Mypinpad Ltd

Based in the UK, Mypinpad Ltd provides innovative payment solutions, specializing in cloud-based mobile point-of-sale (mPOS) systems that enhance transaction efficiency for businesses across various sectors. Mypinpad Ltd offers advanced payment functionalities through its flagship SoftPOS service, allowing merchants to accept payments via mobile devices. Founded in 2012 in Cardiff, UK, the company has undergone strategic developments to enhance its service offerings. David Muxworthy is the founder, with Barry Levett and Richard Forlee serving as current CEOs.

Mypinpad has completed 5 deals as of June 2023, having raised a total of USD 13. 00 mn in funding, with the most recent round led by Crossfin Technology. Mypinpad specializes in advanced payment and non-payment solutions, focusing on mobile point-of-sale (mPOS) systems, verification, and authentication products. Their SoftPOS allows merchants to accept card payments directly through smartphones or tablets without additional hardware.

This enhances transaction processes across industries, catering to both card and cardless payments, and is designed to integrate with existing payment infrastructures. Mypinpad serves a global clientele, facilitating seamless payment experiences across North America, Europe, and Asia. Mypinpad generates revenue through a comprehensive suite of payment solutions offered via subscription models and partnerships. Transaction service fees are charged for payments processed through their mPOS technology.

The company’s monetization structure includes agreements with businesses utilizing SoftPOS capabilities, ensuring a streamlined payment experience. Mypinpad's compliance with PCI-DSS and ISO 27001 standards adds credibility, attracting clients who prioritize secure financial transactions. In June 2023, Mypinpad secured USD 13. 00 mn in venture funding led by Crossfin Technology, which will be utilized to expand product development.

The company plans to enhance its product offerings and explore growth opportunities in emerging markets, targeting specific regions for expansion in the near future. These initiatives will aim to meet the evolving demands of the global payments landscape.