The news follows Fonix’s recent achievement in the annual Sunday Times Tech Track where the company ranked at number 34 (out of 100 pre-IPO UK technology businesses) based on size, turnover and profit.
Launched in 2014, Fonix’s payment, messaging and telephony software processes more than 200,000 transactions every day, and has handled in excess of £60m 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.
Commenting on the announcement, Rob Weisz said: “Achieving a Deloitte Fast 50 ranking in such a short space of time is a major achievement for the Fonix business, marking out our approach which combines the best technology complimented by focussed, diligent staff to deliver the market leading services to our customers.
“All aspects of the Fonix business, from payments through to messaging are experiencing growth as we enter an era where consumers demand secure frictionless payments and companies across every business sector turn to mobile as a way to maximise customer interaction and build sales.”