Welsh mobile payments company Mypinpad has raised $13m (£10.2m) in a Series A round led by Cape Town’s Crossfin Holdings.
Headquartered in Cardiff, with an office in New Zealand, Mypinpad offers mobile authentication, payments acceptance, revenue optimisation and local banking agents.
Barry Levett, CEO of Mypinpad, said: “We are incredibly proud to have secured this investment, especially in the current difficult investment climate.”
Banks can use the firm’s local agent API, or application programming interface, to issue financial services like ATM functionality, remote lending and account opening without requiring an in-person branch.
“This investment will provide the necessary fuel to accelerate our growth, strengthen our global reach and potentially expand into new verticals,” said Levett.
The fintech says it serves customers in at least 20 countries across APAC, EMEA and the Americas.
UKTN has asked Mypinpad for the other participants in the Series A round.
Dean Sparrow, CEO and co-founder of Crossfin Holdings, said: “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.”
Mypinpad in April last year merged with payment and agency banking company SmartPesa.
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