AccessPay secures £2m funding and plots US growth
Manchester FinTech firm AccessPay has secured a £2m funding package to mark the beginning of its sixth year in business.
The cloud-based payments technology provider will use the money to take on around 60 new employees to add to its current 35-person workforce.
After nailing-down the funding injection earlier this month with Clydesdale and Yorkshire Bank’s Growth Finance team, AccessPay revealed plans to establish an operation in the US.
The company expects to have filled new positions by the end of 2017.
CEO Anish Kapoor said: “We are very excited to be at the forefront of the fintech movement in the North.
AccessPay is based in Manchester
“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.“
AccessPay’s software enables organisations to automate payment transactions through one platform. Current clients include automotive data company Clifford Thames and European research giant CERN.
The company was founded by Stockport entrepreneur Ali Moiyed, the creator of a smart inhaler device he hopes will save the lives of thousands of asthma sufferers globally.