Welsh-based startup for mobile card payments has announced a USD 13 million investment from venture capital firm Crossfin Holdings.
The funding, according to the startup Mypinpad, will be used to expand its SaaS offerings for global payments and authentication. According to Crossfin’s CEO and co-founder Dean Sparrow, the investment creates exciting synergies with the company’s larger portfolio.
The company, which already has customers across APAC, EMEA, and the America, said the funds raised will be used to advance technology, expand into new market niches, and further develop Mypinpad’s suite of mobile payments acceptance and authentication services.
Read More: Welsh fintech secures $13m in funding
