The BDO Sunday Times Tech Track has announced the annual Tech Track 100, an independently ranked list of the UK’s fastest growing technology companies based on size, turnover and profit – and has ranked mobile messaging, payments and telephony company, Fonix at number 34 in the annual business report.
Launched in 2014, Fonix’s payment, messaging and telephony software processes more than 200,000 transactions every day, and has handled in excess of £56m 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, Powowwnow and Daily Mail Group.
Formerly Orca Digital, the enlarged group was established last year after chief executive Rob Weisz, merged Orca with his mobile payments company Fonix Interactive. The business has seen sales growth from £4.8m in 2014 to £28.5m in 2015.
Weisz previously spearheaded Mobile Interactive Group’s commercial division, which topped the Tech Track 100 in 2008 before it was bought for £37m by American mobile marketing giant Velti in 2011.
Commenting on the announcement, Rob Weisz said: “ Being ranked by Tech Track is a huge achievement and testament to the hard work and energy delivered by the team at Fonix over the last 18 months.
“Mobile payments, in particular carrier billing, is entering an era where consumers enjoy secure, frictionless payments and a growing number of merchants across an increasingly diverse amount of sectors are rewarded with massively improved conversion rates.”
