TLDR:
- AccessPay, a bank integration provider based in Manchester, UK, has raised $24M in Strategic funding.
- The funding round was led by True Ventures, with participation from other investors.
AccessPay, led by CEO Anish Kapoor, provides a payment automation & bank data transformation platform. The company plans to use the funds to enhance its capabilities in various areas, expand in the US, and potentially make acquisitions to grow its market presence.
AccessPay has seen success and growth over the years through strategic partnerships and senior hires. The latest funding round reflects investor confidence in the company’s vision and potential for long-term growth, according to Kapoor.
Full Article:
AccessPay, a Manchester-based bank integration provider, has closed a $24M Strategic funding round led by True Ventures. Other participants in the round include Praetura Ventures, NatWest, Mastercard, Route 66 Ventures, and Beringea. The company, headed by CEO Anish Kapoor, plans to utilize the funds to further develop its capabilities in fraud & error prevention, bank statement data and reconciliation automation, and ISO 20022 data transformation. Additionally, the funds will support the company’s expansion in the United States.
AccessPay offers a payment automation & bank data transformation platform that automates payments, collections, and bank statement retrieval. The company has expanded geographically beyond the UK in recent years, including partnerships with Sage and Finastra to enter mainland Europe and the US.
This latest funding round will provide AccessPay with the financial resources to capitalize on strategic growth opportunities, potentially including acquisitions to sustainably expand its market presence and offerings. CEO Anish Kapoor expressed excitement about the investor confidence in the company’s vision and long-term growth potential, highlighting the company’s success and resilience in navigating macroenvironmental challenges.
