Member Article

Nostrum Group Ranked Number 36 in the Deloitte UK Technology Fast 50

Harrogate, North Yorkshire, 18th November 2013 — Nostrum Group, the UK’s leading provider of innovative loan management software, is delighted to announce that it ranked Number 36 in the 2013 Deloitte Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK. Rankings are based on percentage revenue growth over five years. Nostrum Group grew 623 percent during this period.

Nostrum Group attributes its revenue growth to the hard work and determination of its staff coupled with the innovative approach that it has taken to make lending cheaper, faster and safer for consumers and corporates alike. This innovation has allowed the business to take advantage of an ever evolving market and focus on new sectors, ultimately diversifying its client portfolio, securing high profile, well known brand customers.

Nostrum Group’s Chief Executive, Richard Carter said “With over a decade of experience and innovation in the financial services sector, we have enjoyed growing success since our formation in 2001. Being ranked as 36 in Deloitte’s Fastest 50 is a great achievement for the business, and is testament to our ability to understand and deliver complex projects in an increasingly regulated sector. Over the last 5 years our business has developed significantly and we are now helping to drive innovation in an increasing number of lending sectors, using our technology to make lending cheaper, faster and safer. Our mission is delivered through better credit risk decisions, higher levels of automation and end customer self service support all with compliance at the core.”

“We have a further ambitious growth strategy for the next 3 years which I’m sure we will exceed in delivering through continuous developments and the hard work and commitment from all of our talented employees. We strongly believe that having the right people in the right roles is paramount in delivering results”

David Halstead, Partner leading the Deloitte Technology Fast 50, said: “The Deloitte Technology Fast 50 gives great profile to technology companies and is internationally recognised as being one of the most important business awards in the sector”

“The awards are an opportunity for businesses to gain recognition for their successes and achievements. This year’s ranking highlights the importance of being innovative and finding a niche product or service, to beat the recession.”

This was posted in Bdaily's Members' News section by Nostrum Group Ltd .