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mi-pay.com

Founded Year

2003

Stage

Acquired | Acquired

Total Raised

$8.37M

About Mi-Pay

Mi-Pay aims to provide a portfolio client branded mobile payment services for mobile operators, financial service providers, utility companies and media owners amongst others.On February 25th, 2020, Mi-Pay was acquired by Alphacomm, terms of the agreement were not disclosed.

Mi-Pay Headquarter Location

ReD House Cemetery Pales, Brookwood

Surrey, England, GU24 0BL,

United Kingdom

+44(0)207 11 22 121

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Expert Collections containing Mi-Pay

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Mi-Pay is included in 2 Expert Collections, including Payments.

P

Payments

1,949 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

4,692 items

Track and capture company information and workflow.

Mi-Pay Patents

Mi-Pay has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/8/2015

3/12/2019

Engine technology, Fluid dynamics, Engine valves, Valves, Piping

Grant

Application Date

10/8/2015

Grant Date

3/12/2019

Title

Related Topics

Engine technology, Fluid dynamics, Engine valves, Valves, Piping

Status

Grant

Latest Mi-Pay News

Mi-Pay hints at tough times ahead

Aug 12, 2019

AIM-listed, mobile payments provider, Mi-Pay, has provided a somewhat pessimistic trading update, ahead of the release of its half-year results on 25 September. A deterioration in the economy, coupled with uncertainties around PSD2 (see: Regulator considers 2 year delay to SCA deadline ) have prompted fears of a slowdown in the second half, whilst the loss of a major client also looms. Management at the Bagshot based FinTech, indicated that performance during the first six months of 2019 had been broadly in line with expectations with revenues rising by 6% to £1.7m. Gross profit margins remained strong at 63% and administrative expenses stable. H1 EBITDA indicated that Mi-Pay more or less broke even during the period ended 30 June, compared to a £0.1m loss at the same point last year. Mi-Pay announced that it had successfully renewed 2 major contracts, which between them accounted for 43% of the company’s revenue in 2018. However, the company also revealed that one of its major longstanding clients, looks set to terminate its relationship with Mi-Pay at short-notice. The departure of this mobile network operator after 12 years, would see Mi-Pay lose around 13% of its annual revenues (approximately £0.5m). Mi-Pay has enjoyed a general upturn in its fortunes of late (see: Mi-Pay results reveal continued improvement ) and the latest news heralds more challenging times ahead. Regardless of any deterioration in the external market conditions, the news highlights how much MiPay’s revenues are concentrated amongst a small number of clients. This is sometimes unavoidable, but always a business risk and management will no doubt be cutting its cloth accordingly to reduce the impact, should the termination come to pass.

  • When was Mi-Pay founded?

    Mi-Pay was founded in 2003.

  • Where is Mi-Pay's headquarters?

    Mi-Pay's headquarters is located at ReD House, Surrey.

  • What is Mi-Pay's latest funding round?

    Mi-Pay's latest funding round is Acquired.

  • How much did Mi-Pay raise?

    Mi-Pay raised a total of $8.37M.

  • Who are the investors of Mi-Pay?

    Investors of Mi-Pay include Alphacomm Solutions, Aimshell Acquisitions, AlbionVC, Octopus Ventures and OneVentures.

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