AccessPay nabs ?2m to take cloud payments platform to the US

Manchester, UK-based cloud payments service AccessPay has picked up ?2m in debt financing to drive its state-side expansion plans.

The investment comes from Clydesdale and Yorkshire Bank.

AccessPay enables payment routing through major UK and international networks such as Bacs, Swift, Faster Payments, Sepa and Direct Debit.

The company plans to use the capital to hire 60 new members of staff across sales, developments, operations and marketing by the end of the year.

The recruitment drive will also serve to take the company platform into the US market later this year as it works towards it target of reaching more than 10,000 organisations.

AccessPay previously raised an undisclosed equity round from US VCs True Ventures and Route 66 Ventures.

Last year it secured an additional ?1m loans form Barclays.

Copyright ? 2017 FINTECH GLOBAL

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