Manchester based AccessPay has received an investment from NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund, consolidating its position as the fastest growing Fintech company outside of London.
The business has received this latest funding injection courtesy of Maven Capital Partners one of the UK’s most active SME investors on behalf of the Northern Powerhouse Investment Fund (NPIF), which provides Microfinance, Debt and Equity investments to help small and medium sized businesses in the North of England to grow and develop.
Anish Kapoor CEO said: “We had a great 2017 which meant the business was already profitable and highly cash generative. But as we discussed our vision with Maven it became apparent that we shared the same goals for building a thriving tech community in Manchester.
“The £1m investment will allow us to accelerate hiring in Manchester and give more great people the opportunity to get in the fast growing FinTech space.”