AccessPay, a leading FinTech company based in Manchester, has received a substantial £1 million investment from the Northern Powerhouse Investment Fund.
This funding is set to accelerate AccessPay’s growth trajectory and strengthen its position in the financial technology sector. Recognised as one of the UK’s fastest-growing tech companies, AccessPay is poised for further expansion.
The Northern Powerhouse Investment Fund (NPIF) has channeled a significant £1 million into AccessPay, a Manchester-based FinTech firm. This investment marks a pivotal moment for the company as it aims to solidify its reputation as one of the fastest-growing FinTech entities beyond London. Recognised by Deloitte as one of the UK’s top 50 rapidly expanding tech firms, AccessPay’s trajectory has been nothing short of impressive.
AccessPay has witnessed a remarkable growth surge of 100% over the past two years. This rapid expansion underscores its commitment to driving innovation within the financial technology landscape. By leveraging funds from Maven Capital Partners, acting on behalf of NPIF, AccessPay aims to strengthen its market position further and accelerate its growth plans. This funding not only supports current objectives but also fuels future ambitions.
The £1 million investment will dramatically enhance AccessPay’s recruitment capabilities, focusing on expanding its team in Manchester. The company is on a mission to recruit 50 additional personnel, a move that aligns with its vision of nurturing a thriving tech community within the city.
Thompson’s insights highlight AccessPay’s readiness to seize market opportunities and expand its footprint in the financial technology domain. The backing from Maven Capital stands as a testament to confidence in AccessPay’s strategic plans and market potential.
The funding is anticipated to catalyse the development of Greater Manchester’s technology sector, providing a robust platform for innovative businesses. AccessPay’s growth is expected to play a crucial role in reinforcing Manchester’s position as a tech hub.
This partnership with Maven Capital is expected to unlock substantial growth potential, not only for AccessPay but also for the broader UK FinTech sector. The investment aims to propel AccessPay forward in its journey towards becoming a leading player in the financial technology world.
As AccessPay embarks on this growth trajectory, the support from NPIF and Maven Capital serves as a crucial enabler of its long-term objectives.
AccessPay’s recent financial backing is pivotal for its future endeavours in the FinTech landscape.
Supported by the Northern Powerhouse Investment Fund, the company’s growth initiatives are set to bolster Manchester’s reputation as a thriving hub for technological innovation.