Scotland business

Online accounting firm FreeAgent tops Deloitte growth list

An online accounting software firm has been named the fastest-growing technology firm in Scotland in a report by accountants Deloitte.

FreeAgent was placed eighth overall in the UK in Deloitte's Fast 50 listing for 2013.

FreeAgent reported a 2,128% rise in turnover between 2007 and 2012 to secure its place on the annual list of the 50 fastest-growing tech firms.

The Edinburgh-based company started with just three staff.

It has since grown into a business with more than 34,000 customers worldwide, and now employs more than 50 people.

FreeAgent is an online bookkeeping and accounting system targeted at freelancers and small businesses.

Chief executive and founder Ed Molyneux said: "The past few years have been an incredible journey for FreeAgent.

"When we first started out in 2007, there was just me and my two co-founders involved with running the business.

"Since then, we've been able to build our business successfully to the point where we now have people in more than 80 countries worldwide using FreeAgent."

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