SmartSearch rises to number 15 on Sunday Times Profit Track list
Anti-money laundering (AML) business SmartSearch has achieved 15th position on the Sunday Times Profit Trach list.
The list recognises British companies with the fastest growing profits across all sectors over the last three years.
SmartSearch has seen an increase of more than 80% in profits over the last year, and a sixfold rise over the three-year period looked at for the purposes of this ranking.
The firm previously featured at number 86 in the 2019 Tech Track list, which focuses specifically on the technology sector.
This follows SmartSearch’s ranking at 596 out of 1,000 firms on the Financial Times list of fastest growing European countries.
This is a rise of more than 300 places compared to the previous year.
The Financial Times also placed the company in the top 20 European fintech firms.
John Dobson (pictured), CEO at SmartSearch, said: “We have managed exponential growth over the past few years and it is wonderful to see this recognised in yet another highly prestigious league table, clearly showing that we are one of the top growing companies in the UK.
“Never before has electronic verification and anti-money-laundering software been more important.
“The lockdown due to coronavirus has escalated the need for lawyers, accountants, estate agents, banks, building societies and financial advisers to carry out electronic checks on their customers.
“The fraudsters do not stop just because we are in a lockdown situation and SmartSearch has created a solution that is quick, affordable and almost instantaneous – as well as being significantly more reliable than paper checks.
“A fully digital AML solution is the only way for firms to stay fully compliant while working remotely.”