UK-Based OnBuy Ranks 25th on FT 1000 with 3402% Growth Since 2018

  • OnBuy.com ranked as Europe’s fastest-growing e-commerce business
  • 3402% growth since 2018
  • Six million customers and over 35 million products onsite
  • CEO Cas Paton credits fairness and transparency for the company’s success
  • Plans to unveil new innovations in the future

Online marketplace OnBuy.com has been recognized as Europe’s fastest-growing e-commerce business by the Financial Times’ annual FT 1000 ranking, which lists businesses based on revenue growth across the continent. The UK-based company placed 25th on the list after achieving a staggering 3402% growth since 2018. This achievement follows OnBuy’s eleventh place finish on Deloitte’s UK Technology Fast 50 2022, where it topped the South West region for tech companies industry-wide. CEO Cas Paton attributes the company’s success to its commitment to fairness and transparency for both sellers and buyers. With six million customers and over 35 million products available on the site, OnBuy plans to unveil new innovations in the future to strengthen its position as a market leader.

Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about OnBuy.com’s growth and ranking on the FT 1000 list, includes relevant quotes from the CEO, and discusses future plans for the company without any bias or personal perspective presented as a universally accepted truth.
Noise Level: 2
Noise Justification: The article provides relevant and informative content about OnBuy.com’s growth and success, with quotes from the CEO that add value to the story. It also includes a mention of their future plans for innovation. The information is focused on the topic and supports its claims with data (3402% growth since 2018) and external rankings (FT 1000 and UK Technology Fast 50). There’s no noise, filler content or exaggeration.
Financial Relevance: Yes
Financial Markets Impacted: OnBuy.com’s impressive growth impacts its own financial performance and attracts potential investors
Financial Rating Justification: The article discusses OnBuy.com’s ranking as Europe’s fastest-growing e-commerce business, which affects the company’s financial performance and its potential to attract investors.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no mention of an extreme event in the text.

Reported publicly: www.retailsector.co.uk