Prepaid Financial Services (PFS) is Named as One of the Fastest Growing Technology Companies in the UK by the Sunday Times Tech Track 100 2015 - Listed Within the Top 25 for the 3rd Year in a Row
LONDON, September 7, 2015 /PRNewswire/ --
The Sunday Times Hiscox Tech Track 100, which is recognised as a source for investors, ranks the UK's private technology, media and telecoms companies with the fastest-growing sales over three years.
PFS, a leading global payment services provider and Fintech company has been ranked number 22 and according to the list is one of the companies which is profitable for the same period.
Since trading began in 2010, PFS has quickly evolved to become a significant player in the global prepaid and emerging payments space by operating as a physical and virtual card Issuer, BIN Sponsor, Financial Technology Provider, Programme Manager and Acquirer that specialises in providing turn-key solutions for governments, local authorities, corporates and consumers.
Noel Moran, CEO of PFS, said: "We are delighted to be listed within the top 25 fastest growing technology companies for the 3rd year in a row. These listings underline the hard work that the PFS team continues to put in to grow our company.
We were first listed in 2013 when our turnover was £6.2m. We expect our turnover in 2015 to be £27m+ which is a four-fold increase. We are extremely proud of this growth which has been achieved by developing our business into new areas such as Acquiring as well as expanding our global footprint significantly with the launch of multiple payment programmes for businesses and consumers. We now process transactions in 20 different currencies and currently have programmes live and active in 23 countries which is going to increase as we launch in 3 new countries before year end. This rapid growth rate means we are in the midst of a recruiting drive for experienced project managers, IT and admin staff to ensure we continue to grow at over 50% a year for the next 2 years."
Moran also added: "Fintech is one of the UK's most exciting sectors right now and it is experiencing substantial growth and investor interest. It is a particularly exciting time for innovators like PFS that have a track record of demonstrable growth and maintaining profitability to capitalise on the opportunities that this attention will bring."
The Sunday Times supplement said: "Founded in 2007 by chief executive Noel Moran, this company's key product is prepaid cards 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 payments, smartphone apps, multicurrency cards and corporate expense products. PFS is now focussing on growth in emerging markets, where an increased demand for cashless payments helped drive sales to £18.5m last year."
Notes to Editors
About Prepaid Financial Services
Prepaid Financial Services is a UK based multi-award winning global prepaid provider, e-money Issuer and a MasterCard supplier. PFS is authorised and regulated as an e-money issuer by the FCA in the UK and has passported its e-money license across the SEPA region to enable card issuance in up to 40+ countries. PFS operate as an Acquirer, Issuer, BIN Sponsor and Programme Manager which makes PFS unique in the payment space.
PFS manage multiple programmes' processing millions of transactions every week and our products are utilised by Governments, Local Authorities, blue chip corporations, SME's and individual consumers taking advantage of our cutting edge, secure technology.
Since launching in 2008, PFS has rapidly established itself as a trusted, dependable and credible prepaid provider to a range of clients across the globe and has been listed within the top 25 fastest growing technology companies in the UK for 3 consecutive years by the Sunday Times Tech Track 100.
For further information regarding Prepaid Financial Services and how prepaid solutions can benefit your organization, contact +44(0)207-125-0321 or [email protected] or visit our website at http://www.prepaidfinancialservices.com
You can follow us on Twitter and Facebook at @prepaidfs and prepaidfs.
Prepaid Financial Services Media Contact
Heather Gray
Marketing Manager
Email: [email protected]
SOURCE Prepaid Financial Services (PFS)
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