PriyaPatelIn an effort to support high-growth UK technology companies, Manchester-based FinTech AccessPay has secured £6.2m ($8m) in growth capital from NatWest Venture & Growth Finance. The funding will be used to further scale the operations of AccessPay, which offers a bank integration-as-a-service platform that streamlines financial operations for corporate and institutional clients. AccessPay allows these clients to connect with multiple banks and finance applications through a single interface, simplifying payments, collections, and cash visibility. The company was named the third fastest-growing FinTech company outside of London in the Deloitte Fast 50 rankings in 2019.
This funding round follows a previous £9m ($11.6m) investment in AccessPay in 2019, making it one of the largest ever investments in a North-based FinTech firm. NatWest Venture & Growth Finance plans to deploy £200m ($258m) in high-growth businesses in the Northern region. This latest investment demonstrates the financial institution’s continued support for FinTech companies that are driving innovation and job creation in the UK economy.
