OB10 claims that its software saves its customers time and money, as well as reducing their effect on the environment. The company’s invoice delivery system allows purchase orders to be sent electronically, and lets suppliers quickly check the status of an order. About two-thirds of turnover originates in Europe and one-third in America. The company is based in London but has offices in Germany, Bulgaria, Malaysia and America. Customers include Hertz, Lufthansa and Tesco. OB10 was founded in 2000 by four former Visa employees and has raised £41m from a number of investors, including FF&P. Sales grew 41% a year from £4.7m in 2007 to £13.1m in 2010, when the company made a significant loss.
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.