Glasgow-based healthcare and life sciences company Phlo was last night named the UK’s ninth fastest-growing technology company in the 2026 Deloitte UK Technology Fast 50 awards, after achieving revenue growth of 3,846% over three years.

Phlo develops digital healthcare solutions that help brands deliver safe, seamless care at scale, and is the highest-placed company in this year’s ranking from outside London and the South East.

Edinburgh-based Aveni also features in this year’s Fast 50, ranking 48th with three-year revenue growth of 727%. The FinTech company builds AI specifically for the financial services sector, with a mission to drive safe, responsible AI transformation across the industry.

The awards recognise and rank the 50 fastest-growing technology companies in the UK, based on average revenue growth over a three-year period, with the prestigious ceremony taking place last night, Thursday 5th November, at the Park Hyatt London River Thames.

There was further Scottish success on the night. Simple Online picked up the Sustainable Growth award, with Wordsmith AI winning in the ‘Rising Star’ category. Elsewhere, former Fast 50 winner Skyscanner were recognised with the Alumni Award.

Claire Robb, Partner at Deloitte in Scotland, said: “The Fast 50 continues to showcase some of the UK’s fastest-growing and most innovative technology companies, and it is fantastic to see Phlo and Aveni as Scottish representatives in the top 50 this year.

“Their success demonstrates the ambition and resilience of Scotland’s technology sector, with businesses continuing to innovate, scale and pursue growth amid a challenging economic backdrop.

“Technology plays an increasingly important role in Scotland’s economy, and the success of Scottish firms recognised across this year reflects the strength of the entrepreneurs and teams behind these businesses and the contribution that fast-growing technology companies make to innovation, jobs and economic growth.

“Congratulations to them and to all of this year’s Fast 50 companies. Creating the right conditions for more of these businesses to start, scale and succeed in Scotland will be important to strengthening the country’s technology ecosystem as a whole.”

Alistair Murray, Chief Operating Officer, Phlo, said: “Phlo set out to build a technology company that operates in healthcare, and that’s what has let us grow at pace while keeping the patient experience at the heart of everything we do. We want to credit the people that make Phlo: our team in Glasgow, where Phlo began and we still call home, and their colleagues right across the UK. We’re just getting started.”

Joseph Twigg, CEO at Aveni, said: “Being named one of the UK’s 50 fastest-growing technology companies in the Deloitte Technology Fast 50 is a proud moment for everyone at Aveni. Our growth reflects the hard work of our whole team, the trust our customers place in us, and the growing appetite across financial services for AI built specifically for the industry.

“Our mission has always been to drive safe, responsible AI transformation across financial services. As a company built in Scotland, we’re delighted to be recognised alongside some of the most innovative businesses in the UK tech sector, and we’re excited about the next stage of our growth.”