watch’ category with a growth of 319 %.
Hivetech was ranked 22nd in the ‘Companies to Watch’ category with a growth of 292 %.
Additionally, three Croatian companies were mentioned in the ‘Impact Stars’ category and they are as follows: Notch, Robotiq.ai, and AXILIS.