 |
September 23, 2011 04:00 ET
Rapidly Growing Online Payments and E Money Business Ukash Adds to Recent Success With a Place on Sunday Times Microsoft Tech Track 100
LONDON, UNITED KINGDOM--(Marketwire - Sept. 21, 2011) - E money provider Ukash has been included in the Sunday Times Microsoft Tech Track 100 for the first time.
This success comes hot on the heels of an outstanding year for the Financial Services Authority regulated company: Ukash achieved its first year of profitability in 2011, a remarkable 80% year-on-year business growth as a result of its continued global expansion, and was awarded the prestigious Queen's Award for Enterprise.
Ukash now processes over £500million of safe online shopping transfers worldwide every year. However, perhaps the greatest accolade is that 93% of Ukash customers in surveyed would recommend Ukash's e money system; 83% already have.
The Sunday Times Microsoft Tech Track 100 league table ranks Britain's 100 private tech (TMT) companies with the fastest-growing sales over the latest three years.
Tech Track 100 is compiled by Fast Track and published in The Sunday Times each September, with an official awards event in November. The league table champions the UK's top-performing private companies.
David Hunter, Chief Executive Officer of Ukash, said: "Being a Tech Track 100 company is a fantastic triumph. Not only does it recognise the company's commercial growth, the achievement signifies that every day, Ukash is enabling even more consumers all over the world to use cash online, simply and safely. On behalf of the whole company, I would like to thank our staff, partners and customers for their remarkable contribution to Ukash."
A typical Tech Track 100 company has between 20 and 100 staff, has average 3 year sales growth ranging from 35% pa to 360% pa, and has sales ranging from £5m - £50m – all characteristics true of Ukash.
Since its inception in 2005, Ukash® has promoted safe online shopping by enabling consumers to use their cash online without having to reveal financial information. Cash can be exchanged for a unique 19 digit Ukash® voucher at over 420,000 physical points of purchase, or issued online from the company's website. The unique 19 digit vouchers are then used as e money to pay directly on thousands of websites that accept Ukash® worldwide. Ukash vouchers are easy to buy and spend, making online transactions more accessible, secure and convenient.
