MARCH 02 2022
The Financial Times has named Nordic Capital-backed Qred and Signicat in its list of the fastest growing companies in Europe. Now in its sixth year, “The FT 1000: Europe’s Fastest Growing Companies 2021” is a list of the top 1,000 companies in Europe that have achieved the highest percentage growth in revenues between 2017 and 2020. The minimum average growth rate required to be included in the ranking this year was 36.5%.
Kristoffer Melinder, Managing Partner, Nordic Capital Advisors, commented: "It is fantastic to see two of Nordic Capital’s portfolio companies included in this impressive list. Both companies are demonstrating rapid growth and strong leadership in their respective segments; and they are highly representative of the businesses that Nordic Capital backs. Their achievements showcase how Nordic Capital can successfully combine experience, expertise and a powerful investment platform to a broad spectrum of mid-market companies within our focus sectors. We congratulate these very talented teams on their rankings.”
He added: “It is also notable that one fifth of the FT ranking this year are technology companies, with fintech and e-commerce industries well represented. It underlines their strong potential for growth and is why Technology and Financial Services are two of Nordic Capital’s focus sectors.”
Sweden’s Qred, one of Europe’s fastest growing fintech companies is included for the third consecutive year, and among the top-ten of the Swedish companies included in the list.
Since its inception in 2015, Qred has become a leading provider of financing and payment services and has to date served over 25,000 small businesses in the Nordics, the Netherlands and Belgium. Its technology and automated data processing gives companies a quick and easy credit assessment, which is also combined with access to personal customer service. In 2020, Qred established a presence in Brazil through the launch of a joint venture. Today, Qred has around 12,000 monthly active users of their financing solutions and other credit services.
Signicat, the Trusted Digital Identity company, is included for the second year in a row, improving its overall ranking by almost 200 spots since 2020. It is one of the few Norwegian-headquartered companies to be included in the ranking.
Since Signicat was founded in 2006, it has grown to be one of the leading companies in digital identity and electronic signing solutions in Europe. It has consistently developed its technology, customer base and expertise, acquiring five companies in the past three years in Norway, the Netherlands, Spain and Lithuania. The acquisitions have enabled Signicat to strategically position itself to meet the growing demands of its European customers in a rapidly evolving market. Currently, over 6000 customers across 40 countries rely on Signicat’s solutions daily.
The FT 1000 list is compiled jointly with Statista, a German company specialising in consumer and market data, which processes all the data reported by companies through strict and formal vetting procedures. The minimum average growth rate required to be included in the ranking this year was 36.5%. The full list of the FT 1000 rankings can be found here: https://www.ft.com/ft1000-2022
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: +46 8 440 50 50
About Nordic Capital
Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested more than EUR 19 billion in over 120 investments. The most recent entities are Nordic Capital X with EUR 6.1 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.
“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”