AccessPay
21.3.2024 09:03:38 CET | ACCESS Newswire | Press release
Manchester-based bank integration solution AccessPay will use investment to further propel momentum and expansion
MANCHESTER, ENGLAND / ACCESSWIRE / March 21, 2024 / AccessPay, the leading bank integration provider, today announced that it has closed its strategic funding round at $24 million with a combination of equity and debt. The round was led by True Ventures, the Silicon Valley-based venture capital firm, with participation from Manchester-based investment firm Praetura Ventures, NatWest, Mastercard, Route 66 Ventures, and Beringea.
To view this piece of content from cdn.nwe.io, please give your consent at the top of this page.Pete Carway, Investment Director at Praetura Ventures, and Anish Kapoor, CEO at AccessPay
This latest round of capital will be instrumental in driving AccessPay's focus on profitable growth while bolstering its commitment to increasing revenues in a sustainable manner. A significant portion of the funding round will be dedicated to AccessPay's Research and Development (R&D) work, ensuring continued value creation for its enterprise customers. Notably, the company plans to further develop its capabilities in fraud & error prevention, bank statement data and reconciliation automation, and ISO20022 data transformation, as well as to continue AccessPay's rapid expansion in the U.S.
Phil Black, co-founder of True Ventures, said: "AccessPay simplifies corporate and institutional banking processes by streamlining all bank and finance apps into a shared interface. This astute merging of automation, fintech, and tooling that improves processes for a massive market is what drew us to invest in this team since its seed investment, and we continue to feel excitement for the company's next phase of growth and expansion."
Pete Carway, investment director at Praetura Ventures, said: "We've admired the business that Anish and his team have been building for years. As an investor who's proud to back the best in the North, we are excited to support AccessPay's global expansion efforts. Beyond the capital investment, our operational partners - senior figures who have worked at Apple, ANS, Dr Marten's, AO, JD Sports and OSTC - will be lending extensive experience, advice and support to the team as we aim to back businesses with more than money.
"This investment underscores our commitment to backing Northern break-out successes and reiterates our desire to build strong relationships over time with the businesses we invest in. We look forward to partnering with Anish and the team on this exciting and innovative growth journey."
Over the last couple of years, the AccessPay team has made several senior hires, and expanded geographically beyond the U.K., including mainland Europe and the United States via partnerships with Sage and Finastra. This round of funding will provide AccessPay with the financial resources to maximize these strategic growth opportunities, including potential acquisitions to sustainably expand its market presence and offerings.
Anish Kapoor, CEO at AccessPay, said: "We are thrilled to announce the close of our latest funding round. For us, it reflects investor confidence in our vision and potential for long-term growth. I'm exceptionally proud of our success since the company was founded in 2012, especially considering the macroenvironmental challenges we have weathered over the years. This funding will play a crucial role for the latest stage of our evolution."
About AccessPay
AccessPay is driving digital transformation within finance and treasury teams, by modernizing processes across banking operations, minimizing the risk of fraud and error, enhancing efficiency and optimizing cash visibility. Headquartered in Manchester, U.K., and established in 2012, AccessPay is a pioneering force in the banking industry, providing an unparalleled embedded banking experience and leading-edge solutions for its clients. To learn more, visit www.accesspay.com or follow us on LinkedIn: AccessPay
About True Ventures
Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With more than $3.8 billion under management, True provides seed and Series A financing to entrepreneurs in some of today's fastest-growing markets. To date, True has helped more than 350 companies launch and scale their businesses, creating over 85,000 jobs worldwide. To learn more, visit www.trueventures.com.
About Praetura Ventures
Praetura Ventures is a Manchester-based venture capital firm which invests in early-stage, high-growth businesses across the U.K., with a particular focus on supporting entrepreneurs across the North of England. Praetura Ventures is committed to adding value post-investment and providing the ‘more than money' support that businesses need to grow, including additional expertise, resources, networks and guidance, to its investee companies.
Since 2019, Praetura Ventures has backed 40 companies, including Northern-headquartered businesses Culture Shift, XR Games and Peak. Learn more at praeturaventures.com.
Contact Information
Chanda Shingadia
The Comms Crowd
chanda@commscrowd.com
+44 (0)7951 163 615
SOURCE: AccessPay
To view this piece of content from stats.nwe.io, please give your consent at the top of this page.View the original press release on newswire.com.
