Mypinpad, global leader in mobile card payments acceptance and identity authentication solutions, today announced a successful investment round of US$13 million led by highly regarded fintech investor Crossfin Holdings to help expansion and scale up its payments and authentication SaaS offerings.
Mypinpad, a global innovator in mobile card payments acceptance and identity authentication software solutions, is thrilled to announce a substantial investment round of $13 million led by Crossfin Holdings (Crossfin). This strategic investment will help expansion and support Mypinpad’s goal of building out its global payments and authentication SaaS offerings.
Crossfin is a leading independent fintech group with a portfolio of innovative emerging market companies that focus on solving specific everyday pain points that are not adequately covered by existing products in the market. Mypinpad will further benefit from partnerships with other companies within Crossfin’s portfolio, many of which are engaged in areas closely associated with Mypinpad’s activities.
“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.”
Dean Sparrow, CEO and co-founder at Crossfin, says the investment unlocks exciting synergies with the broader Crossfin portfolio. “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.”
Currently with clients in over 20 different countries, in APAC, EMEA and the Americas, the funds secured will be utilised to further develop Mypinpad’s suite of mobile payments acceptance and authentication solutions, drive technological advancements and expand into new market segments.
About Crossfin Holdings
Crossfin is a leading emerging market fintech investment group with a portfolio of high growth and established cash generative businesses, offering investors a blended exposure to technology investments in fintech. The Crossfin group is uniquely positioned to unlock real value through the organic and acquisitive growth of our ecosystem and the continual introduction of additional products and services through our various platforms. Crossfin aims to influence technology across the value chain from point of processing to point of fulfillment either directly or through partnerships. To find out more about Crossfin Holdings, please visit www.crossfin.co.za
About Mypinpad
Mypinpad is a UK-headquartered B2B SaaS business with customers and employees in over 20 countries. Mypinpad strives to be the solution of choice for money on the move —making mobile transactions safe, easy and enjoyable. Its certified and 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 futureproof their business. By working together with partners, Mypinpad aims to drive financial inclusion for the benefit of millions globally. To find out more about Mypinpad, visit its website: www.mypinpad.com
