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UAE Tech Titans: 13 firms Make Deloitte FAST 50 | |
| Sumita Pawar |
The Deloitte Technology Fast 50 rankings for 2021–2022 feature 13 UAE-based companies, with Brandripplr coming in third.
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The top-ranked company is FinTech firm Capital.com, which exhibited an impressive 2,210% growth. The average growth of the ranked companies is 277%, generating $800 million in total annual revenues, highlighting the potential of the region's tech sector.
Other companies that participated in the first edition and made it to this year's list include Justlife, Softline, Urban Point, SignalGenerix, HyperThink System, Playkot, and Aditess. The programme also provides the Rising Star accolade for companies that show great potential but have been trading for less than three years and don't meet the ranking criteria.
The Rising Star list featured UAE-based EdTech company Englease and Saudi Arabian Fintech company Sure Payment. The Impact accolade is granted to companies that have an environmental, social, and governance (ESG) element at the heart of their mission.
The Oman-based 44.01 leads the Impact ranking in the second edition, followed by the Lebanon-based non-profit organisation, CodeBrave. The second edition also recognises the innovation and achievements of some businesses that are leading the way but do not meet the programme's criteria yet.
The top two spots in this category were claimed by Saudi-based EdTech company Algooru and UAE-based EdTech company Allinners. Deloitte Middle East received applications from companies providing products and services across software, fintech, media and entertainment, and other sectors. The programme showcases Deloitte's commitment to supporting the technology sector, which is more vital than ever for the region's economic development.