Optal, a world leader in optimising B2B transactions, has been placed on the Sunday Times Hiscox Tech Track 100 for the third year in a row as one of Britain’s fastest-growing private technology firms.
The accolade sees Optal once again rubbing shoulders with some of the UK’s most dynamic companies — united in their use of innovative technology to drive growth and delight customers.
Compiled by Fast Track and published in The Sunday Times every September, the Tech Track 100 is the definitive list of the UK’s fastest growing private tech firms, calculated from sales over the past three years.
Previous success stories include cybersecurity firm Sophos, which went public in 2015 with a valuation of £2bn, and property site Zoopla, bought last year for £2.2bn.
Recognition for Optal on the Tech Track 100 is the latest in a long line of accolades including most recently a listing on the London Stock Exchange Group’s prestigious 1000 Companies to Inspire Britain report. Over recent months, Optal has also been named on the Sunday Times HSBC International Track 200 list of Britain’s mid-market private firms with the fastest-growing international sales.
“It’s hugely gratifying to see Optal once again named one of the UK’s best performing companies. It’s testament to the hard work of everyone on the team and another reminder of how strongly our solutions are resonating with customers,” said Bradley Eccleshare, Chief Marketing Officer.
“Going forward we’re committed to finding new and innovative ways to strip away cost and inefficiency from B2B payments, in order to drive business value for these global businesses.”
Optal uses digital technology to redefine supplier payments.
Its Virtual Account Numbers (VANs) platform allows finance teams to pay suppliers using single-use, 16-digit card numbers. They’re fast, simple and automated, minimising the human error, administrative overheads and fraud and data security risks associated with legacy payments. Businesses can also turn a traditional cost centre into a revenue stream with rewards available on each transaction.
Optal’s working capital solution, Invapay, turns underutilised credit card lines into a dynamic resource to manage cashflow. It allows businesses to handle large payment deadlines for utilities, overheads and even tax, putting commercial credit card facilities to work and ensuring banking partners benefit from smarter and more flexible use of credit services offered to business customers.
To find out more, please visit www.optal.com