Paytrail

Media release: Paytrail ranks on Deloitte’s Technology Fast500 EMEA list

Kirsti Earl Written by Kirsti Earl - Dec 4, 2013

Paytrail Plc ranked 104 on the Deloitte Fast 500 EMEA 2013, a ranking of the 500 fastest growing technology companies in EMEA. In addition to Paytrail, 26 other Finnish companies made the list. Ranking are based on percentage revenue growth over five years. Paytrail grew 1464% during this period.

Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications and clean technology companies, both public and private, in Europe, Middle East & Africa. Award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least 50,000€, and current-year operating revenues of at least 800,000€.

"We appreciate and share this honor with our customers, partners, and especially our employees who have worked diligently and ambitiously to make our growth possible. We are pleased to be recognized along with other major growth companies in our market area," shared Lennu Keinänen, Paytrail founder and evangelist.

Paytrail has approximately 4,000 companies and processes transactions worth tens of millions of euros every month. Paytrail Account provides online shoppers an easy and convenient shopping experience. Paytrail has also been included in several major Finnish and international lists of high-growth companies such as the Red Herring Europe Top 100 award for its innovation and growth potential. This year Paytrail also ranked 9th on Deloitte’s Technology Fast50™ list.

About Paytrail

  • Established in June 2007 as ‘Suomen Verkkomaksut’ (‘Finnish Web Payments’).
  • June 2013 the company changed its name to Paytrail and launched its new service Paytrail Account.
  • In 2012, turnover grew by 55% to €3.4 million.
  • Enables transactions worth tens of millions of euros every month. The estimated payment volume for 2013 is 400 million euros.
  • Employs 38 people, double the number of employees in 2012.
  • Headquarters in Jyväskylä, Finland.
  • Licensed payment institution.
  • Helps thousands of companies in several countries to provide a pleasant shopping experience for their customers.

For more Information

Lennu Keinänen, Founder, Evangelist
+358 44 776 7827, lennu.keinanen@paytrail.com

Markus Laurio, CEO
+358 40 840 3754, markus.laurio@paytrail.com

Suvi Tikkanen, Marketing Director
+358 40 562 8283, suvi.tikkanen@paytrail.com

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