iProov makes Deloitte’s 2020 UK Technology Fast 50 list

iProov takes top five spot after 6351 percent growth over four years

Posted 20 November 2020 by Christine Horton

iProov has secured a top five spot on Deloitte’s 2020 UK Technology Fast 50 list after posting revenue growth of 6351 percent over a four-year period.

After being named the fifth fastest growing technology company in the UK, Andrew Bud CBE, CEO and Founder of iProov, said: “We at iProov are absolutely delighted to be recognised in this way. It’s a huge tribute to the iProov team, in London, Washington DC and Singapore, which has risen so successfully to the many challenges of fast growth and leadership in our rapidly expanding market.”

“The need for online identity verification is greater now than ever before. iProov is supporting an ever-increasing number of businesses and governments around the world, who are using biometric authentication to give customers and citizens secure, simple access to digital services. Face verification removes the complexity of passwords and reduces online crime and identity theft, bringing greater inclusivity, trust and security to the world.”

“The 2020 Deloitte UK Technology Fast 50 highlights the success being achieved within the sector today,” said Duncan Down, lead partner for the Deloitte UK Technology Fast 50 programme.

“The 50 fastest growing UK technology companies, as ranked by Deloitte, generated around £2.2 billion in total annual revenues in the year 2019/20 and employed more than 10,400 people. The Deloitte UK Technology Fast 50 recorded an average three-year growth rate of 2,898 percent.”

The UK Home Office is using iProov’s Genuine Presence Assurance technology is, in partnership with WorldReach Software, for the EU Settlement Scheme, named the world’s most successful digital onboarding program for immigration, with more than four million successful applications to date.

Elsewhere the US Department of Homeland Security is using iProov technology to pilot remote border management. Eurostar is also working with the firm to deploy an optional walk-through biometric facial verification corridor at St Pancras International Station, and the NHS is using it for onboarding users, enabling access to health records, appointments and prescriptions.