FundedNext, the flagship product of UAE-based fintech group NEXT Ventures, has been ranked as the top fintech in the Deloitte Technology Fast 50 for the Middle East and Cyprus, securing second place overall. The company announced the milestone on Monday (29 June).
The Deloitte Technology Fast 50 is produced by Deloitte, one of the four largest professional services firms in the world alongside PwC, EY and KPMG. The ranking is determined solely by four years of independently audited revenue growth. The complete results can be found on Deloitte’s official results page: https://www.deloitte.com/middle-east/en/services/deloitte-private/services/technology-fast-50-5th-edition-results.html
FundedNext also placed 11th in the Deloitte Technology Fast 500 for Europe, the Middle East and Africa (EMEA), a ranking of the 500 fastest-growing technology companies across 24 countries in the region. Through this achievement, founders Syed Abdullah Jayed and Syed Abdullah Galib have become the first Bangladeshi entrepreneurs to receive this global recognition.
Established in 2022, FundedNext now operates in more than 170 countries. NEXT Ventures’ portfolio also includes FNMarkets, a regulated brokerage. The group is headquartered in the UAE with operational hubs in Malaysia, Cyprus and Sri Lanka, while Bangladesh serves as its back-office hub. NEXT Bangladesh Ltd. employs over 500 people and is recognised as one of the country’s leading IT-sector foreign remittance earners.
CEO Syed Abdullah Jayed said the Deloitte Fast 50 holds particular significance because no company can influence where it ranks — the results are determined purely by four years of independently audited revenue growth.
“Winning a place on Deloitte’s Fast 50 is special because no company can influence where it ranks. It comes down to four years of independently audited revenue growth. We’re proud a company with Bangladeshi roots is measured among the fastest-growing tech firms across Europe, the Middle East and Africa,” he said.