Optal, a world leader in optimising B2B transactions, is delighted to announce its place on the Sunday Times Tech Track 100 for the second year in a row as one of the UK’s fastest growing technology firms.
Now in its 18th year, the programme celebrates the best of the UK’s burgeoning tech community: the 100 privately owned companies which have had the fastest-growing sales figures over the previous three years.
This year’s list sees Optal jump two places up from 2017’s 16th position, when the firm’s annual sales rise over the previous three years was pegged at over 162%.
“We’re delighted to see Optal continue to gain recognition as one of the UK’s fastest growing technology companies. It’s down to a combination of great staff, an innovative offering which is resonating with CFOs across multiple sectors, and a lot of hard work,” said Andrew Downes, General Manager at Optal. “Optal has shown that B2B payments should no longer be viewed as a cost of doing business: with our tools, organisations can streamline payment processes, unleash working capital and turn costs into revenue while minimising payment and fraud risk.”
Optal’s flagship Virtual Account Number (VAN) solution generates one-time, 16-digit, card numbers to drive fast, simple and secure B2B payments.
Its Invapay business offers another unique solution to corporate payment headaches: by utilising the Invapay platform, to enable organisations to use credit cards to pay suppliers, even if they don’t accept cards. This enables buyers to maximise their Days Payable Outstanding (DPO), and therefore optimise working capital.
The news comes hot on the heels of another accolade for Optal: 14th place on the Deloitte Technology Fast 50 list and a top fifth spot on the prestigious Deloitte Technology Fast 500 rankings as one of EMEA’s fastest-growing tech firms.
Recognition has also come via the Sunday Times Grant Thornton Top Track 250, and the inaugural FT1000 list of Europe’s 1,000 fastest-growing companies. Optal was also named as one of the 1,000 most inspirational companies in Britain by the London Stock Exchange Group.