Chief executive Noel Moran, 46, founded Prepaid Financial Services in 2007. Its flagship product is a prepaid card used by individuals, corporations and local authorities throughout Europe to monitor and control staff spending. The firm, which operates in 23 countries, has also launched contactless payment systems, smartphone apps, multicurrency cards and corporate expenses products. Last year it was valued at over £50m when it sold a 5% stake to an unnamed investor. The launch of prepaid cards in Latvia and Spain helped boost sales to £28.8m in 2015.

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.

Company details
Year2016
Rank56
CompanyPrepaid Financial Services
ActivityPayment services provider
LocationCentral London
Average 3 year sales growth67.15%
Latest sales £000s28,814
Staff47
Founded2007
Websitewww.prepaidfinancialservices.com

If applicable:

* supplied by company † annualised figure