Magenta portfolio company TrustpayGlobal ranks #29 in Sunday Times Tech Track 100

Founded by chief executive Alexander MacAngus, 57, and chief strategic officer Richard Smith, 42, in 2010, TrustpayGlobal spent four years on development before debuting its payment processing platform for online retailers.

The Guildford-based business also helps clients to increase their credit card acceptance rates worldwide, reducing “basket abandonment”. It operates in 12 currencies, with 80% of sales coming from international markets. Sales, which represent processing fees, were £9.8m in the year to March 2018, and it plans to hit £25m in the next three years.

For further details please see: (formally known as Trustpay Global)