Fonix Ranks 28 in the 2016 Sunday Times Hiscox Tech Track


Fonix ranks 28 in the 2016 Sunday Times Hiscox Tech Track

The Sunday Times Hiscox Tech Track 100 has ranked Fonix at number 28 in its annual business report, a rise of six places from the company’s 2015 ranking at 34.

The Tech Track is an independently ranked list of the UK’s fastest growing technology companies based on size, turnover and profit.

Launched in 2014, Fonix’s carrier billing platform processes more than 400,000 transactions every day, and has handled in excess of £95m of consumer payments in the past 12 months. Its customers are principally in media, entertainment and digital commerce industries and include Channel 5, Comic Relief, Powwownow and Daily Mail Group.

In November 2015 Fonix launched Zensend, a two-way SMS platform with direct connections to every UK mobile operator. Via a simple API, Zensend provides developers and businesses with the ability to add messaging functionality to apps and platforms worldwide.

In just three years, under the leadership of CEO Rob Weisz, the company has seen sales growth from £4.8m in 2014 to £41m in 2016.

Weisz previously spearheaded Mobile Interactive Group’s commercial division, which ranked number 1 in the Tech Track in 2008 before the company was bought for £37m by American mobile marketing giant, Velti, in 2011.

Commenting on the announcement, Rob Weisz said: “Advancing our Tech Track position by six places to 28th marks a phenomenal year for Fonix and Zensend, our technology and staff who form the cornerstone of this success.

“The company’s growth also reflects an accelerating appetite for simple carrier billing — and on the A2P messaging side, a growing understanding of how SMS improves consumer engagement and is the most trusted channel for everyday functions like two-factor authentication.”