Business-to-business payment technology provider Ixaris has been recognised – alongside OakNorth and Lendinvest – as one of 26 fast-growing tech companies to join the UK’s Future Fifty, a government-backed initiative aimed at maximising business potential.
The programme, which counts well-known consumer brands Just Eat, Deliveroo, Shazam and Zoopla among its alumni, gives Ixaris immediate access to a valuable peer network; expert-led classes and workshops as well as a higher profile in the tech world. The team also becomes part of a network able to influence government policy and inspire the next generation.
Alex Mifsud, CEO, Ixaris, said: “We are delighted to be recognised among a select group of businesses, some of which have already left an indelible mark on the UK economy. B2B payments is at a juncture where finance directors and treasury departments acknowledge the need for innovation and automation. We are excited to be in a position where we can help influence progress and much needed cost-savings and efficiencies both for buyers and suppliers globally.”
Of those that have been through the programme since 2014, Future Fifty’s track record now includes:
- Five IPOs on the London Stock Exchange
- 23 M&A’s of which 7 in the last year, including MatchesFashion.com (acquired $1bn), JustGiving (acquired $120m) and shazam (acquired $400m).
- Over $5.5bn raised in funding, including $1.7 billion in 2017
- The companies have created 27,000 jobs around the world, demonstrating the extent to which tech is rapidly creating jobs and wealth throughout the UK, and have offices in 59 countries
- A string of alumni companies that are household names including Just Eat and Zoopla.
Data, Analytics & Cybersecurity: Darktrace Ltd, Semafone, ZappiStore, OpenSignal
Fintech: LendInvest, OakNorth, Checkout.com, Ixaris Ltd
Digital Advertising & Marketing: Captify Technologies, Infectious Media
Enterprise Software: Paddle.com, CloudSense
SaaS: BigChange Apps, UKCloud, Biosite Systems, Click Travel, Masabi Ltd, Egress Software Technologies Ltd, EDITED
EdTech: Firefly Learning
App & Software Development: Featurespace, Memrise Limited
eCommerce & Marketplace: SIMBA, Trouva, MPB Group, SportPursuit
Parveen Dhanda, Programme Lead for Future Fifty at Tech City UK, said: “We’re delighted to welcome 26 new exceptional high- growth companies onto the Future Fifty programme for 2018, and to welcome back 24 of last year’s experienced participants. The Future Fifty class of 2018 includes companies from right across the UK, operating in sectors as diverse as cutting-edge fintech solutions, and innovative music hardware. But all these companies face common challenges in scaling their teams and operations, and share an ambition to build world-beating global digital businesses.
Margot James, Minister for Digital and the Creative Industries, said: “Congratulations to all those selected to join this fantastic scheme which aims to help some of the UK’s brightest and most innovative digital businesses expand. We’re working hard to make the UK the best place in the world to start and grow a digital business, filled with high-skilled, well-paid jobs of the future.”
Ixaris is the B2B payments expert. Our mission is to help businesses pay one another simply, efficiently, and inexpensively. In every transaction, there are opportunities to increase control, save money and grow revenue. Through our technology, we help our customers to unlock value from each and every transaction.
Ixaris customers include global banks, leading corporates and technology providers.