The funding has come from NatWest Venture & Growth Finance, which is looking to deploy £200mn into high growth businesses
In brief:
- Manchester-based FinTech AccessPay has raised £6.2mn in growth capital from NatWest Venture & Growth Finance.
- NatWest Venture & Growth Finance provides flexible debt finance of between £2mn - £15mn for up to four years, targeted towards high-growth UK technology companies at the scale-up stage
- In 2019 AccessPay received a £9mn investment in one of the largest ever investments in a FinTech company based in the North.
What does this mean?
Sean Moriarty, CFO at AccessPay, said: “We are really pleased to have raised this growth funding from NatWest and build on what we expect to be a long-term and valuable relationship. Thanks to all the NatWest team who have been very professional and responsive and clearly got to grips with what we do very quickly which gave us a lot of confidence in choosing NatWest as the right banking partner. We look forward to developing our relationship further as we continue to scale our operations.”
