What is AccessPay?
AccessPay offers a cloud-native platform designed to bridge the gap between enterprise systems and banking operations. Its technology facilitates the automation of payments, collections, and financial data exchange, thereby centralizing cash visibility and control for businesses. By connecting enterprise resource planning (ERP) and back-office applications directly with banks, AccessPay empowers finance teams to reduce manual processes, improve security, and adopt modern payment automation and integration solutions. The company is recognized for its contribution to the digital transformation of financial operations within the corporate sector.
How much funding has AccessPay raised?
AccessPay has raised a total of $48.2M across 6 funding rounds:
Seed
$2.8M
Debt
$1.4M
Debt
$2.5M
Other Financing Round
$11.1M
Other Financing Round
$6.3M
Other Financing Round
$24M
Seed (2013): $2.8M, investors not publicly disclosed
Debt (2016): $1.4M, investors not publicly disclosed
Debt (2017): $2.5M supported by Clydesdale Bank and Yorkshire Bank
Other Financing Round (2019): $11.1M featuring Beringea, True Ventures, and Route 66
Other Financing Round (2019): $6.3M, investors not publicly disclosed
Other Financing Round (2024): $24M with participation from NatWest Group, Mastercard, Praetura Ventures, and True Ventures
Key Investors in AccessPay
Beringea
Beringea is an international venture capital firm that invests in high-growth businesses in the US and UK, focusing on empowering entrepreneurs to build billion-dollar companies. With a diverse network and expertise across multiple sectors, they provide strategic support to their portfolio companies.
True Ventures
True Ventures is a founder first venture capital firm that partners with creative teams at the earliest stages, providing capital, guidance and a strong community to help build enduring technology and artificial intelligence driven companies.
Mastercard
Mastercard is a technology company in the global payments industry that connects consumers, financial institutions, merchants, governments, digital partners, businesses, and other organizations worldwide, enabling them to use electronic forms of payment instead of cash and checks.
What's next for AccessPay?
With its recent major enterprise-level funding, AccessPay is poised for significant expansion and further development of its innovative platform. The strategic investment will likely fuel enhancements in its cloud-native capabilities, expanding its reach into new markets and deepening its integration with a wider array of enterprise systems and financial institutions. Continued focus on automating complex banking workflows and providing robust cash management solutions will be key as AccessPay solidifies its position as a leader in financial technology, supporting organizations in their digital transformation journeys.
See full AccessPay company page
