AccessPay has secured a substantial investment of £9 million. This significant financial backing represents one of the largest investments ever made in a Northern FinTech company.
Venture capital investor Beringea led the funding round, joined by US-based investors True Ventures and Route 66. This investment will play a crucial role in AccessPay’s future expansion.
Investment Details
AccessPay has received £9 million in investment, marking one of the largest ever investments in a FinTech company based in the North of England. The investment round was led by transatlantic venture capital investor Beringea, with participation from US investors True Ventures and Route 66.
Expansion Plans
This strategic investment also highlights Beringea’s commitment to the North of England, as they have launched their first dedicated office in central Manchester. The aim is to strengthen their collaboration with scaling businesses in the region.
CEO’s Vision
Kapoor highlighted that Beringea recognised the challenge and opportunity for AccessPay to grow its market share both within the UK and internationally. He emphasised the mission of transforming finance and treasury teams.
Company Background
AccessPay connects corporate back-end systems with global banking and financial service providers, enhancing overall operational efficiency and security.
Client Base and Reach
This extensive reach and robust client base further bolster AccessPay’s position as a key player in the FinTech market.
Investment Perspective
Beringea looks forward to supporting AccessPay in seizing the global market opportunity, with Wagner emphasising the potential for lasting success through this strategic partnership.
Future Outlook
This substantial investment is expected to propel AccessPay towards further growth and innovation. The company is poised to enhance its software platform and expand its team, driving forward its mission to transform finance and treasury operations.
The £9 million investment in AccessPay marks a significant milestone for the company and the broader FinTech landscape in the North of England.
With strategic backing from prominent investors, AccessPay is well-positioned to expand its footprint and continue its mission of transforming financial operations for corporate clients.