AccessPay Secures $24M Investment for US Expansion and R&D Acceleration

The UK-based fintech company AccessPay has completed a $24 million financing round led by VC True Ventures from Silicon Valley. The investment will support AccessPay's US expansion and accelerate research and development activities. It also provides the opportunity for strategic growth and possible acquisitions.

AccessPay, established in 2012 in Manchester, simplifies banking processes and promotes digital transformation in treasury and finance departments. The platform offers bank data transformation and payment automation to streamline banking activities and improve productivity.

Co-founder of True Ventures, Phil Black, expressed excitement about AccessPay's growth and expansion potential. Director of Investments at Praetura Ventures, Pete Carway, emphasized their long-term support for AccessPay. CEO Anish Kapoor highlighted the significance of the funding for the company's development.