The three Scottish tech firms with spectacular growth rates named in Deloitte’s Fast 50 rankings
“For nearly three decades, the Fast 50 has highlighted rapidly growing and innovative technology companies across the UK” – Claire Robb, Deloitte
Three Scottish firms have been named among the 50 fastest-growing technology companies in the UK with an Edinburgh business making it into the top ten.
Deloitte’s UK Technology Fast 50 awards recognise and rank the fastest-growing tech outfits in the UK based on average revenue growth over a three-year period, and are sponsored by Citi, Oracle NetSuite, Erevena, Binderr and Octopus Ventures.
The 2025 winners have a collective average three-year growth rate of 1,905 per cent and generated total revenues of just over £2.4 billion in 2024/25.
Edinburgh-based LendingCrowd came in at ninth place in the latest rankings, with an average revenue growth rate of 2,792 per cent over three years. The business, which facilitates loans for small and medium-sized enterprises (SMEs), has succeeded in placing in the top 50 two years in a row, climbing 16 places since last year.
The firm’s co-founder and chief executive, Stuart Lunn, said: “Being recognised by Deloitte as the fastest-growing technology company in Scotland highlights the continued investment we are making in our platform, people and processes.
“Since LendingCrowd launched in 2014, we have delivered more than £515 million of loan funding to businesses the length and breadth of Britain. This award reflects the trust placed in us by thousands of SMEs - the backbone of the British economy.
“Our mission remains clear - to provide businesses with the funding they need to thrive, powered by cutting-edge technology and a customer-first approach,” he added.
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Clarus Networks, based in Bathgate, claimed 32nd place in the 2025 ranking, with a growth rate of 941 per cent during the three-year period. The business also ranked fourth overall in the Women in Leadership category, which recognises companies within the Technology Fast 50 that are either led by a female CEO or have a woman in their founding team.
Meanwhile, Glasgow-based Utopi, an ESG (environmental, social and governance) tech platform for multi-tenant properties, was placed 46th in the ranking. For the third year running, the firm was among the five businesses named in the CleanTech category, which recognises climate technology companies for their contribution to the UK’s net zero target.
The majority of Fast 50 companies continue to be headquartered in London, with 70 per cent based in the UK capital. The number of companies outside of London remains the same this year.
Claire Robb, a partner at Deloitte, said: “For nearly three decades, the Fast 50 has highlighted rapidly growing and innovative technology companies across the UK. As in previous years, the 2025 cohort has demonstrated exceptional growth, increasing revenue by an average multiple of 20 over the past three years, indicating that the UK tech scale-up sector is continuing to demonstrate remarkable resilience amidst global economic shifts.
“I am really proud to see three homegrown Scottish companies recognised in the 2025 Deloitte UK Technology Fast 50. Their achievements are a testament to the vibrant spirit of the tech sector - creating jobs, driving economic growth and shaping the future for Scotland, the UK, and beyond.”
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