Manchester based fintech company, AccessPay, secured £1m in debt financing from Barclays Innovative Finance fund. The new agreement allows the company to explore new business opportunities, and allows Barclays to provide £100m finance to innovative companies in the UK over the next two years.
Anish Kapoor, Chief Executive Officer at AccessPay commented: “We explored a number of options to grow our business in 2016, having the luxury of significant venture capital backing and strong existing cash flow. We felt that the local Barclays team in Manchester demonstrated from the start that they fully understood our market proposition and drive to make business payments as easy as possible, recognising the potential of the business to achieve rapid growth. They also saw the huge opportunity to deepen the existing working relationship between the two companies. We are very excited to be going on this journey with Barclays.”