Buy-to-let lender Landbay has been classified by the Financial Times as one of the fastest growing companies in Europe.

It reached number 12 in the latest FT1000 annual list of the fastest-growing European companies. The newspaper lists the European companies that have achieved the highest compound annual growth in revenue from 2016 to 2019. Landbay is ranked at twelfth, off the back of an absolute growth rate of 5520.3% across the period.

Landbay was one of only 14 UK companies in the top 50. It is the top ranked financial services business on the list and the second highest ranked fintech.

Landbay’s notification from the Financial Times stated: “In the end, we were able to identify outstanding companies among millions of European enterprises. Landbay Partners clearly stood out, and as a result will be publicly recognised in the FT as one of Europe’s Fastest Growing Companies.”

Julian Cork, COO of Landbay, said: “Reaching twelfth on such a prestigious list is real recognition of how hard our team has worked over the past few years and is a tangible sign of our ambition to become the UK’s number one specialist buy-to-let lender. The incredible level of growth we’ve achieved in a relatively short time is due to our constant innovation and dedication to customer service.

“We strive to ensure buy-to-let lending is as simple and efficient as possible and by working closely with intermediaries, we continually improved our offering. The key to our success is our scalable, technology-enabled and service-focused lending platform. We designed process and systems that means we can do things faster and more efficiently and crucially, provide a better experience for intermediaries and their clients.

“Alongside increasing our revenue, we also want to help change the shape of the whole buy-to-let industry providing intermediaries with a vision of what lending could and should look like.”