THE FINANCIAL TIMES RANKS INSTANTOR AS THE 2ND FASTEST GROWING FINTECH IN SWEDEN
In only 3 years, the Swedish player achieved:
- Absolute growth of 252%
- 2.8m€ of revenue
- 52.1% of CAGR
Stockholm, Sweden. March 5th, 2019. 7.00 AM CET. For a second consecutive year, Instantor, the Swedish FinTech who makes tough calls easy within credit risk management, made the Financial Times (FT) 1000 Europe´s Fastest Growing Companies 2019 list, advancing from 3rd. to 2nd. place within the FinTech category in Sweden. A total of 19 FinTech players made a list.
Founded in 2010 in Stockholm, Instantor has rapidly expanded across three continents by making use of advanced Machine Learning based technology and a robust international team. Key employees come from major FinTech players like iZettle and Bambora, as from other well-known reputable financial corporations such as UBS, Mastercard and Handelsbanken.
“Our fast-paced growth responds to an immense necessity to assess the creditworthiness of an individual in a revolutionising way, globally. Leading business innovation and a multicultural team that understands the market idiosyncrasies, have been driving factors to be at the forefront of the FinTech landscape,” explains Simon Edström, CEO of Instantor.
In 2018 Instantor was the first FinTech in Sweden to get a license to operate under the PSD2 as an Account Information Service Provider (AISP) from the Financial Swedish Authority (FSA). “PSD2 unlocks endless possibilities for financial organisations and consumers. Instantor is ready to further scale the business in those markets where our AISP license is passported, ASEAN and Latin America, while shaping the future of credit risk management,” finalises Edström.
The FT 1000 Europe´s Fastest Growing Companies 2019 list, compiled with Statista, ranks the organisations with the highest compound annual growth rate revenue (CAGR) between 2014 and 2017. A print issue with the whole list will be published on March 25th, 2019, while the online version can be already seen here. Extract of the FinTech players who made the list is available in the next page of this press release.
|2019 Financial Times Europe´s Fastest Growing Companies in the FinTech sector|
|Name||Country||Absolute Revenue Growth||Revenue CAGR 2014-2017||Revenue 2017 (€m)||Employee Growth 2014-2017||Employees 2017||Founded|
|2||ID Finance Investments||Spain||1227%||136.80%||87||495||534||2012|
|11||Beeks Financial Cloud Group||UK||466%||78.20%||4.7||17||22||2011|
|19||Retail Money Market||UK||173%||39.80%||40.3||149||226||2010|
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Instantor helps organisations understand their customers’ true financial capacity. Instantor’s solutions process transactional data from bank accounts, support financial data aggregation and improve credit risk management. Instantor empowers customers to accurately predict the possibilities of defaulting – making credit risk decisions faster, easier, and fairer for all. With Instantor’s fully digitalised solutions, financial organisations can increase acceptance, reduce risk, and streamline credit risk management. Instantor has 300+ integrated banks in over 25 markets, with 200 clients in Europe, Latin America, and Asia. In April 2018, the Financial Times ranked Instantor as the third fastest growing FinTech in Sweden. Instantor is the first authorised FinTech by the Financial Swedish Authority (FSA) to operate as AISP under PSD2. Read more at www.instantor.com.