AccessPay

AccessPay was formed in 2012 with an ambitious mission – to transform the way payments are sent and received around the world. By seamlessly connecting an organisation’s back office systems to its banks and providing a consolidated view of all banking relationships, AccessPay gives corporates near real-time visibility of all cash balances and provides insightful analysis that helps finance professionals maximise the use of working capital. AccessPay’s cloud-based solution provides ease of integration with any ERP, TMS or other back-end system. It handles any file type removing the need to manually rekey information and enables straight-through-processing of domestic and international payments through Bacs, FPS, CHAPS and SWIFT. The operational efficiencies delivered help to support a rapid return on investment.
Company Growth (employees)
Type
Private
HQ
Manchester, GB
Founded
2012
Size (employees)
93 (est)+2%
AccessPay was founded in 2012 and is headquartered in Manchester, GB

AccessPay Office Locations

AccessPay has an office in Manchester

AccessPay Financials and Metrics

Summary Metrics

Founding Date

2012

Total Funding

$1.5 m

Latest funding size

$1.5 m

Time since last funding

over 1 year
AccessPay's latest funding round in May 2016 was reported to be $1.5 m. In total, AccessPay has raised $1.5 m

AccessPay Financials

AccessPay's revenue was reported to be £2.4 m in FY, 2017 which is a 25% increase from the previous period.
GBP

Revenue (FY, 2017)

2.4 m

Gross profit (FY, 2017)

1.7 m

Gross profit margin (FY, 2017), %

70%

Net income (FY, 2017)

(993 k)

Cash (30-Apr-2017)

1.1 m
GBPFY, 2014FY, 2016FY, 2017

Revenue

389.6 k1.9 m2.4 m

Cost of goods sold

307.7 k824 k706 k

Gross profit

81.9 k1.1 m1.7 m

Gross profit Margin, %

21%57%70%
GBPFY, 2013FY, 2014FY, 2016FY, 2017

Cash

1 m2.5 m1.4 m1.1 m

Accounts Receivable

966.6 k119.6 k192 k383 k

Current Assets

2 m2.6 m2.3 m2.1 m

PP&E

5.9 k30 k27 k
    GBPFY, 2014FY, 2016FY, 2017

    Net Income

    (1.2 m)(2.5 m)(993 k)
      GBPY, 2017

      Revenue/Employee

      27 k

      Debt/Equity

      -0.1 x

      Debt/Assets

      0.1 x

      Financial Leverage

      -1.4 x
      Show all financial metrics

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