SelfWealth growth continues – named in top 50 in the AFR’s Fast 100
SelfWealth, Australia’s third largest share trading platform, has been named 48th in the Australian Financial Review’s 100 fastest growing companies for 2022.
During the year Selfwealth increased its overall retail trading market share to move into third place and has second place firmly in its sights being just 1% behind.
In the financial year ending June 30, Selfwealth increased its revenue to $20.3 million, increased its active traders by 32% to 125,944 and increased its funds under administration by 26% to $8.2 billion.
It is the second year in a row that Selfwealth has made the AFR Fast 100 list, having been 10th in 2021.
The award adds to an impressive list in 2022 with Selfwealth also:
- Been a Finalist in the Finder Innovation Awards for Best Investment Innovation
- Winner in three categories in the WeMoney Investment Awards: Best for Beginners, Best for Features and Best for Long Term Investors. It was also runner-up in two categories: Best for Australian Investments and Best for International Investments
- CEO Cath Whitaker was a Finalist in the Fintech Australia’s Leader in Tech Award and a Finalist in the B&T Women Leading Tech Executive Leader
Whitaker said that while the market had slowed in the past year compared to the massive growth during Covid, the wealth management platform was still increasing its market share.
“We have continued to offer our cohort more and more investment opportunities as well as providing them with a consideration amount of information for them to make better decisions about where and how to invest their capital.
“The fact that Selfwealth is the only investing/share trading platform in the top 100 is testament to the work the team has done. We are laser-focussed on helping our cohort build their wealth over the long term in stable and sensible way.”
