People who find it difficult to obtain an overdraft from their banks might turn to Account Technologies, which develops software to analyse individuals’ bank transactions, and identifies and manages risks before approving loans. It tracks customers’ daily balances and deposits money when the balance drops below a pre-agreed level to avoid customers falling into unauthorised overdrafts and incurring charges. The company launched its first product, SafetyNet Credit, in 2012, and appointed Rob Ashton, 35, chief executive in 2013. Turnover — which comes from the interest charged on loans it approves— hit £68.2m last year, with operating profits of £19.3m, one of the highest in the league table.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.