PriyaPatelTLDR: Manchester-based FinTech AccessPay has raised £6.2 million in growth capital from NatWest Venture & Growth Finance. NatWest Venture & Growth Finance provides flexible debt finance of between £2m-£15m for up to four years, targeted towards high-growth UK technology companies at the scale-up stage, which have already secured the backing of institutional investors.
AccessPay was founded in Manchester in 2012 and was the fastest growing FinTech company outside of London, according to the Deloitte Fast 50 rankings in 2019. The ‘bank integration-as-a-service’ company featured in third spot in our FinTech 50 innovation ranking last year.
Sean Moriarty, CFO at AccessPay, said: “We are really pleased to have raised this growth funding from NatWest and build on what we expect to be a long-term and valuable relationship.
Kristine Erwin, director at NatWest Venture & Growth Finance, said: “AccessPay is solving clear pain points in corporate and institutional banking, and with growing complexity in the market, a variety of financial services and changing regulation, AccessPay’s products are increasingly critical.
Anish Kapoor has been at the helm of AccessPay for more than a decade and has led the company through a period of sustained growth. In 2019 AccessPay received a £9m investment in one of largest ever investments in a FinTech company based in the North.
