Tech Track 100

Founded by chief executive Alexander MacAngus, 58, and chief commercial officer Richard Smith, 43, in 2010, Payen spent four years on development before releasing its payment processing platform for online retailers. The Guildford-based business also helps clients increase their credit card acceptance rates worldwide, reducing “basket abandonment”. It operates in 12 currencies, with the majority of revenue coming from international markets. Sales, which consist of processing fees, were £14.2m this year. The company is backed by Magenta Partners, which invested £10m in 2017.

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Company details
Year2019
Rank55
CompanyPayen
ActivityPayment services provider
LocationGuildford
Average 3 year sales growth80.58%
Latest sales £000s*14,211
Staff32
Founded2010
Websitewww.payen.com

If applicable:

* supplied by company † annualised figure