Growing a business is not a layman’s job. It requires proper resources, capital, hard work, effective market strategies, and implementation of plans to take your business to the next level. For a business to sustain amid the cut-throat competition, the idea behind the business must be unique and it should be serving the masses. Your business must offer solutions to the problems of people. If you are able to address the problems of your consumers and solving them in an effective way, your business is bound to succeed.
Globalisation has helped businesses expand their reach beyond boundaries and this has helped in a significant rise of supply and development chain. The startup culture has increased the competitiveness among the businesses and this competitiveness has encouraged companies across the world in improving their services. This list features the 8 fastest growing businesses in the world.
8. Thrasio: Thrasio Incorporation is a Walpole based e-commerce company in Massachusetts, United States that raised a whopping $260 million in a funding round after which the company’s valuation breached the $1 billion mark. The global firm was formed in 2018 and the current annual revenue of the firm is $68.1 million. The average per-employee revenue of Thrasio is $227,000. The firm has 300 employees and its employment count grew by 280% in a year.
7. Greenlight Financial Technology: Greenlight Financial Technology is an Atlanta-based financial services company that develops smart debit cards for kids and mobile apps enabling parents to monitor and control the spending habits of their children. Headquartered in Atlanta, Georgia, Greenlight Financial Technology was founded in 2014. It has received a funding of $296.5 million and the annual revenue of the firm is $36.3 million. The company has 173 employees and the average revenue per employee is $210,000.
6. LetsGetChecked: LetsGetChecked is a New York-based company that provides connectivity between customers and global laboratories. It is aimed at making personal health testing easy and efficient. The firm was founded in 2015 and has raised $42 million in two funding rounds. The firm is a personal health test provider for STI/STD, fertility, cancer, and other health issues. The expected annual revenue of the firm is $65.6 million and the estimated revenue per employee is $270,000. It has 243 employees.
5. CyberCX: CyberCX is a Melbourne-based Cuber Security association that brings together top cybersecurity firms. It was founded in 2019 and has an annual revenue of $41.8 million. The estimated revenue per employee is $204,000. The firm has 205 employees and it has grown its employee count by 583% since last year.
4. Unqork: Unqork is a visual platform that helps its clients in building high quality and high-performance software in less time and low budget. The firm was founded in 2017 and has received funding worth $365.2 million. The annual revenue of Unqork is $56.1 million. The estimated revenue per employee is $145,000. Unqork runs on the shoulders of 387 employees. The unique platform is a no-code application development platform. This involves building complex features in apps using visual interfaces. The platform helps its clients in making real-time changes using visual tools. It is headquartered in New York.
3. Attentive Mobile: Attentive Mobile is a platform that provides professional and personalised mobile messaging platform for e-commerce retail brands. The platform uses behavioural data and enables automatic message sending. The firm was founded in 2016 and has raised $463 in funding. The estimated annual revenue of the firm is $127.3 million. The per-employee revenue of the company is $250,000. It has 509 employees. The firm is headquartered in New York.
2. Nuvia: The Silicon Valley-based firm specialised in developing high-end processors and storage devices. It aims at taking computing technology to the next level. The firm was founded in 2019. It has raised $293 million in funding and the current annual revenue of the firm is $46.2 million. Nuvia has 168 employees and the estimated per employee revenue of the firm is $275,000.
1. BlockFi: The Cryptocurrency market is booming and Bitcoin has been the driving force behind it. Founded in New York in 2017, BlockFi provides credit services to markets with limited access to simple products. It is a crypto asset service provider headquartered in New York City. BlockFi has raised funding worth $158.7 million and the annual revenue of the firm is $40.3 million. The estimated revenue per employee in the firm is $210,000. It has 192 employees.
