19/09/11 -
Rapidly growing online payments business Ukash adds to recent success with a place on Sunday Times Microsoft Tech Track 100
[455599]
Rapidly growing online payments business Ukash adds to
recent success with a place on Sunday Times
Microsoft Tech Track 100
Ukash has been included in the Sunday Times Microsoft Tech Track
100 for the first time.
This success comes hot on the heels of an outstanding year for
the Financial Services Authority regulated company: Ukash achieved
its first year of profitability in 2011, a remarkable 80%
year-on-year business growth as a result of its continued global
expansion, and was awarded the prestigious Queen's Award for
Enterprise.
Ukash now processes over £500million of safe online transfers
worldwide every year. However, perhaps the greatest accolade
is that 93% of Ukash customers in surveyed would recommend Ukash;
83% already have.
The Sunday Times Microsoft Tech Track 100 league table ranks
Britain's 100 private tech (TMT) companies with the fastest-growing
sales over the latest three years.
Tech Track 100 is compiled by Fast Track and published in The
Sunday Times each September, with an official awards event in
November. The league table champions the UK's top-performing
private companies.
David Hunter, Chief Executive Officer of Ukash, said: "Being a
Tech Track 100 company is a fantastic triumph. Not only does it
recognise the company's commercial growth, the achievement
signifies that every day, Ukash is enabling even more consumers all
over the world to use cash online, simply and safely. On behalf of
the whole company, I would like to thank our staff, partners and
customers for their remarkable contribution to Ukash."
A typical Tech Track 100 company has between 20 and 100 staff,
has average 3 year sales growth ranging from 35% pa to 360% pa, and
has sales ranging from £5m - £50m - all characteristics true of
Ukash.
Since its inception in 2005, Ukash® has enabled consumers to use
their cash online without having to reveal financial information.
Cash can be exchanged for a unique 19 digit Ukash® voucher at over
420,000 physical points of purchase, or issued online from the
company's website. The unique 19 digit vouchers are then used to
pay directly on thousands of websites that accept Ukash® worldwide.
Ukash vouchers are easy to buy and spend, making online
transactions more accessible, secure and convenient.
Search