Bournemouth’s OnBuy ranked as fastest-growing eCommerce business in Europe
OnBuy.com, a Bournemouth-based online marketplace, has been named as the fastest-growing eCommerce business in Europe in the 2023 FT 1000.
The company has seen a massive 3,402 per cent growth since 2018, taking it to 25th on the annual list of which ranks Europe’s businesses by revenue growth,
The site, which currently has approximately six million customers and offers more than 35 million products, stands out from other marketplaces by not stocking its own inventory, meaning it is not in competition with its sellers.
Read more - Surrey's Lime Microsystems help Vodafone create nano 5G network
CEO Cas Paton said: “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.
“The ranking represents a springboard for us to take the next big step in our journey – there’s lots more to come.”
Read more - £341,000 to be invested in Beryl Bike Southampton Scheme
