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Reapit named as one of the UK’s top tech firms in list backed by Rothchilds

Reapit is the only property-related firm to make it into the list but company says it is the 'vanguard' of greater things to come from proptech.

Nigel Lewis

Property tech firm Reapit has been named as one of the UK’s top technology firms in a list backed by global banking giant Rothschild.

Reapit is the only proptech firm to make it into the 50-strong Megabuyte Scorecard list since it was first compiled five years ago, and has been placed at No.17.

The scorecard is widely recognised as the technology sector’s most independent measure of comparative peer performance and is an influential reference among corporate, advisory and finance communities.

Reapit says its inclusion in the list justifies claims that the proptech sector is beginning to mature and may soon rival its banking counterpart fintech for investment and growth.

KPMG recently claimed that it will take another three or four years for technology based commercial and residential platforms to begin to significantly take hold within the property industry.

Vanguard

And Reapit claims it is the ‘vanguard of the further successes to come from the proptech industry as a whole’.

“The Megabuyte Scorecard is an invaluable tool when assessing financial performance and acts as a reliable reference point for Reapit’s progress made organically and through our acquisition strategy,” says Reapit CEO Gary Barker (pictured, above).

The company may rise up the rankings next year; it’s 17th placing was judged before the recent launch of its Foundations PaaS and App marketplace.

“Our position on this list matters especially for our customers, because it gives them a third-party view on the sustainability of our business, reassuring them that Reapit is going to be around for a very long time to come,” says Barker.

Read our exclusive interview with Barker.

January 30, 2020

One comment

  1. Gary Barker – at last the really big plaudits are coming your well deserved way, and it might be seen as a wake up call the need for proptech in all sectors of the industry. I will be interested to see when you personally are in the top 50 richest in the UK list, this could be far sooner than you think. It has been easy for you though, just many decades of gruelling slog. Overnight success, I have never met anyone with a really good business that makes big profit who does not work as hard you.

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