Monday, 11 September 2017, London:
Optal, a world expert in optimising B2B transactions, is delighted to announce it has been placed 16th on the Sunday Times Hiscox Tech Track 100 list of Britain’s fastest-growing businesses.
Now in its 17th year, the Sunday Times Hiscox Tech Track 100 league table ranks the country’s 100 privately owned firms with the fastest-growing sales over the past three years.
The latest rankings are testament to Optal’s tremendous success and see the firm follow in the footsteps of some big-name UK firms, including property site Zoopla and cyber security firm Sophos; both now public companies valued at around £1 billion.
The listing also comes hot on the heels of Optal’s seventh place on the inaugural FT1000 list of Europe’s 1,000 fastest-growing companies.
Optal was also recently named by the London Stock Exchange Group as one of the 1,000 most inspirational companies in Britain; a list which awards only those with the strongest revenue growth and sector performance over the past three years.
Optal’s focus is on optimising, simplifying and stripping unnecessary cost from B2B payment processes – reducing in risk, improving transaction reconciliation, reducing costs and enabling revenue generation from payments.
This is done primarily through a Virtual Account Number (VAN) payment solution which automatically generates single-use Mastercard numbers to facilitate quick and easy payments, accepted at 35 million locations worldwide.
Through this and other innovative solutions, Optal is reinventing how payment processes work across a number of complex industries including travel, insurance and electronic procurement.
“We’re delighted that Optal has been placed so high up on the prestigious Sunday Times Hiscox Tech Track 100 list. It’s validation of the great work we’re doing for organisations across the globe, helping them to reduce risk and costs and boost profits by streamlining B2B payments,” said CEO, Rob Bishop.
“As Europe’s fastest-growing FinTech firm we’ve no intention of stopping here. With the continuing development of new capabilities, new partnerships and ambitious growth plans, we’ll be looking to help even more businesses in many more markets optimise supplier payments.”