Cardiff-based Mypinpad, a B2B SaaS company, announced on Thursday, June 22, that it has secured $13M (approximately €11.9M) in a round of funding led by Crossfin Holdings (Crossfin).
Mypinpad says it will use the funds to develop its suite of mobile payments acceptance and authentication solutions, drive technological advancements, and expand into new market segments.
“We are incredibly proud to have secured this investment, especially in the current difficult investment climate,” says 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,” adds Levett.
Mypinpad: Mobile payments acceptance and authentication solutions
Mypinpad is a B2B SaaS business that develops payments and identity authentication software designed to authenticate and accept card payments.
The company claims to be the world’s first to bring patented PCI-certified, software-based payment solutions to market.
Mypinpad’s patented technology is built on cloud-based open systems designed to be bank-grade secure and ready to scale, providing customers with the tools to grow and future-proof their businesses.
Currently, the company has clients in over 20 countries in APAC, EMEA, and the Americas.
Crossfin invests in FINTECH solutions to enable growth for economies in emerging markets, particularly Africa, and beyond.
Dean Sparrow, CEO and co-founder at Crossfin, says, “Barry and his team have built an innovative, scalable business that aligns well with Crossfin’s best-of-breed mPOS and SoftPOS payment solutions and related mobile payment security solutions, enabling us to extend our reach across emerging markets globally.”