Mypinpad, a UK-based company provider of mobile card payment acceptance and identity authentication software solutions, raised $13 million in a funding round led by Crossfin Holdings.
The strategic investment aims to support the expansion and enhancement of Mypinpad's payment and authentication software as a service (SaaS) offerings.
The company plans to utilize this new funding to strengthen its global reach, accelerate growth, and potentially diversify into new verticals.
The funds will further be used to augment Mypinpad’s suite of mobile payments acceptance and authentication solutions, driving technological advancements and opening avenues into new market segments.
Mypinpad offers innovative solutions that enable businesses worldwide to accept mobile card payments and authenticate identities securely. By providing secure, user-friendly payment solutions, Mypinpad aims to improve the consumer experience and drive sales for businesses.
"We are incredibly proud to have secured this investment, especially in the current difficult investment climate," said Barry Levett, CEO of Mypinpad. "It demonstrates market recognition of our value proposition, successful track record and the innovative solutions we offer. This investment will provide the necessary fuel to accelerate our growth, strengthen our global reach and potentially expand into new verticals."
Company: Mypinpad Ltd
Funding Month: June 2023
Lead Investors: Crossfin Holdings
Company Website: http://www.mypinpad.com/
Software Category: Payments and Identity Authentication Software
About the Company: Mypinpad is a B2B SaaS business that provides payments and identity authentication software designed to authenticate and accept card payments. The company's solutions integrate with modern and legacy payment systems, allow mobile devices like smartphones or tablets to be card acceptance points, and incorporate digital security features, enabling small businesses and self-employed people with payments, devices, and identity attestation at lower costs. Its certified and patented technology is built on cloud-based open systems designed to be bank-grade secure and ready to scale. Currently, with clients in over 20 different countries, in APAC, EMEA, and the Americas.