Virgin Media Business has announced ‘Disruptor 10’, where ten companies including Blockchain, the digital currency wallet, are recognized for having a business model, product or service that is creating a new market or transforming existing markets and rapidly taking market share from competitors.
The companies involved in the Disruptor includes a business information company AlphaSights, BrewDog, Crowdcube, Ecotricity, a property finance firm LendInvest, retail marketplace Notonthehighstreet.com, currency transfer company TransferWise among others.
“These disruptors are re-writing the business rule book. Many of our 10 have gained an edge over larger companies by using the crowd to attract customers, develop new products or secure funding, and primarily rely on social media and word-of-mouth recommendations to help them gain traction in new markets,” Peter Kelly, MD at Virgin Media Business, said in the release.
Apart from Blockchain company, Crowdcube which has helped raise more than 10 percent of the UK’s public equity funds this year, and online finance platform LendInvest, which already has a 10 percent share of its short-term mortgage lending market since launching in 2013, have made the list.
Also making the list is PureGym, which has attracted more than 800,000 customers to its contract-free, low price-point gyms since 2008. Currency transfer firm TransferWise is also among those in the top 10.
“At the core of the disruptive forces in all these businesses are digital innovation and technology platforms. The success of these disruptors shows how digital has progressed in just one generation and is the now the backbone of successful companies who are taking market share away from companies who are less digitally focused,” Kelly added.
The overall winner will be receiving a special award at the Fast Track 100 national awards dinner, hosted by business magnate Richard Branson in May 2017.
