Flagstone named one of UK’s fastest-growing technology companies

Solving urgent problems, urgently

At Flagstone, we’re in a hurry. Not to be the biggest, or the fastest, or the most-renowned. We’re in a hurry to solve a pressing problem: £1tn in UK cash currently earns less than 2% interest*.

So much of the UK’s cash is on hold, languishing in low-interest accounts. We want to make it easier to move it, manage it, grow it, and protect it. In short, we want to make action irresistible.

And there’s not a moment to waste. Which brings us to Deloitte’s Technology Fast 50 list.

A prestigious position

We’ve been recognised as the UK’s 42nd fastest-growing technology company in Deloitte’s latest list. This is a testament to our commitment to the problem, but also its scale. Powered by our sense of purpose, and a diverse, exceptional team, we’ll continue to address that problem for savers across the country. And, potentially, grow a bit more in the process.

Capitalising on the cash renaissance

Simon Merchant, Flagstone Co-Founder & CEO, says:

‘Cash is now resurgent – with rates far exceeding inflation. But not everyone is capitalising. For too many, moving money is still too laborious. In a world where the average person makes more decisions every day, the easiest choice is no choice at all.

But Flagstone exists to change that. With the UK’s leading cash deposit platform, we’re making action irresistible – and a place in Deloitte’s Technology Fast 50 list signifies our progress. But the problem persists, and we’ve only just begun. We’re not settling for anything less than a new savings system – where everyone can effortlessly manage, protect, and grow their cash.’

A word from Deloitte

Kiren Asad, lead partner for the Deloitte UK Technology Fast 50 programme, said:

‘We continue to see the resilience of the UK’s technology sector, demonstrated clearly from the impressive growth amongst this year’s Fast 50 winners. Amidst challenging economic conditions, these businesses have navigated their way to growth through tenacity, talent, and innovation in what remains a competitive market.

‘I would like to extend my congratulations to all of the winners. The 50 fastest growing UK technology companies, as ranked by Deloitte, generated £1.93bn in total annual revenues in the year 2023/24. The Deloitte UK Technology Fast 50 recorded an average three-year growth rate of 2,468 per cent.’

*Based on Bank of England Credit Data, February 2024