Five Greek Australian women have been recognised in Startup Daily’s annual list of the Top 50 Women Entrepreneurs in Australia under the age of 40.

Released just in time for International Women’s Day, Greek Australian Jess Hatzis took out the top spot as one of the co-founders of Frank Body.

The unique skin care range made from coffee not only has a revenue of over $20 million, but has been recognised for its impressive use of social media.

Also selected was 30-year-old businesswoman Dimitra Markogiannaki, ranking at number 29.

Born and raised in Athens, the entrepreneur ventured out to Australia six years ago to pursue her postgraduate studies at Melbourne University.

While studying and with the motivation of those closest to her, Markogiannaki developed website WeTeachMe – a community-based platform for new and upcoming entrepreneurs looking for tips and advice on developing and promoting their businesses.

Other Greek Australian women on the list were Brisbane-based Thessy Kouzoukas and Yiota Karalouka of online fashion sensation Sabo Skirt, ranked at number three; and Charlotte Petris from InvoiceBid ranked as the 50th female entrepreneur.