Optal, a global leader in optimising payments, has been recognised yet again as one of the hottest and fastest-growing companies in the UK: this time with a place in the FT’s inaugural Future 100 special report.
Produced in partnership with data provider Statista, the FT Future 100 is designed to list those fast-growing UK companies also making an impact on their industry and/or society.
To make it on the prestigious list, companies must meet a strict set of criteria, evaluated by an expert panel led by FT journalists. They must be independent, have posted revenue of at least £1.2m in 2016, and have made a positive impact in at least one of four areas: diversity, social or environmental impact, industry disruption and consistent growth.
Optal’s position in the FT report is guaranteed by its ranking in the FT 1000 list of Europe’s fastest-growing companies for the past two years. This year’s recently released list places Optal inside the top 50, with a CAGR between 2013 and 2016 of over 187%.
This latest recognition from the FT comes hot-on-the-heels of multiple national and international accolades, including 14th place on the prestigious Sunday Times Tech Track 100, which lists the country’s fastest-growing tech firms. Optal was also named on the Deloitte Technology Fast 50 and claimed a top five spot on the Deloitte Technology Fast 500 rankings as one of EMEA’s fastest-growing technology firms.
“We’re delighted to see Optal recognised yet again by a highly respected provider of market insight, not only as a leader in fintech but of UK private enterprise in general. It’s testament to the hard work of the team and the impact we’re having on finance departments all over the world,” said Andrew Downes, General Manager, Optal. “CFOs are starting to change their long-held perception of B2B payments as simply a cost of doing business. With Optal they can streamline processes, drive efficiencies and even turn costs into a new revenue stream.”
Optal’s flagship Virtual Account Number (VAN) solution allows buyers to pay their suppliers via 16-digit, single-use card numbers in a simple, secure, and highly automated manner; while, its Invapay product offers a slightly different payment option, enabling firms to use credit cards to pay suppliers that don’t traditionally accept cards and make use of underutilised working capital.