Corporate payments startup AccessPay, based in Manchester, England, landed an investment of $11.5 million (£9 million) led by U.S. venture capital firms Beringea, True Ventures and Route 66 Ventures. The funding round, announced Monday, comes at a time when the corporate payments space has yet to attract as much attention as consumer payments, where names like Square, Venmo and Zelle dominate the discussion.

AccessPay, founded in 2012, connects corporate back-end systems with global banking and financial services providers and processes over 40 million transactions a year. Its platform helps finance and treasury teams find cost savings and security improvements for global payments and cash management. The company’s 500-plus corporate clients across the U.K. include Barclays plc.

AccessPay said it will use the new funding to expand its sales, marketing, and engineering teams and further develop its software platform.

Maria Wagner, investment director at Beringea, said in a statement:

Beringea seeks to back thoroughbreds that can become lasting successes. Corporate payments have not seen the same level of innovation as consumer payments. AccessPay’s platform solves a big pain point for large corporates.

A survey conducted by Bank of New York Mellon of some of the bank’s corporate clients, released in November, found 54% of respondents ranked reliability as the most desired area of possible improvement in corporate payments, edging out security and the ability for payments to include more information. Reliability was defined as the certainty of knowing domestic and/or international payments—for their particular industry and the payments space overall—were accurate and cleared.

Anish Kapoor, CEO for AccessPay, said in the announcement that legislation, customer demand and technological advances opened the door for finance and treasury teams to work with a wide array of financial services providers on different objectives.

He said services continue operating in “total isolation” from one another, which often translates into more security issues, greater risk and increased complexity in day-to-day operations.

“Connecting these services through our platform removes these issues and enables the change finance and treasury teams are looking for,” Kapoor said.