Founded by chief executive Alexander MacAngus, 58, and chief strategic officer Richard Smith, 43, in 2010, this Guildford firm spent four years on development before debuting its payment processing platform for online retailers. It also helps clients to increase their credit card acceptance rates worldwide, reducing “basket abandonment”. It raised £10m from private equity firm Magenta Partners in 2017. International sales — made up of processing fees — reached £9.2m last year, with businesses in Canada, Australia and Nigeria using its platform.

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Company details
Year2019
Rank22
CompanyPayen
ActivityOnline payment provider
LocationGuildford
2 yr av intl sales growth % pa117.51%
International sales £000s9,151
Total sales £000s9,760
Staff25
Founded2010
Websitewww.payen.com

If applicable:

* Supplied by company † Annualised figure