The Sunday Times Hiscox Tech Track 100 has ranked mobile payments and messaging company Fonix at number 28 in its annual business report, a rise of six places from the company’s 2015 ranking at 34. Meanwhile, ImpulsePay has once again been listed as the leading mobile payments provider in the same list. The company, that provides specialist mobile payment solutions for a range of industries, including publishers and the charity sector, was listed as the 12th fastest growing technology business in the UK.
The Tech Track, an independently ranked list of the UK’s fastest growing technology companies based on size, turnover and profit, is researched by Fast Track. The full table of the fastest growing privately owned UK technology companies was announced in the Sunday Times at the weekend.
Launched in 2014, Fonix’s carrier billing platform processes more than 400,000 transactions every day, and has handled in excess of £95m of consumer payments in the past 12 months. Its customers are principally in media, entertainment and digital commerce industries and include Channel 5, Comic Relief, Powwowwnow and Daily Mail Group.
In November 2015 Fonix launched Zensend, a two-way SMS platform with direct connections to every UK mobile operator. Via a simple API, Zensend provides developers and businesses with the ability to add messaging functionality to apps and platforms worldwide.
Commenting on the announcement, Rob Weisz says: “Advancing our Tech Track position by six places to 28th marks a phenomenal year for Fonix and Zensend, our technology and staff who form the cornerstone of this success. The company’s growth also reflects an accelerating appetite for simple carrier billing – and on the A2P messaging side, a growing understanding of how SMS improves consumer engagement and is the most trusted channel for everyday functions like two-factor authentication.”
With over seven years experience, ImpulsePay is considered to be one of the pioneers of the Charge to Mobile sector and has recently developed specific, targeted solutions that allow previously underserved sectors to access the power of mobile payments. The company allows easy payments by users of up to £30 per day that are billed to their mobile phone bill.
“Our continued growth is thanks to our ability to lead the Charge to Mobile market and to take mobile payments out to new sectors,” says Chris Newell, CEO of ImpulsePay. “We see a lot of further growth for Charge to Mobile, and ImpulsePay specifically. We think that there are a range of industries, such as publishing or charity donations, which haven’t yet fully adopted mobile payments, but will really take off soon.”