OnBuy named winner in the Deloitte Technology Fast 50 for the THIRD consecutive year!
We're excited to announce that OnBuy has been named one of the UK’s fastest-growing tech companies in Deloitte’s prestigious Technology Fast 50, for the THIRD consecutive year!
Having achieved a remarkable growth rate of 3263% over the last four years, we’re thrilled to have ranked 11th in the list for the second year running, while also securing the title of ‘Fastest-Growing Tech Business in the South West’.
This is a huge win for us, and it clearly demonstrates a consistent benchmark of success to our sellers, customers and potential investors.
Our founder and CEO, Cas Paton, said:
“This is an incredible achievement for me and the OnBuy team. We’ve dedicated so much time, energy and passion into transforming OnBuy from a vision to a marketplace that provides a fairer choice for sellers and a better place to shop for consumers. By rewarding our customers and finding new ways to add value to their shopping experience, we’re continuing to grow from strength to strength.
“When we launched OnBuy, I came up against a lot of industry nay-sayers who felt it was unviable due to the level of competition in the market from the likes of Amazon and other global giants. But sellers and customers are ready for change, and, if anything, we launched at exactly the right time, proven by our outstanding and consistent growth.
“To feature in these prestigious awards for three consecutive years just shows the appetite for a marketplace that does things differently, and proves to those who doubted us in the early years that OnBuy has truly landed and is only going to keep getting bigger and better.”
We've always wanted to set ourselves apart from competitors by refusing to compete with our sellers, offering competitive fees and hands-on support that allows them to flourish.
Not only that, but we’ve also taken a unique approach to rewarding our customers, shunning traditional loyalty schemes with the introduction of our industry-first Cashback model, which allows consumers to earn instant Cashback on everything they buy.
OnBuy Cashback puts the control firmly in the hands of the customer, as it can be redeemed instantly against their next order, saved, or withdrawn to their bank account after 30 days, providing they have a balance of £5 or more.
This exciting initiative was years in the making and is proving disruptive in the industry as we pursue our vision to change eCommerce for the better.
Cas went on to comment:
“We see what enormous multinationals have done right, but also what they’ve done wrong, and we’re using that knowledge to drive our business forward the OnBuy way.”
This Deloitte win comes hot on the heels of our recent announcement that we will begin the first phase of our international roll-out following strategic investment from a Nasdaq-listed global tech firm.
Cas said:
“This year has been a complete transformation for OnBuy. We achieved our first ever profitable month in October and we’re confidently forecasting a profitable quarter, which is huge. We’re in the strongest position we have ever been in, which has allowed us to secure strategic investment from new and existing parties that will help us to ‘scale out’ at pace. We’re also exploring the possibility of opening a small round for external investors, our sellers and customers via crowdfunding.
“We’re setting our sights firmly on the next big goals; driving our UK business to new heights by investing in our technology and scaling. We also expect to generate significant additional growth as we plan to launch our first overseas websites in 2024, which is very exciting!”
He continued:
“This win pays great testament to all the hard work that the OnBuy team has put into realising our strategy as we begin the next stage in our journey. We are truly disrupting the industry, and I’m grateful to every investor, seller and customer who has supported us over the past few years with unwavering belief in OnBuy’s vision.”