OnBuy.com, a British online marketplace, has been ranked as Europe’s fastest-growing eCommerce business in the latest FT 1000 list. The prestigious annual list ranks businesses by revenue growth across Europe, with OnBuy placing 26th after achieving a remarkable 3402% growth since 2018.
OnBuy’s CEO, Cas Paton, spearheaded the business’s growth, which currently has around six million customers and over 35 million products onsite from a wide range of sellers across various categories. Unlike other marketplaces, OnBuy does not compete with onsite sellers by stocking its inventory, providing a fair, transparent, and open marketplace for all.
Paton attributed the business’s growth to its collective commitment to providing a fairer ecosystem for both sellers and buyers, with fairness and transparency always at the heart of the business. He added that inclusion in the FT 1000 represents a benchmark of success, resulting in enhanced brand and customer recognition, as well as visibility with potential investors.
Today’s ranking comes less than six years after OnBuy’s launch in 2016, where Paton pledged to create an online marketplace that provides a better, fairer choice for retailers and consumers. Paton said that the ranking represents a springboard for OnBuy to take the next big step in its journey, with lots more to come.
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OnBuy’s ranking in the FT 1000 comes just months after the business placed eleventh on the UK Technology Fast 50 2022, Deloitte’s prestigious ranking of the UK’s fastest-growing tech companies. OnBuy claimed the top spot for the South West region industry-wide.
Paton expressed his pride in the whole OnBuy team, adding that the business’s strong growth is the culmination of a lot of hard work. He also said that OnBuy’s values will remain consistent, with fairness and transparency always at the heart of the business.
