Wealth Dynamix (WDX) has been placed in 18th place on Sunday Times Hiscox Tech Track 100 league table, which consisted of the fastest growing 100 private technology, media and telecoms (TMT) companies in Britain.
It was the only wealth management IT firm to make the league, which was topped by Wonderbly, a firm that sells personalised children’s books.
“This is a tremendous achievement for our firm and a true representation of the team’s hard work and continuous innovation and I am delighted to see they are getting the recognition that they deserve,” said Gary Linieres, chief executive of WDX. “Technology is playing an increasing role in shaping the wealth management industry and our growth has been both a reflection of the ever-changing market and the increase in the demand for innovative solutions in our industry. Our client list continues to grow and we are looking forward to exploring what 2018 has in store.”
In addition, WDX was ranked 19th in the 2017 Deloitte UK Technology Fast 50, a ranking of the 50 fastest growing technology companies in the UK. Rankings are based on percentage revenue growth over the last four years.
According to WDX, it recorded a 155 percent average annual sales growth per year over the last three years with sales reaching £6.4 million in September 2016 and £9 million by end of September 2017. It also claims that revenue grew 1,563 percent over the past four years.
It has clients across UK, Europe and USA, with plans to expand further across North America and Europe in 2018.