Blue Motor Finance has been named as the 21st fastest growing business in Europe in the Financial Times' annual FT1000 listing.
The business also ranked as the 2nd fastest growing business out of the 27 financial services and Fintech businesses at a time which the business said was "particularly significant in the context of the UK’s competitive consumer finance market".
Blue’s chief operationg officer, Chris Jone, said: “Blue have a culture of innovation and continual improvement and this has created a virtuous cycle of growth and development. We have maintained our growth and have already achieved another two thirds increase on the 2016 figures analysed by the Financial Times, lending over half a billion pounds to over 50,000 customers.”
Blue says its achievement is the result of having one integrated and seamless platform from introducer set up to account management.
It offers an app based ecosystem, which forms a one stop shop solution to customers that claims to be "simple, flexible and fast".
The whole operation is said to be low cost, efficient and capable of significant scaling.
The FT produces an annual ranking of businesses across 31 countries in Europe. It believes that innovative and fast-growing companies are the driving force for Europe’s economy in the 21st century. Exploring and making these performances publicly available is the aim of the FT1000.
Since 2014 Blue has written more than £600m of business and has grown from a start-up into one of the market’s main players, employing 165 people and working with more than 3,700 motor retailers in the UK.