AccessPay, a Manchester, UK-based fintech firm, raised £9m in funding.
The round was led by Beringea, with participation from True Ventures and Route 66.
The company intends to use the funds expand its sales, marketing and engineering teams and further develop its software platform.
Founded in Manchester in 2012 and led by Anish Kapoor, AccessPay provides a platform that connects corporate back-end systems with global banking and financial services providers to enable finance and treasury teams to achieve cost and efficiency savings, as well as security improvements around global payments and cash management.
Today, the solution is used by more than 500 corporate clients across the UK including Barclays, the AA, and ITV and processes over 40 million transactions a year.
Kapoor is an experienced entrepreneur who has previously built a number of multimillion-dollar technology companies. He was the co-founder of TeleCity, Europe’s largest data centre operator, leading the business to its listing on the London Stock Exchange at a valuation of $700m in 2000. It was recently acquired for $3.6bn by a US company.