Additionally, Optimum Finance increased its staff numbers by 40% over the course of last year.
Optimum Finance funded over £100m in invoices last year, this is up on £71m funded the year prior.
According to the firm, it increased its client numbers by over 50% in 2019, which it says reflects the need for small business to access fast flexible funding to stimulate cash flow and unlock capital.
Additionally, Optimum Finance increased its staff numbers by 40% over the course of last year.
Furthermore, it is the process of rolling out new proprietary technology targeted at intermediaries, commercial brokers and accountants.
Richard Pepler, chief executive at Optimum Finance, said: “Our performance in the last year is testament to the highly experienced team we have in place. Our relationships with intermediaries and the SME businesses we fund are the bedrock of how we do business.
“This year we are focussed on rolling out our market-leading technology which will remove manual processes and enable closer working relationships between our account managers and their business customers.
“We want to challenge the status quo in the market which has existed for many years and this, coupled with the forthcoming growth in our funding line, will mean we can support many more small and medium businesses in 2020 and beyond.”
