Twenty-one Turkish startups have made it on to Deloitte’s latest EMEA (Europe, Middle East and Africa) Technology Fast 500 ranking based on their 2024 revenue growth performance.

The UK has 78 companies on the list, while Norway, Sweden and Finland have 50 each.

In the CEE region, Czechia has 35, followed by Poland with 32, Slovakia with 11 and Hungary with four.

Croatia leads the SEE region with 12, followed by Bulgaria (8) and Romania (5). Serbia has one company, namely Softech Solutions (software, 121st, 1,340%), and Bosnia also has one, ZenDev, ranked at 360th spot.

Ukraine's one ranked company is MACPAW. It features at 247th spot on the list.

In the Middle East, Saudi Arabia has seven companies, followed by the UAE (3) and Egypt (2). The Egyptian companies are Convertedin at 445th spot and Paysky at 454th.

Qatar's one company on the ranking is Futad Advertising at 453rd, and Lebanon's one ranked company is Fleetserve (software, 106th, 1,541%).

Top 2 from Portugal

Portuguese companies i-charging (electric vehicle, or EV, charging) and Bloq.it (locker maker) top the ranking.

Table: Top 10.

CEE

Czech company Oddin.gg (Software) is ranked the fastest growing startup in the CEE region, posting a revenue growth of 7,958% in 2024. It ranks at 14th spot in the EMEA.

Software company MAGU (27th with 4,248%), JOBka (software, 68th, 2,317%) and Woltair (environment, 69th, 2,308%) are among the other Czech enterprises in the ranking along with nsure, ShipEx Logistic, Bookbot, mime digital, wflow.com, SprayVision, Underground Food, Upvest, Retino, Vocalls and Pillow pojišťovna.

Software developer SmartLunch is listed as the fastest growing startup in Poland with revenue growth of 3,527%. It is 35th spot in the EMEA.

Solidstudio (software, 40th, 3,288%), Plenti (software, 45th, 3,146%) and Alsendo (software, 78th, 2,137%) are among the other Polish companies on the list along with Apsystems.tech, kicket.com, DAC.digital, Apzumi, PhotoAiD, alerabat.com, Blazity and Surfer.

EV charger AgeVolt Slovakia is the top Slovak company ranked. It is 142nd in the EMEA. Sensoneo is among the other Slovak entries on the list.

Parkl Digital Technologies is the top Hungarian ranked company and is positioned at 291st in the EMEA.

Middle East

Saudi Arabian software developer MrMandoob ranks as the fastest growing startup in the Middle East at 3,416% in revenue growth. It claims 37th spot in the EMEA. 

KABi (software, 39th, 3,329%), Wakeb and Qoyod are among the other Saudi Arabian companies in the ranking.

Rayqube Future Tech DMCC is top for the UAE and 193rd in the EMEA.

SEE

Romanian travel app developer Questo is the best performer in the SEE region with 1,955% revenue growth. It ranks 87th spot in the EMEA. Steepsoft AI and Ascendia are among the other Romanian companies on the list.

Dronemaker Dronamics is number one for Bulgaria at 1,326% growth. It ranks 124th in the EMEA. AMPECO and MClimate are among the other Bulgarian startups on the ranking.

EdTech Stemi wins for Croatia at 1,227%. It is 130th in the EMEA. Devot Solutions, B.I.D. Grupa and Aircash are among the other listed Croatian companies.

Turkey

In December, Deloitte released its Technology Fast 50 Turkey 2024 ranking. Deloitte has compiled the ranking since 2006.

Novi Robot

Novi Robot tops the table where Turkey is concerned, having boosted its turnover by 10,454% in the past three years. The company ranked 28th on the EMEA list, posting 4,207% of turnover growth in 2024.

Istanbul-based Novi Robot Teknolojileri, launched in 2013, develops robotic automation systems for manufacturing plants.

Figopara

Digital invoice financing fintech Figopara, ranked second as regards Turkey, is seen in 81st place, reporting 2,036% revenue growth in 2024.

Istanbul-based Figopara, launched in 2016, helps small and medium sized enterprises (SMEs) sell their invoices to lenders and factoring companies for cash at a discount before maturity.

Other ranked Turkish startups

Other Turkish companies in the EMEA ranking are as follows:

• Cekino (Software) isnot in the Top 10 for Turkey ranking (only figures for the Top 10 are provided for the Turkey list), but ranks 91st in the EMEA with 1,915% turnover growth in 2024.

• Omnichannel e-commerce infrastructure developer Ikas is in fourth place in Turkey with 3,689% turnover growth. It was in 111th place in EMEA with 1,446%. Ankara-based Ikas, launched in 2018 by Mustafa Namoglu, Omercan Celikler, Tugay Karacay and Umut Ozan Yildirim, provides SMEs with software to operate online stores.

• Sipay, another fintech, is in fifth place in Turkey with 3,530%. It was in 119th place in EMEA with 1,381%.

• Another e-commerce platform, EasyCep, is in sixth place in Turkey with 2,884% growth. It is 148th in EMEA with 1,118%. EasyCep, launched in 2018 by Mehmet Akif Ozdemir and Ismail Dincer, is a marketplace e-commerce platform for buying and selling second-hand (refurbished) electronic devices.

• ParamTech, another fintech that provides payment systems infrastructure services, is in seventh place in Turkey with 2,324% growth. It is 205th in EMEA with 889%. It is a unit of Param (formally Turk Elektronik Para), a payments platform launched in 2013 by Turuncu Holding.

• softglobal (Fintech) ranks 277th in EMEA with 676%.

• Norm Digital (Software) is 316th with 599%.

• HangiKredi (Fintech) ranks 317th, 594%.

• Param ranks 367th, 495%.

• Istanbul-based Bizigo, launched in 2017 by Erka Group, provides corporate travel management services. It ranks 374th, 487%.

• Paratika (Fintech) ranks 380th, 480%.

• Insha Ventures, a fintech venture developer launched in 2018 by Albaraka Turk (ALBRK, launched in 1984 by Al Baraka Banking Group (Bahrain/BARKA), ranks 402nd, 448%.

• DOF Robotics (Hardware) ranks 426th, 423%.

• Virgosol (Software) ranks 427th, 422%.

• Ankara-based Brandefense, launched in 2019, is a provider of cybersecurity services. It ranks 433rd, 419%.

• Istanbul-based Bilet.com, launched in 2015, is a ticketing platform. It ranks 438th, 414%.

• Sanction Scanner (Fintech), ranks 486th, 363%.

• Elekse Elektronik Para (Fintech), ranks 493th, 359%.

• Otelz (Software), ranks 497th, 355%.