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Miami Fashion Week(R) Celebrates 10 Years With a Landmark Anniversary Edition, October 13-18, 202626.10.2026 15:00:00 CET | Press release
MIAMI, FL / ACCESS Newswire / October 26, 2026 / Miami Fashion Week® (MIAFW) celebrated its landmark 10th anniversary October 13-18, 2026, bringing together international designers, Latin American talent and Miami's creative community for six days of runway presentations, industry programming and special events. The milestone edition celebrated a decade of connecting Miami with the international fashion industry while continuing to expand beyond the runway through sustainability, technology, education and cultural exchange. Further strengthening its ties to the local community, MIAFW established a long-term partnership with Miami Dade College and Miami Fashion Institute. Images: Courtesy of Miami Fashion Week "Celebrating 10 years of Miami Fashion Week is an incredibly meaningful milestone," said Lourdes Fernandez-Velasco, Executive Director of Miami Fashion Week. "Over the past decade, we've built a platform that connects designers, creatives and industry leaders from around the world
Chervon Names Parker Wesley Clary Director of Field Sales - Southern Division26.10.2026 14:00:00 CET | Press release
NAPERVILLE, IL / ACCESS Newswire / October 26, 2026 / Parker Wesley Clary joins Chervon as Director of Field Sales - Southern Division, effective October 26, 2026, reporting to Thomas Kentouris, VP of Field Sales. Clary assumes responsibility for the Southern Division of the Chervon Field Sales Team. He is charged with developing a strong organization, building outstanding store-level merchandising and promotional programs. Most recently, Parker was a Key Account Manager for TTI/Milwaukee Pro Tools responsible for the Transportation Maintenance Vertical. His impressive career also includes a series of increasingly responsible positions in store coverage and field sales management. "Parker's exceptional sales and sales management skills will help us deliver our bold growth targets," said Thomas Kentouris. "He is a high-potential talent with a bright future ahead at Chervon." "The opportunity to be a part of Chervon's inspired high-performance culture was most compelling to me," said Par
Chervon names Joel Petersheim as Vice President, End User Research and Sales - OPE Commercial USA26.10.2026 14:00:00 CET | Press release
NAPERVILLE, IL / ACCESS Newswire / October 26, 2026 / Joel Petersheim joins Chervon as Vice President, End User Research and Sales - OPE Commercial, effective October 26, 2026, reporting to Joe Galli, CEO. Petersheim brings to Chervon 15+ years of experience at TTI/Milwaukee encompassing a series of increasingly responsible positions in sales, key account management, end user marketing, and sales management. Most recently, he held the position of Vice President Industrial Channel Sales - Northeast. Joel's impressive career also includes a series of director level end user marketing leadership roles focused on the MEP Verticals. His track record in converting key end users and in growing sales in each of his past positions was consistently outstanding. "Joel is a tremendous addition to the outstanding leadership team we are building at Chervon," said Joe Galli. "He is a high potential talent with a tremendous track record of success at the account and end user level." "I am enormously i
Chervon Names Maggie Jones Director of National Field Sales OPS26.10.2026 14:00:00 CET | Press release
NAPERVILLE, IL / ACCESS Newswire / October 26, 2026 / Maggie Jones joins Chervon as Director of National Field Sales Operations, effective October 26, 2026, reporting to Thomas Kentouris, VP of Field Sales. Jones will be charged with building out the support system, technology platform, and rigorous measurement/control process for the Chervon Field Sales Network. Most recently, Maggie was Divisional Sales Manager for TTI/Milwaukee where she was responsible for leading 140 field sales store coverage reps. She was an outstanding performer managing the high growth Texas region. Her career also included a series of store coverage and sales management positions in the Southeast USA. "Maggie is best described as an overachieving superstar," said Thomas Kentouris. "Her leadership skills, organization skills, and results orientation will serve her well as she builds our field sales team infrastructure." "I cannot wait to get started supporting Chervon's vision of industry leadership," said Jon
Jones Day Partners with Draftwise to Deploy Ontonomi Legal Ontology Across the Firm26.10.2026 13:30:00 CET | Press release
NEW YORK, NY / ACCESS Newswire / October 26, 2026 / Jones Day and Draftwise today announced a partnership under which Jones Day will deploy Ontonomi, Draftwise's legal ontology offering, across multiple practice areas. Jones Day is one of Ontonomi's founding partners. Together, Jones Day and Draftwise will work to structure and connect the Firm's proprietary intelligence, including the knowledge, precedents, positions, and experience built over decades of client work. Making that intelligence more accessible across the Firm will help lawyers make better-informed decisions, deliver better outcomes for clients, and accelerate how associates learn from the judgment of senior lawyers. Jones Day is a single, integrated global partnership of more than 2,500 lawyers across 40 offices in the Americas, Europe, the Middle East, and Asia. As an early adopter of AI, the Firm has made sustained investments in technology, specialized talent, and governance to integrate AI across its practice and cli
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom