Swoop Wins 2023 Deloitte Fast 50 in Ireland

Swoop, the fintech company, was recently named the winner of the 2023 Deloitte Fast 50 in Ireland ranking number one amongst the country’s 50 fastest-growing technology companies. Swoop is a global platform supporting businesses by bringing their data into one place to garner insights and be instantly matched to eligible finance, as well as assess their spend on cost categories such as energy, banking, and FX.

Andrea Reynolds, CEO, Swoop says: “Swoop’s triumph in the Deloitte Technology Fast 50 ranking is a testament to our unwavering mission to provide every business access to finance, wherever and whoever they are. This award is not just recognition; it’s a reflection of our team’s relentless spirit and determination to democratise finance.

“Our incredible growth since 2018 is a marker of our efficient and sustainable approach, with capital efficiency at the heart of all our decisions. Partnering with industry leaders like Sage, Microsoft, NatWest, and Lloyds has fortified our journey. As we celebrate this achievement, our focus remains forward, dedicated to continued growth in 2024 and beyond. Swoop is not just winning awards; we’re pioneering change in the world of business finance,” she continues.

Also located in Ireland, the UK, Canada, the US and South Africa, Swoop launched in Australia three years ago and has gone from strength to strength expanding into New Zealand last year.

Positioned as a funding advisor for small and medium-sized businesses (SMEs), Swoop helps companies access finance from a wide range of lenders, equity investors and government grant agencies in addition to unlocking cashflow by cutting costs for utilities and other services. The platform brings all financial information together, including accounting software and bank accounts, for the companies to access from one simple dashboard.

Co-founded by fintech icon Andrea Reynolds and Ciaran Burke, the company is headed up in Australia by Cynthia De Vera, and supported by Ayesha Khan Head of Global Franchises and Marketing Australia.

Originally dealing directly with SMEs, Swoop works with accountants, advisors, brokers, and franchisors who actively engage with the platform and work closely with our funding managers.

In 2023, Swoop secured $35million of new funding for Aussie SMEs and serviced over 50 grant enquiries. 47 percent of their successful applications were for companies up to 5 years old.

In addition, Swoop grew its franchise channel to onboard more than 50 franchise names including top 10 fitness brands, allowing a market share of 4.9%. The company has aggressive plans to expand this share.

Indeed, the company’s plans for 2024 are ambitious and we have no doubt this excellent leadership team will achieve them.

“In the year ahead, we are rolling out our global partnership with Sage in Australia and New Zealand,” explains Cynthia De Vera. “We are hoping to achieve 33 per cent growth in Australia and New Zealand by expanding on our distribution channels as the need for both managing costs and accessing alternative funding has never been higher for Australian and New Zealand SMEs”.