Deloitte Middle East recently announced the results of the second edition of the Middle East Technology Fast 50, recognizing the fastest-growing technology companies in the region based on revenue growth over the last four years.
The program received applications from a diverse range of companies across Software, Fintech, Media & Entertainment, and other sectors. This year’s ranked technology companies achieved an average growth of 277%, generating around $800M in total annual revenues during 2021-2022.
The top-ranked company, FinTech company Capital.com, exhibited an impressive 2,210% growth. Deloitte also presented the Rising Star and Impact accolades, showcasing the potential of companies trading for less than three years and companies with Environmental, Social, and Governance (ESG) at the heart of their mission.
The second edition of Technology Fast 50 also recognizes innovative businesses leading the way in the “Companies to Watch” category, with Saudi-based EdTech company Algooru and UAE-based EdTech company Allinners taking the top two spots. Deloitte’s commitment to supporting the technology sector is vital for the region’s economic development.