Fintech firm AccessPay wins backing of Praetura's VCT for high-growth Northern businesses

Alistair Houghton

19 June 2024 at 0:34 pm·1-min read

L - Pete Carway: Investment Director, Praetura Ventures, R – Anish Kapoor: CEO, AccessPay — -Credit: (Image: Praetura Investments)

Fintech firm AccessPay has secured a £350,000 investment from Praetura Investments’ new fund aimed at backing growth businesses in the North of England.

Manchester-based integration software provider AccessPay will use the investment from Praetura Growth VCT plc to support its global expansion plans.

The VCT from Manchester-based Praetura listed in April and aims to “back some of the most exciting scale-up businesses in the North of England” with the aim of launching a regular dividend from 2027. The group says it will add more investments to the portfolio in coming weeks.

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Sam McArthur, partner at Praetura Investments, said: “AccessPay is helping to automate the complex area of banking payments and we have really admired its success over recent years.”

"The firm’s impressive growth and proven market fit align well with our investment strategy. We are delighted to be backing another innovative business in the North of England."

Anish Kapoor, CEO of AccessPay, said: "We are thrilled to receive this investment from the Praetura Growth VCT. It’s a testament to the hard work of our team and the robust growth we’ve achieved. This funding will enable us to expand our international presence and further develop our product offerings to meet the needs of our clients worldwide."

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