Ixaris claims to have implemented the first virtual Visa card programme in Europe. It designs and administers a variety of virtual, pre-paid cards, providing a plastic-free way of spending money online. Sales soared 87% a year from £1.3m in 2007 to £8.5m in 2010 as customers discovered special uses for the cards, such as avoiding credit card charges on budget flight bookings and withholding identity information when dealing with online merchants. Headed by chief executive Alex Mifsud, the firm secured £3.5m in a funding round led by Foresight Venture Partners in 2006.
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