AccessPay, a UK-based fintech, has received a £1 million investment from NPIF – Maven Equity Finance, which is managed by Maven Capital Partners. Founded in 2012, the company stated it is on a mission to redefine the corporate banking experience, to empower treasury and finance professionals. It also provides global payments and cash management to the FTSE 100 and is always cloud-based.
“At AccessPay, we’re motivated by the belief that businesses are under served by their banks. Our calling has been to empower treasury and finance professionals with the intelligent tools they need to become more efficient and more secure. Levered by changes in demand, legislation and technology, we’re actively working to deliver solutions that empower our customers to make smarter, more insightful business decisions.”
According to Finextra, while sharing details about the company’s growth and development, Anish Kapoor, CEO of AccessPay, stated:
“We had a great 2017 which meant the business was already profitable and highly cash generative. But as we discussed our vision with Maven it became apparent that we shared the same goals for building a thriving tech community in Manchester.”
Jeremy Thompson (Investment Manager) of Maven Capital (UK) LLP who manage NPIF -Equity Finance in the North West, also commented:
“Anish and the team at AccessPay have achieved significant growth over the past two years. They know the market and are well positioned to take advantage of the current opportunities in the sector. We are delighted to be able to support the team and help them achieve their vision of creating a world leading FinTech business based in Manchester.”
Kapoor added that the £1 million investment will he and his team to accelerate hiring in Manchester and continue to further expand their services.