AccessPay Raises $24M in Funding for Global Expansion
AccessPay, a Manchester, UK-based bank integration provider, recently announced that it has raised $24M in Strategic funding. The round was led by True Ventures, with other notable investors including Praetura Ventures, NatWest, Mastercard, Route 66 Ventures, and Beringea. This significant investment will allow the company to enhance its capabilities in fraud & error prevention, bank statement data and reconciliation automation, and ISO 20022 data transformation, while also supporting its expansion efforts in the US market.
Under the leadership of CEO Anish Kapoor, AccessPay offers a payment automation & bank data transformation platform that simplifies processes such as payments, collections, and bank statement retrieval.
In recent years, the company has experienced considerable growth, making strategic hires and expanding its presence beyond the UK to mainland Europe and the United States through collaborations with Sage and Finastra. This latest funding round will provide AccessPay with the financial resources needed to capitalize on these growth opportunities, potentially leading to new acquisitions to further strengthen its market position.
Anish Kapoor expressed his enthusiasm about the funding, stating, “We are thrilled to announce the close of our latest funding round. It is a testament to investor confidence in our vision and long-term growth potential. Since our founding in 2012, we have overcome various challenges and achieved significant success. This funding will be pivotal in driving the next phase of our company’s development and evolution.” AccessPay’s commitment to innovation and expansion positions it as a key player in the financial technology sector, poised for continued success in the global marketplace.
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