Onbuy ranked as Europe’s fastest growing e-commerce business

Online marketplace OnBuy.com has been ranked as Europe’s fastest-growing e-commerce business according to the FT 1000.

The annual list from the Financial Times reports the latest annual ranking of businesses by revenue growth across Europe.

UK-based OnBuy placed 25th on the list – after achieving 3402% growth since 2018.

The ranking comes just months after OnBuy placed eleventh on the UK Technology Fast 50 2022, Deloitte’s ranking of the UK’s fastest-growing tech companies – claiming top spot for the South West region industry-wide.

Spearheaded by CEO Cas Paton, the site currently has around six million customers, with over 35 million products onsite from a wide range of sellers.

Paton said 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”.

Paton said: “Inclusion on the FT 1000 as Europe’s fastest-growing eCommerce business is the culmination of a lot of hard work. I’m incredibly proud of the whole OnBuy team and the brilliant work that we have done as a group to get into this position.

“I attribute the business’ strong growth to our collective commitment to providing a fairer ecosystem for both sellers and buyers. It’s really important to us as a company that our values remain consistent, with fairness and transparency always at the heart of the business.”

He added: “But this is just the start for us. We’re on the verge of unveiling a series of incredibly exciting innovations that will help bring us even closer to our sellers and our customers allowing us to build a better, stronger marketplace for the future. The ranking represents a springboard for us to take the next big step in our journey – there’s lots more to come.”