Accel-KKR Acquires AccessPay to Boost Payments

Accel-KKR has acquired AccessPay, a leader in payments operations excellence for finance and treasury teams, for an undisclosed amount.

This corporate acquisition sees Accel-KKR taking full ownership of the Manchester, UK-headquartered company, which was established in 2012.

AccessPay is known for its cloud-based platform that modernises banking operations processes and connects corporates to their banks.

AccessPay's platform is designed to minimise the risk of fraud and error, enhance payments efficiency, and optimise cash visibility for its clients.

Thousands of organisations partner with AccessPay to integrate their ERPs with over 16,000 banks, both domestically and internationally.

The platform also automates bank statement retrieval and de-risks payments operations through embedded security enhancements such as Confirmation of Payee and Sanctions Screening, providing an embedded banking experience.

The acquisition by Accel-KKR, a technology-focused private equity firm, is strategically aimed at expanding its portfolio within the financial technology sector.

This move is expected to leverage Accel-KKR's expertise in scaling technology companies with AccessPay's pioneering solutions in banking operations.

Synergies are anticipated through accelerated product development, enhanced market reach, and operational efficiencies, further solidifying AccessPay's position as a leader in its field.

Looking ahead, the combined entity is poised to drive continued innovation in payments operations.

The acquisition is expected to empower AccessPay to further develop its platform, expand its client base, and deliver enhanced value to finance and treasury teams globally, reinforcing its commitment to modernising banking processes and optimising cash management for businesses.