With Christmas just over two weeks’ away, the celebrations have started early at one of Ireland’s leading fintech companies. Swoop Funding, which has its headquarters at Custom House Quay in the heart of Dublin, was recently named as this year’s winner of the Deloitte Fast 50 prize.
This is a prestigious award presented at a gala dinner which annually celebrates innovation and entrepreneurship across Ireland’s home-grown technology sector. This year’s ceremony was held at Dublin’s Mansion House, where the Deloitte-sponsored event celebrated the 50 fastest growing tech companies in Ireland.
Swoop Funding’s success was a particular landmark, as it was the first time in the 24-year history of the Deloitte Fast 50 that this award has been won by a female-founded company. Andrea Reynolds, the chief executive of Swoop, said: “This is a great endorsement of the work we do, our approach to innovation and our use of technology.
“But it also highlights what a fantastic team we have at Swoop, which is now active across four continents, employing more than 100 people in all. Core to our operation is our sustainable and efficient approach, which will drive the future growth of the business. Capital efficiency is at the centre of all our decisions.
“This year’s Deloitte Fast 50 includes some really remarkable Irish businesses and it’s a fantastic achievement to be singled out among a range of such incredible entrepreneurial talent. And thanks to Deloitte for acknowledging Swoop and the work we do. Congratulations also to the other companies in the Fast 50 list.”
Swoop, which specialises in providing funding solutions for businesses, was founded by Andrea Reynolds and Ciaran Burke in 2018. The company employs 25 people in Ireland, and has five offices in the United Kingdom (Aberystwyth, Birmingham, Liverpool, London and Newcastle). They have also opened global outposts in Australia, Canada, South Africa and United States.
From their global HQ at Dogpatch Labs, Custom House Quay, Dublin, Swoop provides customers with access to a range of funding solutions across the financial services spectrum.
They focus their attentions on streamlining the application process, while saving money and time. They are committed to helping businesses thrive by making funding accessible and hassle-free.
As part of its offering, Swoop recently announced a global partnership with Sage, aimed at helping businesses and accountants access a wide range of funding opportunities. In addition to Sage, other Swoop partners include Microsoft, NatWest and Lloyds.
With regards to the Deloitte Fast 50 programme, this scheme recognises the country’s fastest-growing technology companies. The 2023 event highlighted success stories in a number of categories, such as environmental technology, fintech, hardware, healthcare and software, as well as life sciences, media and entertainment.
According to the Irish Independent, this year’s Fast 50 winners collectively generated over €3bn in total annual revenues.
Deloitte partner James Toomey told the newspaper: “Even though this has been a difficult year for tech companies, there are encouraging indicators that show the strength of Ireland’s indigenous sector. Our home-grown talent continues to play an important role in building the future of technology.”
