Blue Motor Finance named on the FT1000 Europes Fastest Growing Companies 2018 listing
“Blue have a culture of innovation and continual improvement and this has created a virtuous cycle of growth and development.
SUNDRIDGE, Kent (PRWEB UK) 8 April 2018
The Financial Times has named Blue Motor Finance the 21st fastest growing business in Europe overall and the 2nd fastest growing business in European Fintech.
The FT produces an annual ranking of businesses across 31 countries in Europe. The FT believe that innovative and fast growing companies are the driving force for Europe’s economy in the 21st century, they generate jobs, and sustain Europe’s competitiveness. Exploring and making these performances publicly available is the aim of the FT1000.
Of the 27 financial services and Fintech businesses on the list. Blue ranked 2nd. Blue’s achievement is particularly significant in the context of the UK’s competitive consumer finance market. Blue have been able to achieve this by having one integrated and seamless platform from introducer set up to account management. They offer an app based ecosystem which forms a one stop shop solution to customers which is simple, flexible and fast. The whole operation is low cost, efficient and capable of significant scaling.
Since 2014 Blue has written more than £600m of business and has grown from a start-up into one of the market’s main players, employing 165 people and working with more than 3,700 motor retailers in the UK.
Based on further growth in 2017 and 2018, Blue’s COO Chris Jones is excited about the company’s chances of rising further through the ranks in next year’s FT1000.
“Blue have a culture of innovation and continual improvement and this has created a virtuous cycle of growth and development. We have maintained our growth and have already achieved another two thirds increase on the 2016 figures analysed by the Financial Times, lending over half a billion pounds to over 50,000 customers."
About Blue Motor Finance
Blue is a UK based direct lender that offers introducers a true one-stop-shop platform, giving flexibility to offer a reasonably priced finance package to all customers. Blue have been able to achieve this by having one integrated and seamless platform from introducer set up to account management. They offer an app based ecosystem which is simple, flexible and fast. The whole operation is low cost, efficient and capable of significant scaling.
The Management Team have been involved previously in establishing some of the most successful businesses in the UK financial services industry, from a Challenger Bank to Consumer and Asset Backed Lending.
Blue gives introducers best-in-class service with a focus on technological innovation, risk management and the highest standards of regulatory compliance. This have been recognised by a number of industry awards and accolades in the last 3 years, notably at the European Motor Finance Awards 2016 and 2017, multi award winners at the Car Finance Awards 2016, and double award winners at the Credit Strategy F5 Awards in 2016, holding on to our Best FinTech Lender crown in 2017.
Contact: publicrelations@bluemotorfinance.co.uk
About the FT1000 selection criteria
The FT1000 is the 1,000 companies with the strongest revenue and growth between the years 2013 and 2016.
Innovative and fast growing companies are the driving force for Europe’s economy in the 21st century. They generate jobs, and sustain Europe’s competitiveness. Exploring and making these performances publicly viable is the aim of the FT1000.
Selection criteria for the FT1000: In order to be included in the ranking companies must meet the following criteria:
- Revenue of at least 100,000 Euro’s generated in 2013
- Revenue of at least 1.5m Euro’s generated in 2016
- Be independent *(no subsidiary or branch office of any kind)
- Be headquartered in one of 31 European countries.
Full detail are available here - https://ig.ft.com/ft-1000/2018/