Fintech firm marks fifth anniversary with £2m funding deal

Manchester fintech company AccessPay has entered its sixth year of trading with a £2m funding injection and expansion plans.

After securing the finance package deal with Clydesdale and Yorkshire Bank’s growth finance team earlier this month, the business, which is celebrating its fifth anniversary, has set out and an ambitious growth strategy including a recruitment drive and the establishment of a US-operation.

A specialist in cloud-based payments technology, with hundreds of UK-based customers and 35 employees, AccessPay has championed the evolution of payments and finance since its establishment five years ago.

With the vision to drive positive, innovative, and rapid change in the financial services industry, the business is playing an integral role in future developments of the financial sector.

Accesspay’s software allows businesses to automate their payment transactions more quickly and securely through one platform. They service a range of clients from SMEs to large corporates including Clifford Thames and European research organisation CERN.

The funding will enable the business to recruit up to 60 new staff in its development, sales, operations and marketing divisions, before the end of 2017 and provides the platform for expansion into the US market later this year.

Chief executive Anish Kapoorsaid: “We are very excited to be at the forefront of the FinTech movement in the North.

“We are privileged to be playing a leading role in helping move the UK’s finance scene forward, both through software development that delivers the next generation of banking and payments as we know it, but also working with industry bodies to help shape conversation around future legislation.

“I am incredibly proud of the entire team at AccessPay for the support and desire to help drive the business forward, and create a brand that has attracted the backing of investment to all us to move forward with our vision for being both a leading employer in Manchester, but also an innovator in one of the UK’s oldest and critical marketplaces.”