Optal has been picking up accolades left, right and centre since we broke onto the fintech scene a few years ago. Our customers know first-hand the transformative benefits we can offer businesses by optimising their payment processes. But it’s always heartening to get the message out there to those that have not.
That’s why we’re delighted to have been named on the London Stock Exchange Group’s prestigious 1000 Companies to Inspire Britain report. It’s yet more recognition of just how powerfully our message is resonating with the market.
Leading by example
Optal offers two main platforms to organisations. Our Virtual Account Number (VAN) Mastercard solution enables finance departments to pay suppliers via 16-digit, single-use numbers. It’s quick, easy and highly automated — removing the human error, manual processes, administrative overheads and bank charges that commonly dog legacy payments like cheques and fund transfers. Our Invapay business, meanwhile, offers an innovative solution for companies that want to consolidate their supplier payments onto a single commercial credit line, in order to streamline processes and maximise working capital.
The finance department simply pays Invapay by credit card and we forward the sum on by electronic fund transfer. It’s simple, quick and great news for the business.
One in a thousand
The LSE Group’s latest report highlights Optal as one of the 1,000 fastest-growing companies in the UK. We sit alongside some of the most dynamic businesses in the UK, from all regions and across all sectors including Engineering & Construction, Retail, Manufacturing and Healthcare. This report matters, as evidenced by forewords from the Prime Minister, First Minister of Scotland, CEO of the British Business Bank and other luminaries.
They all argue how important it is for the UK’s SMEs to succeed. After all, smaller firms account for 60% of all private sector employment in the country, and companies in this year’s report created over 95,000 jobs over the past two years. At Optal, we’re proud of the part we can play in driving the prosperity of the British economy, whilst solving unique B2B payments challenges so our customers can do the same.