Mypinpad secures $13m from Crossfin to bolster mobile payment solutions

Mypinpad secures $13m from Crossfin to bolster mobile payment solutions

Mypinpad, the global spearhead in mobile card payments acceptance and identity authentication software solutions, has announced a successful investment round.

Mypinpad has secured an impressive $13m in a funding round led by esteemed FinTech investor, Crossfin Holdings. This strategic investment aims to expand and enhance Mypinpad’s payment and authentication software as a service (SaaS) offerings.

With its innovative solutions, Mypinpad provides mobile card payment acceptance and identity authentication services to businesses worldwide. It is leading the charge in providing secure, simple and protected payment solutions that improve consumer experience and increase sales for businesses.

Mypinpad plans to utilise 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.

As part of the investment, Mypinpad is set to gain from synergies within Crossfin’s portfolio. Many companies within this portfolio operate in areas closely linked to Mypinpad’s activities, and these partnerships could bring additional benefits.

In a statement, Mypinpad CEO Barry Levett said, “We are incredibly proud to have secured this investment, especially in the current difficult investment climate. 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.”

Similarly, Crossfin CEO and co-founder Dean Sparrow expressed optimism about the partnership, stating, “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.”

Presently serving clients in over 20 different countries across APAC, EMEA, and the Americas, Mypinpad is poised for even more global expansion with this new funding.

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