Async Labs: Revenue growth of nearly 750 percent, among the fastest-growing IT companies for the second time

The digital agency Async Labs is the only Croatian IT agency that has been listed for the second consecutive year on Deloitte’s list of the 50 fastest-growing technology companies in Central Europe. The competition has been held for over 20 years in 3 categories: Technology Fast 50, Companies to Watch, and Stars of Positive Impact.

In the main category, Technology Fast 50, Async Labs ranked 33rd last year, alongside three other Croatian IT agencies: Three of Them (19th), Flow and Form (32nd), and Reactor Studio (37th). This year, eight Croatian companies made it to the main category of the fastest-growing technology companies in Central Europe.

Async Labs is ranked 42nd, and the other companies on the list include: Aircash, Devot Solutions, Netgen, Uprise, CircuitMess, Amplifico (Parklio), and Cinnamon.

– When you work hard, it can sometimes be difficult to stop, look back, and see how far you’ve come. This award recognizes that the effort we have invested in developing Async Labs over the past years has paid off and that we have come a long way. Definitely, for the entire team and me, this motivates and inspires us to work even more and better to remain alongside the fastest-growing companies in Central Europe – said Alen Huskanović, CEO of Async Labs.

Revenue growth of nearly 750 percent

The winners of Deloitte’s competition for the fastest-growing technology companies are determined based on revenue growth over four years (2018 to 2021). This year, Async Labs made the list with a growth rate of 747 percent, while last year’s growth was 725 percent.

Deloitte is a multinational professional services network with offices in over 150 countries worldwide.

Deloitte Technology Fast 50 in Central Europe is part of Deloitte’s global Fast 500 program. This prestigious annual award is a program that recognizes and profiles fast-growing technology companies in the region while celebrating innovation and entrepreneurship.

Second consecutive recognition

This is Async Labs’ second Deloitte recognition, and it is the only Croatian IT agency that has made it to this main category for the second consecutive year. Async Labs has also been recognized by Clutch as one of the best development agencies in Croatia and the region.

Since its market introduction six years ago, the agency has experienced continuous growth in all areas of business and currently has a team of 30 people with offices in Zagreb and London. In addition to developing custom digital solutions, marketing, and design in industries such as fintech, esports, and oil and gas, Async Labs stands out with its unique experience and portfolio of blockchain projects.

One of the more publicly known projects is Revuto, a successful Croatian fintech startup specializing in subscription management.

In collaboration with Revuto, Async Labs has become one of the pioneers of crypto innovators – among the first in the world to develop a native wallet on the Cardano blockchain platform.

– In the beginning, when we were just another agency in a row dealing with software development and marketing, blockchain technology offered us many more opportunities in the market. I am glad that we seized those opportunities, and such recognitions and every new one are an incentive for us to continue progressing and working – concluded Huskanović.