Neil Bellamy, our National Sector Head of Technology, Media, Telecoms and Services says: “Congratulations to hyperexponential from everyone at the bank. As its name suggests, this London-based FinTech is growing rapidly by tapping into the UK’s thriving insurance market and solving key business problems with great software, connected data sets and clever mathematical modelling.

“An outstanding client roster and significant new funding round means their future trajectory could indeed be hyper-exponential, with a New York office opening later this year.”

Megabuyte says: “hyperexponential is a genuine disrupter in the insurance industry with its ability to sit on top of a clunky technology estate and pool an insurer’s data in real time for more informed pricing decisions. It has expanded profitably, according to reports, with the help of attracting some big-name insurance clients.

“Its progress has been validated by a significant new equity funding round, which will fuel plans to extend into adjacent insurance segments and new regions, including the lucrative US market.”

To read all about the latest top performing scale-up companies, download the Megabuyte 2024 Emerging Stars Report (PDF, 1,564KB).

Coming soon! Look out for our interview with Michael Bateman, CEO of UK tech firm Zenzero. He’ll be sharing his insight on M&A, attaining B Corp status, and the opportunities and challenges from AI.

For more insight and inspiration on sustainable growth and sector trends, visit the Sector Trends page.