Bristol-based invoice finance provider Optimum Finance has had its most successful half-year since its launch in 2017 while also reaching the milestone of advancing half-a-billion pounds.
During the period, the specialist invoice finance provider processed more 400,000 invoices and worked with clients across almost 50 industries. 
Meanwhile, it grew new business by 25% against the same period last year, expanded its loan book by 61% and advanced an additional 44% of cash.
The firm’s forecasted figures for the rest of the year are similarly impressive with additional increases in all areas of the business.
Momentum is forecasted on continuing to expand its invoice finance portfolio, with growth in client portfolios targeted at finishing 45% higher than the second half of last year with new client volumes up 39%, despite the sharp economic slowdown.
Optimum, which is backed by London private equity group JRJ, provides a range of payment services to small and medium-sized enterprises.
Last November it was selected to take part in a government-backed programme that aims to help a small group of companies reach exponential growth.
It has also been at the forefront of using the latest technology to assist firms in optimising operational efficiencies and effectiveness in areas such as working capital, growth and costs.
CEO Ant Persse, pictured, said the increases during the half-year were driven by a rise in performance from its existing client base and substantial growth in new business.
“It’s great to see that our clients are making more sales, and driving growth, this is a truly positive sign,” he said.
“We are extremely proud to play our part in this by providing access to much-needed cash for these fantastic businesses, that are delivering goods, services and job creation.
“We consider our service provision as a launchpad for businesses to succeed despite global economic downturn and interest rate rises.
“The half-a-billion-pound advanced milestone we’ve reached this year is a testament to the reliability of Optimum in providing continued funding to businesses that want our help.
“I’m confident that we will continue this growth trend into 2023 and beyond.”
