
Mi-Pay
Founded Year
2003Stage
Acquired | AcquiredTotal Raised
$8.37MAbout 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.
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.
Payments
2,779 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
12,438 items
Excludes US-based companies
Mi-Pay Patents
Mi-Pay has filed 1 patent.

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 |
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Grant Date | 3/12/2019 |
Title | |
Related Topics | Engine technology, Fluid dynamics, Engine valves, Valves, Piping |
Status | Grant |
Latest Mi-Pay News
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.
Mi-Pay Frequently Asked Questions (FAQ)
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, Aimshell Acquisitions, AlbionVC, Octopus Ventures and OneVentures.