Five Croatian Companies on List of Fastest Growing in Europe

Lauren Simmonds

As Poslovni Dnevnik writes on the 3rd of March, 2020, the competition is stronger this year, as companies need to have a minimum growth rate of 38.4 percent to find themselves in this prestigious report, compared to 37.7 percent last year. Croatian companies have, however, found themselves listed once again.

Businesses across the European continent have faced a number of barriers to growth this year, ranging from the uncertainty caused by Brexit trade talks and the risks stemming from the global spread of coronavirus, according to a report from the respected Financial Times.

However, some companies have managed to keep pace with the growth, and the FT 1000 report of the fastest growing companies in Europe shows that innovative and ”nimble” companies are doing well in keeping up.

The FT 1000 report, compiled by the research firm Statista, showcases companies that achieved the highest annual growth rate between 2015 and 2018. As stated, the competition is indeed significantly stronger this year, as companies need to have a minimum growth rate of 38.4 percent to find themselves in this report, compared to 37.7 percent last year.

OakNorth Bank, a British fintech backed by SoftBank’s Vision Fund that specialises in mid-sized lending, has taken Europe’s first place this year, with Finland’s Wolt taking second place. Interestingly, only 90 of the 1000 companies listed have managed to rank in the last three years at all.

This prestigious list also includes five Croatian companies. Oradian is ranked 113th, Q Agency is ranked 164th, Microblink is ranked 438th, Infinum is ranked 462nd, and TREMAK is ranked 896th.

Despite first place having been taken by the UK and with five Croatian companies present, most of the companies listed on this prestigious European list are from Germany, followed by Italy, then by the United Kingdom and France, and these four countries make up about 70 percent of the total.

As far as cities are concerned, most of the companies are from London, then Paris and Milan, while for the first time companies from Warsaw and Vilnius are among the top ten.

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