FundedNext, the flagship fintech product of UAE-headquartered NEXT Ventures, has been named the top fintech company in the Deloitte Technology Fast 50 for the Middle East and Cyprus region, placing second overall. The announcement was made on Monday (29 June).
The Deloitte Technology Fast 50 is produced by Deloitte — one of the Big Four professional services networks alongside PwC, EY and KPMG. Rankings are determined solely on the basis of four years of independently audited revenue growth. Full results are available 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 ranked 11th in the Deloitte Technology Fast 500 for Europe, the Middle East and Africa (EMEA) — a list of the 500 fastest-growing technology companies across 24 countries in the region. Founders Syed Abdullah Jayed and Syed Abdullah Galib have thereby become the first Bangladeshi entrepreneurs to earn this global distinction.
Founded 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 and maintains operational hubs in Malaysia, Cyprus and Sri Lanka, while Bangladesh serves as its back-office hub. NEXT Bangladesh Ltd. employs over 500 people and ranks among the country’s leading IT-sector foreign exchange earners.
CEO Syed Abdullah Jayed said the recognition carries particular weight because the ranking cannot be influenced by any company, as placement is determined entirely 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.