Sifted Ranking: Yokoy is the Fastest Growing Start-up in Central Europe

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Picture of Jonathan Schmidt
Jonathan Schmidt

Munich, June 4, 2024 – Yokoy, provider of an AI-powered spend management platform for mid-sized and large enterprises, has been ranked the fastest growing startup (measured by revenue growth) in Central Europe by Sifted in its “Sifted 30: Central Europe” ranking. Sifted is a media brand supported by the Financial Times and is recognized as a leading observer of the European start-up community.

 

Yokoy’s spend management platform combines expense management, invoice processing and smart corporate card payments in one AI-based platform. With the help of pre-built integrations into all common finance and HR tools, Yokoy automates spend management for medium-sized and large companies worldwide.

 

Founded in Zurich in 2019, the fintech has achieved an average annual growth rate of 281.88% in the last three financial years, putting it at the top of the “Sifted 30: Central Europe” ranking.

“Yokoy's top ranking is a great confirmation of our mission to offer our customers the best spend management solution. I am particularly pleased that this ranking also reflects the strong trust that our customers place in Yokoy.”

With this ranking, Sifted lists for the first time the 30 start-ups in Central Europe with the strongest sales growth in the last three financial years. The top 30 companies come from Switzerland, Austria, Poland, the Czech Republic, Slovakia, Slovenia and Hungary. In total, the 30 start-ups received 850 million euros in funding, generated 792 million euros in turnover and employed more than 2,500 people.

 

The Sifted ranking was presented on June 3 as part of ViennaUp, an international start-up festival in Vienna lasting several days.

 

The complete ranking and further information can be found here.

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