The awards recognise and rank the 50 fastest-growing technology companies 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 Fast 50 winners have a collective average three-year growth rate of 1,905% and generated total revenues of £2.41 billion in 2024/25.

Edinburgh-based LendingCrowd came in at ninth place in the 2025 rankings, with an average revenue growth of 2,792% 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 an impressive 16 places since last year.

LendingCrowd founder and CEO, 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 £515m 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 – and we thank Deloitte for this accolade.

“Our mission remains clear – to provide businesses with the funding they need to thrive, powered by cutting-edge technology and a customer-first approach.”

Meanwhile, Clarus Networks, based in Bathgate, claimed 32nd place in the ranking, with a growth rate of 941% 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.

Glasgow-based Utopi Ltd, an ESG technology platform for multi-tenant real estate, placed 46th in the ranking. For the third year running, Utopi Ltd was among the five businesses recognised in the CleanTech category, which recognises climate technology companies for their contribution to the UK’s net zero target.

Claire Robb, Partner, 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.”

London continues to dominate the rankings

The majority of Fast 50 companies continue to be headquartered in London, with 70% based in the capital. The number of companies outside of London remains the same this year.

Kiren Asad, lead partner for the Deloitte UK Technology Fast 50 programme, said: “The distribution of Fast 50 companies reflects the broader challenges of scaling outside of London and the South East. To unlock the full potential of the UK’s tech ecosystem, greater regional support - including funding, infrastructure and talent development, will play a crucial role in enabling more companies nationwide to scale”.

Shifting focus: US most attractive for expansion

The ranking coincides with a new Deloitte survey of UK tech company CEOs, highlighting their international expansion strategies.

The survey found that the US continues to be the dominant global market target, cited by 61% of respondents (compared to 62% in 2024). Europe’s attraction dipped from 53% in 2024, to 47% this year, with the Middle East moving from 32% in 2024, to 22% this year.

More companies are also prioritising domestic consolidation over cross-border growth – from 8% in 2024, to 12% in 2025.

Keynote speaker at the Fast 50 awards, Alex Depledge MBE, the Chancellor of the Exchequer’s Entrepreneurship Adviser, said: “What I love about the Deloitte Fast 50 is that it celebrates the brave ones - the founders who take an idea, back themselves, and build something brilliant.

“These businesses aren’t just growing fast; they’re fuelling jobs, innovation, and energy across the UK. That’s why it’s so important we keep this country the best place to start and scale a business. Huge congratulations to all the winners - they’re proof of what happens when ambition meets action.”