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.
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.