SelfWealth Ranks 85th in Top 500 of Fastest Growing Companies

SelfWealth Ranks 85th in Top 500 of Fastest Growing Companies

We are delighted to announce that SelfWealth has ranked 85th on the Deloitte Technology Fast 500™ Asia Pacific 2020, which ranks the 500 fastest-growing technology companies in the Asia-Pacific.

Rankings are based on percentage revenue growth over three years, with SelfWealth recording growth of 668% during this period. In comparison, companies ranked on the Deloitte Technology Fast 500™ Asia Pacific 2020 program had an average growth rate of 551%. On top of our ranking on the Deloitte Technology Fast 500™, SelfWealth also placed 10th on the Australian Deloitte Technology Fast 50, which ranks the 50 fastest-growing technology firms in Australia.

The result is a great vote of confidence in our brand and product, cementing our position in the market as Australia’s fastest-growing retail share trading platform.

With a goal to revolutionise the way Australians invest in the stock market, SelfWealth is pleased to be one of the top-ranked Australian companies on the index and hear high praise from Mike Horne, Asia Pacific Deloitte Private Leader, who believes “being ranked on the Deloitte Technology Fast 500™ is an impressive achievement, especially because today’s technology companies are thriving in extraordinarily competitive and changeable environments”.

 

Deloitte Technology Fast 500™ Asia Pacific selection and qualifications

The Technology Fast 500™ list is compiled from the Deloitte Asia Pacific Technology Fast 50 programs, with nominations submitted directly to the Technology Fast 500™ from public company database research. To qualify for the Technology Fast 500™, entrants must:

  • Have base-year operating revenue(s) of at least US$50,000;
  • Be a public or private company headquartered in the Asia-Pacific region;
  • Meet the classification of a “technology company”, defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or manufactures a technology-related product; or devotes a high percentage of effort to the research and development of technology

 

The SelfWealth Journey

SelfWealth is Australia’s most-popular low-cost online trading platform for retail investors. After a successful IPO in 2017, we are proud to have made an impact upon the industry with our flat-fee pricing and innovative investment insights that leverage over 80,000 investment portfolios.

Retail investors can use a brand-new mobile app to buy into both Australian and US stocks with ease, at a low brokerage cost.

As part of our recent FY21 Q3 activity report, the team at SelfWealth is pleased to highlight our growth trajectory, with operating revenue growing 178% year-on-year, while active traders are also up 166% year-on-year.

SelfWealth’s Managing Director, Rob Edgley, credits our phenomenal growth over the past three years to a large surge in retail investors, while the digitisation of investment options and a commitment to ongoing product innovation to lead market disruption have allowed us to deliver much value to our members.

Looking ahead, the SelfWealth team is particularly excited about our future plans. We will be looking to improve our market share in this growing market as we invest heavily in digital transformation and customer acquisition, while a heightened level of interest in the stock market from retail investors paints a bright future for SelfWealth and our continued growth possibilities.

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SelfWealth Ltd ACN 52 154 324 428 (“SelfWealth”) (Australian Financial Services Licence Number 421789). The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. Taxation, legal and other matters referred to on this website are of a general nature only and should not be relied upon in place of appropriate professional advice.

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