Founded in 2000 by four former employees of the payment-card group Visa, OB10 operates an invoice delivery system that enables organisations to send and receive invoices electronically without the hassle of processing paper files. The London company has raised £34m in six rounds of funding since 2002 from investors that include Cargill and Lynx and FF&P Private Equity. International growth and an increase in sales staff have helped sales to rise 55% a year from £1.9m in 2005 to £7.1m in 2008.
|Activity||E-invoicing system provider|
|Average 3 year sales growth||54.91%|
|Latest sales £000s||*7,104|
* supplied by company † annualised figure