Mypinpad Secures $13 Million Investment Led by Crossfin Holdings for Global Expansion of Payments and Authentication Solutions
Mypinpad, a global leader in mobile card payments acceptance and identity authentication solutions, has successfully raised $13 million in an investment round led by Crossfin Holdings, a highly regarded fintech investor. The investment aims to support the expansion and scaling up of Mypinpad’s payments and authentication Software-as-a-Service (SaaS) offerings.
Crossfin Holdings is an independent fintech group that focuses on innovative companies in emerging markets, addressing specific pain points not adequately covered by existing products. Mypinpad will benefit from partnerships with other companies in Crossfin’s portfolio that are engaged in related areas.
Barry Levett, CEO of Mypinpad, expressed pride in securing the investment, especially considering the challenging investment climate. He highlighted the market recognition of their value proposition, successful track record, and innovative solutions. The funding will accelerate their growth, strengthen their global reach, and potentially expand into new verticals.
Dean Sparrow, CEO and co-founder of Crossfin, emphasized the synergies between Mypinpad and Crossfin’s broader portfolio. He praised Mypinpad’s scalable and innovative business, aligning well with Crossfin’s mPOS, SoftPOS payment solutions, and mobile payment security solutions. The investment enables Crossfin to extend its reach across emerging markets globally.
With clients in more than 20 countries across APAC, EMEA, and the Americas, Mypinpad will utilize the secured funds to further develop its suite of mobile payments acceptance and authentication solutions. The investment will drive technological advancements and facilitate expansion into new market segments.
