AccessPay, a Manchester, UK-based bank integration provider, raised $24M in Strategic funding.
The round was led by True Ventures, with participation from Praetura Ventures, NatWest, Mastercard, Route 66 Ventures, and Beringea.
The company intends to use the funds to further develop its capabilities in fraud & error prevention, bank statement data and reconciliation automation, and ISO 20022 data transformation, as well as to continue rapid expansion in the US.
Led by CEO Anish Kapoor, AccessPay provides a payment automation & bank data transformation platform to automate payments, collections and bank statement retrieval.
Over the last couple of years, the team has made several senior hires, and expanded geographically beyond the UK, including mainland Europe and the United States via partnerships with Sage and Finastra. This funding will provide the company with the financial resources to maximise these strategic growth opportunities, including potential acquisitions to sustainably expand its market presence and offerings.
Commenting on the news, Anish Kapoor said: “We are thrilled to announce the close of our latest funding round. For us, it reflects investor confidence in our vision and potential for long-term growth. I’m exceptionally proud of our success since the company was founded in 2012, especially considering the macroenvironmental challenges we have weathered over the years. This funding will play a crucial role for the latest stage of our evolution.”
FinSMEs
21/03/2024