Chetwood Financial, headquartered in Wrexham, has secured a spot on the prestigious 2023 Wales Fast Growth 50 roster. This list pays homage to the 50 swiftest-expanding enterprises within the Welsh economy, applauding businesses that achieve remarkable growth, employment opportunities and economic prosperity.
Established in 2016, Chetwood is a digital bank with a resolute mission to leverage technology for the betterment of individuals’ financial standing. This marks the company’s consecutive second appearance on the Wales Fast Growth 50 list.
Not only does Chetwood claim a position among the top 50 businesses, but it has also been nominated for the title of the fastest-growing financial services company in Wales. Furthermore, it’s in the running for the fastest-growing establishment in North Wales—an accolade it clinched in 2022.
The Chetwood team has grown by 93 people over the past 12 months. Its turnover increased by 255% in the same period.
Chetwood has four consumer products: LiveLend, BetterBorrow, SmartSave and Wave. Each was created to serve distinct customer segments, using technology to take time, complexity, and friction out of the process of accessing new financial products.
“We are delighted to be named in the Wales Fast Growth 50 for the second year running,” said Chetwood’s founder and CEO, Andy Mielczarek. “We are proud to be a digital bank based out of Wrexham, and awards like this offer a timely reminder that we’re doing our bit to serve consumers and also boost the Welsh economy.
He continued: “The past 12 months have thrown into focus the need for smarter, faster, and more agile banking products. The cost-of-living crisis has put millions of UK households under great financial pressure. Meanwhile, sadly, despite the base rate rising significantly, many high-street banks have not done enough to pass on better interest rates to savers.
“We exist to provide consumers with products and rates they cannot find on the high street, and this has underpinned another year of strong growth for Chetwood. But there is no room for complacency, and we will strive to improve further, ensuring Britons can benefit from our market-leading products.”