Manchester FinTech Zuto achieved record growth in its latest financial year, with turnover up 26%.
The tech provider for car finance saw turnover reach £61.8m for the year ending June 2024.
Zuto reported £7.2m EBITDA for FY24, an increase from £6.8m in FY23.
It said that recent customer volumes, revenue and profit indicate that strong momentum continues into the financial year ending June 2025, with revenue currently tracking at 35% YoY growth.
The firm has expanded its partner network over the last year and introduced new lenders to its platform, with a focus on providing a smooth customer journey.
More than 300 finance products are now available, providing whole of market solutions for people looking at finance to purchase their car.
To support its growth, the company has expanded its team with new hires in cybersecurity, technology, marketing, partnerships and data analytics. It has also taken an additional floor in its Manchester HQ on Exchange Street, expanding its footprint to 30,000 sq feet.
“I am incredibly proud of Zuto’s achievements over the last year. Seeing our record performance continue in this financial year with us currently delivering 35% YoY revenue growth is exciting,” said COO Aimee Gethin.
“As we invest further in our technology and team, we remain focused on delivering transparency, trust and efficiency for our customers, dealers and lending partners. In a competitive market, our ability to blend innovation with human expertise is a key differentiator.”