OnBuy has today been ranked as Europe’s fastest-growing ecommerce business following the publication of the FT 1000. They are the 25th fastest-growing business in Europe and 10th within the UK when considering all sectors of the economy. The annual list, announced for 2023 this morning, reports the latest annual ranking of businesses by revenue growth across Europe.
UK-based OnBuy has boomed since launching, making enormous ground in revenue and growth, to place 25th on the list – after achieving a remarkable 3402% growth since 2018 with their 2021 revenue reported as £12,535,527. Today’s ranking comes less than six years after OnBuy’s launch in 2016.
Today’s ranking comes just months after OnBuy placed eleventh on the UK Technology Fast 50 2022, Deloitte’s prestigious ranking of the UK’s fastest-growing tech companies – claiming top spot for the South West region industry-wide.
OnBuy currently has around six million customers, with over 35 million products listed from a wide range of sellers across a huge range of categories, with everything from collectables and memorabilia to tools and DIY.
Today’s inclusion on the FT 1000 as Europe’s fastest-growing eCommerce business is the culmination of a lot of hard work. I’m incredibly proud of the whole OnBuy team and the brilliant work that we have done as a group to get into this position.
I attribute the business’ strong growth to our collective commitment to providing a fairer ecosystem for both sellers and buyers. It’s really important to us as a company that our values remain consistent, with fairness and transparency always at the heart of the business. But this is just the start for us.
We’re on the verge of unveiling a series of incredibly exciting innovations that will help bring us even closer to our sellers and our customers allowing us to build a better, stronger marketplace for the future. Today’s ranking represents a springboard for us to take the next big step in our journey – there’s lots more to come!– Cas Paton, CEO, OnBuy
Ebay UK revenue for 2021 was approx. 1.5 billion, so Onbuy has achieved 0.8% of their turnover (12.5 million) in 6 years.
Another 750 years and onbuy will have parity. Text me when they get there lol
About 1% of eBay is good going for where they are. Are rate they are growing, that isn’t 750 years is it? that’s like 10 factoring some slowdown… or something?
More like 6 years…
In 6 years they have reached 0.8 % of ebay uk
Therefore in 60 years they’d have reached 8%
In 600 years 80% etc etc
After which Onbuy will be the dominant force in the universe. People will great each other with a vulcan hand sign saying Onbuy, Onbuy, Onbuy….
Never before has a company of so little relevance been promoted by so many and used by so few lol
Sadly they are linked to PayPal as payment provider. Not a reliable solution for sellers.
They recently moved away from PayPal and have their own payment solution/gateway.
Stigmas – sellers now withdraw funds from OnBuy direct into their bank account.
So Onbuy won’t let me sell, as they say I have failed verification. Absolutely ridiculous!
I’m registered as a seller on onbuy, but I couldn’t even get my lisitngs live on onbuy via linnworks. Support was useless in helping me get set up despite promising me the world.