The Deloitte Technology Fast 50 Awards is one of Ireland’s foremost technology award programmes.
Fast-moving Irish unicorn Wayflyer has reached the No 1 position in the 2024 Deloitte Technology Fast 40 Awards.
Wayflyer provides financing to consumer brands and became the sixth company in Ireland to achieve unicorn status in 2022.
“This recognition reflects the work we have put in since 2019 to provide funding to consumer brands, helping them solve problems that constrain their growth. The truth is, we’re only just getting started”
Full fibre broadband provider Fibrus ranked second in the Deloitte 2024 Technology Fast 50 Awards. Full details on the winners can be found here
Louella Morton, CEO and co-founder of TestReach, won the Advocate for Women in Tech Award in association with NetSuite.
Stealthy scaling
Sheena Bailey, CEO and co-founder TestReach; James Toomey, partner and Fast 50 lead, Deloitte; Louella Morton, CEO and co-founder TestReach. Photo: Jason Clarke
The Deloitte Technology Fast 50 Awards is a ranking of the country’s 50 fastest-growing technology companies based on revenue growth over a four-year period.
This year also celebrates 25 years of the programme that promotes innovation and entrepreneurship in Ireland’s indigenous technology sector.
“Taking the top spot at Deloitte’s Fast 50 ranking is an incredibly proud moment for the team at Wayflyer,” said Aidan Corbett, CEO and co-founder at Wayflyer.
“This recognition reflects the work we have put in since 2019 to provide funding to consumer brands, helping them solve problems that constrain their growth. The truth is, we’re only just getting started.”
Cumulatively, the 2024 Fast 50 winners generated €1.4bn in total annual revenues. The average growth rate of the companies compared to four years ago was 572% and this year, the minimum growth rate to rank was the highest it has been in the programme’s 25-year history.
The 50 companies employ over 6,000 people and 11 of the 50 ranked companies were first time winners.
“While Ireland has solidified its reputation as a global hub for technological excellence, the true highlight has been the remarkable growth of homegrown tech talent,” said James Toomey, partner and Fast 50 lead at Deloitte.
“Over the past 25 years the Fast 50 programme has been at the heart of this story, championing the innovation and ambition of indigenous tech companies in Ireland.
“As we mark a milestone tonight with the 25th anniversary of the Fast 50 programme, I want to congratulate this year’s top ranked company – a pioneer who is one of the country’s first tech unicorns. Wayflyer’s achievement highlights the importance of local companies driving Direct Domestic Investment and proving their prowess on a global stage.
“The Fast 50 rankings are a badge of honour, offering trusted recognition based on four years of revenue growth. This credibility distinguishes the programme, and not only identifies the tech leaders of tomorrow, but signals their readiness to scale globally. Congratulations to all the companies and individuals whose hard work and innovation have earned them a well-deserved place on this year’s Fast 50 ranking – your achievements set the standard for excellence in tech,” said Toomey.
In addition to announcing the ranking of the Fast 50 companies, the Deloitte Technology Fast 50 awards included several award categories:
| Award | Winner |
| Growing new technology in association with Google
This award recognises a company that has created or introduced a new or innovative product or service to international markets, which helped grow their business over the last four years. |
Alchemy |
| Advocate for Women in Tech in association with NetSuite
This award recognises an individual who has demonstrated through their actions that they are an advocate for increasing participation by the promotion of women in the technology sector. |
Louella Morton, CEO and Co-Founder, TestReach |
| Impact Award in association with Meta
This award recognises a company that has made a significant impact within the current year. |
Catagen |
| Scale Up Award in association with Scale Ireland
This award recognises a company that has demonstrated an impressive ability to scale up/expand overseas over the last four years. |
Kneat |
| Financial Services Innovation Award in association with Financial Services Ireland
This award recognises a company with an innovative product or services that is having a disruptive impact within the financial services industry. |
MCO (MyComplianceOffice) |
| Rising Star Award in association with Enterprise Ireland
This award is given to a company who demonstrates a promising growth trajectory and the potential for inclusion in the Fast 50 rankings in years to come. Companies being considered for this award have operating revenues accounting for a minimum of two years and less than four years. |
Klearcom |
| Alumni Award
This award recognises a company that has played a major part in the Fast 50 programme. |
Ocuco |
Main image at top: James Toomey from Deloitte with Aidan Corbett, CEO, Wayflyer
-
Bank of Ireland is welcoming new customers every day – funding investments, working capital and expansions across multiple sectors. To learn more, click here
-
Listen to the ThinkBusiness Podcast for business insights and inspiration. All episodes are here. You can also listen to the Podcast on:
-
Spotify
-
SoundCloud
-
Apple
