Optal, a world leader in optimising B2B transactions, has been placed on the renowned Sunday Times HSBC International Track 200 list for the third year in a row, recognising its status as one of Britain’s fastest-growing firms.
Compiled by Fast Track and published in The Sunday Times in February, the annual list features the UK’s mid-market privately held companies with the fastest growing international sales over the previous two years. Organisations with between 10 and 1,000 employees that generate between £1 and £100 million in international sales are eligible.
Featured on the prestigious list since 2018, Optal joins globally recognised brand names such as Brewdog, Mountain Warehouse and Fentimans.
This latest recognition for the firm comes on the back of a long line of accolades over the past three years. These include being placed on the Sunday Times Hiscox Tech Track 100 list of the UK’s fastest-growing tech firms, and in the London Stock Exchange Group’s prestigious 1000 Companies to Inspire Britain report.
“We’re delighted to see Optal rubbing shoulders with the country’s most successful international brands once again. It shows that our mission to transform B2B payments for customers through optimised processes has real global reach,” said Optal Chief Marketing Officer, Bradley Eccleshare.
“We’re confident that our global issuing capability, broad suite of regulatory licenses and innovative technology platform will help to drive continued expansion.”
Optal offers two main platforms to help global customers optimise payments: Virtual Account Numbers (VANs) and Invapay, a working capital solution.
VANs are single-use virtual card numbers that can be used to pay suppliers digitally, removing many of the costs, risks and manual errors associated with legacy payments like cheque and BACS.
Invapay, meanwhile, offers finance departments an opportunity to consolidate all their B2B payments onto commercial credit lines, to optimise working capital.