Buymie wins Deloitte Fast 50 as growth companies post €500m in revenue

Buymie, a same-day grocery delivery service, has won this year’s Deloitte Fast 50 competition.

The event measures Irish companies with the fastest revenue growth over the past four years.

Buymie, which uses technology to bundle orders and routes from retailers like Lidl, Dunnes Stores and Woodies, saw 6,903 percent growth during the period.

Founded by CEOs Devan Hughes, Gabor Krasznai and Art Sokhikyan, the company has a network of over 400 personal shoppers delivering same-day groceries and other items.

The company expanded shipments to the UK earlier this year in a partnership with ASDA.

“When we started Buymie, we recognized the potential for expanding the food industry through technology,” said Mr. Hughes.

“Now to be ranked as Ireland’s fastest growing technology company is a testament to the incredibly hard work of our team and personal shoppers in Ireland, Armenia and the UK.”

Fintech communications company Mail Metrics, founded by CEO Nick Keegan, took second place from 14th in last year’s ranking.

Mail Metrics has acquired a number of businesses over the past year and is currently focused on getting clients to move correspondence from the mail to digital channels.

Regtech firm Reitigh Software, co-founded by CEO Brian Walsh, Mark Sexton and Darragh Pelly, took third place, while fintech lending platform firm Swoop took fourth place. Swoop CEO Andrea Reynolds also received the Advocate for Women in Technology Award in partnership with Indeed.

According to Deloitte, the winners of the Fast 50 2022 generated a total annual turnover of around 500 million euros and employed more than 5,500 people in 2021.

The average turnover of the companies included in the ranking was about 10 million euros, while the average growth rate of the companies over the last four years was 594 percent.

A number of additional awards were presented, with Dublin based MyComplianceOffice receiving the ‘Scale Up’ award in partnership with Scale Ireland.

Brendan Kiely’s Thinscale Ireland won the New Technology Award in collaboration with Google, while “low-code” firm Tekenable won the Impact Award in collaboration with Meta.

Transfermate has won the Alumni Award.

“As the business environment has become increasingly complex, the Irish technology sector has shown great resilience and tenacity,” said David Shanahan, Partner at Deloitte.

“This year’s ranking shows growth across a wide range of sectors, with companies developing innovative solutions to meet the changing needs of consumers and businesses while facing adversity. It’s also encouraging to see so many new entrants, including seven in the top ten. Despite recent challenges, the Irish tech sector continues to thrive.”

As part of the awards program, 17 new entrants appeared in the rankings for the first time, seven of which were in the top 10. The number of female CEOs in the ranking also increased, with seven organizations led by women.

This year’s ranking includes companies from eight Irish counties. 29 companies are based in Leinster, eight from Munster, nine from Ulster and four representatives from Connacht. Buymie wins Deloitte Fast 50 as growth companies post €500m in revenue

Fry Electronics Team

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