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Highlighting the UK’s outstanding tech companies in 2024

Neil Bellamy, our National Sector Head of Technology, Media, Telecoms and Services says: “Congratulations to hyperexponential from everyone at the bank. As its name suggests, this London-based FinTech is growing rapidly by tapping into the UK’s thriving insurance market and solving key business problems with great software, connected data sets and clever mathematical modelling.

“An outstanding client roster and significant new funding round means their future trajectory could indeed be hyper-exponential, with a New York office opening later this year.”

Megabuyte says: “hyperexponential is a genuine disrupter in the insurance industry with its ability to sit on top of a clunky technology estate and pool an insurer’s data in real time for more informed pricing decisions. It has expanded profitably, according to reports, with the help of attracting some big-name insurance clients.

“Its progress has been validated by a significant new equity funding round, which will fuel plans to extend into adjacent insurance segments and new regions, including the lucrative US market.”


To read all about the latest top performing scale-up companies, download the Megabuyte 2024 Emerging Stars Report (PDF, 1,564KB).

Coming soon! Look out for our interview with Michael Bateman, CEO of UK tech firm Zenzero. He’ll be sharing his insight on M&A, attaining B Corp status, and the opportunities and challenges from AI.

 

For more insight and inspiration on sustainable growth and sector trends, visit the Sector Trends page.

This material is published by NatWest Group plc (“NatWest Group”), for information purposes only and should not be regarded as providing any specific advice. Recipients should make their own independent evaluation of this information and no action should be taken, solely relying on it. This material should not be reproduced or disclosed without our consent. It is not intended for distribution in any jurisdiction in which this would be prohibited. Whilst this information is believed to be reliable, it has not been independently verified by NatWest Group and NatWest Group makes no representation or warranty (express or implied) of any kind, as regards the accuracy or completeness of this information, nor does it accept any responsibility or liability for any loss or damage arising in any way from any use made of or reliance placed on, this information. Unless otherwise stated, any views, forecasts, or estimates are solely those of NatWest Group, as of this date and are subject to change without notice. Copyright © NatWest Group. All rights reserved.

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