OnBuy included in annual list of Europe’s fastest growing companies

According to foreign media reports, the Financial Times recently released a list of the top 1,000 fastest-growing companies in Europe , which ranked companies according to revenue growth. Among them, British e-commerce platform OnBuy was selected .

It is reported that OnBuy's revenue increased by 479% between 2017 and 2020 , ranking 331st on the list of top 1000 companies published by the Financial Times . OnBuy has been growing at an extremely high speed in 2021 , and its product list has exceeded 36 million.

OnBuy was founded by Cas Paton in the UK in 2016 with a simple vision: to be the best choice for every customer around the world. OnBuy provides a platform for thousands of verified online retailers, providing customers with competitive prices and excellent value. Consumers can safely purchase products in a variety of categories on the platform , such as electrical appliances, beauty, home and garden, toys and baby products.

OnBuy 2021 key highlights

OnBuy has recruited a new leadership team to accelerate the company’s growth, hiring 82 new employees in 2021.

In 2021, the number of sellers on the OnBuy marketplace increased by 51%, with more than 11,000 people selling through the site.

In 2021, OnBuy received £35 million in Series A+ funding from venture capital and strategic technology investors.

In 2021, OnBuy's real-time product listings increased by 71%, with more than 36 million products available for consumers to choose from on the site .

OnBuy said it will achieve further growth in 2022, with expansion plans and a major product development roadmap in place to further improve its service to retailers and customers.

OnBuy's future plans include some milestone product developments to continuously enhance its shopping experience and expand its team to improve retailer services. In addition, OnBuy is also actively pursuing market expansion, which will continue to drive the company's growth and consolidate its market position.

Cas Paton, CEO and founder of OnBuy, said: “Being selected in the FT1000 is a huge achievement for OnBuy and I am incredibly proud of the entire team who have contributed to our success. As a company our values ​​have always been fairness and transparency which are very important to us .

OnBuy

FT1000

European e-commerce