Magenta portfolio company Payen ranks #22 in the Sunday Times WorldFirst SME Export Track 100

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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