Company Overview
Access2Pay is a Canadian fintech company specializing in enterprise payment solutions tailored for municipalities, retail operators, and Independent Software Vendors (ISVs). Our platform consolidates payment collection, real-time ERP synchronization, compliance reporting, and automation, enabling organizations to manage multi-channel revenue securely and efficiently. In 2024, Access2Pay achieved a revenue of $1.4 million CAD, processing over $1 billion in transactions and serving more than 50 clients across public and private sectors. citeturn0search2
Products and Services
Our comprehensive Enterprise Payment Platform offers:
- Secure Open APIs: Facilitating seamless integration with existing systems.
- Omnichannel Payment Support: Enabling transactions across various channels, including online, in-store, and kiosks.
- Real-Time Processing and Reporting: Providing up-to-date transaction data for informed decision-making.
- Compliance and Security: Ensuring adherence to industry standards with PCI DSS 4.0 certification.
Business Model
Access2Pay operates on a B2B model, generating revenue through:
- Annual Licensing and Support Fees: Providing clients with continuous access to our platform and customer support.
- Payment Processing Fees: Charging per transaction processed through our system.
- Value-Added Services: Offering custom development, system integration, and consulting services.
Target Customers
Our primary clientele includes:
- Municipalities and Government Agencies: Seeking streamlined, secure payment solutions for public services.
- Retail Operators: Requiring integrated payment systems to enhance customer experience and operational efficiency.
- Independent Software Vendors (ISVs): Looking to embed robust payment functionalities into their software offerings.
Team and Credentials
Led by CEO Anand Misir, a seasoned technology executive with over 15 years in fintech and payment solutions, the Access2Pay team comprises professionals with extensive experience in system integration, automation, and customer support. Our collective expertise has been instrumental in securing long-term contracts with multiple public sector clients and numerous retail businesses.
Funding Request
Access2Pay is seeking $1.5 million CAD in equity financing at a pre-money valuation of $10.5 million CAD. The funds will be allocated as follows:
- $500,000 – Marketing and Lead Generation: To expand market reach and enhance brand visibility.
- $400,000 – Product Development: To advance AI capabilities, embedded payments, and tools for ISVs.
- $300,000 – Hiring: To recruit talent in sales, onboarding, quality assurance, and development.
- $200,000 – Infrastructure and Compliance: To upgrade systems and ensure adherence to evolving industry standards.
- $100,000 – Working Capital Buffer: To support day-to-day operations and unforeseen expenses.
Growth Objectives
Over the next 36 months, Access2Pay aims to:
- Achieve $20 million in Annual Recurring Revenue (ARR).
- Expand client base to over 600 municipalities, retailers, and ISVs.
- Process $5 billion in annual transaction volume.
- Maintain gross margins above 85% and client retention rates over 90%.
Exit Strategy
We anticipate a strategic acquisition by a payment processor, ERP vendor, or GovTech firm. Alternatively, a public listing will be considered if ARR exceeds $30 million and U.S. expansion sustains momentum. Our target is to provide early investors with a 10–15x return on investment.
Conclusion
With a proven track record, a robust product offering, and a clear growth strategy, Access2Pay is poised to capitalize on the growing demand for integrated payment solutions. The requested funding will enable us to accelerate product development, expand our market presence, and achieve our ambitious growth objectives.
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