Founded in 2002 by Rob Bishop, 62, Optal issues Mastercard-branded payment products to simplify and reduce the cost of B2B payments. Its single-use virtual bank account numbers are used by travel, insurance, education and e-procurement companies to make fast, secure payments to suppliers that are accepted at 35m locations. Sales, which represent fees charged, grew to £177.4m last year after it expanded the number of currencies in which it offers payments to 34, and thanks to increased demand because of a growing online travel market. In 2017 it acquired the payment technology company Invapay for an undisclosed sum.

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Company details
Year2018
Rank14
CompanyOptal
ActivityPayment services provider
LocationCentral London
Average 3 year sales growth169.29%
Latest sales £000s177,653
Staff65
Founded2002
Websitewww.optal.com

If applicable:

* supplied by company † annualised figure