Burbank raises £5m in seed funding led by Mouro Capital to launch its online card present payments platform.
The seed round was led by Mouro Capital with backing from Anthemis, Foxe Capital, and Portfolio Ventures.
Burbank builds payments technology that enables card present transactions in online channels. The company is based in Cardiff, Wales.
Burbank has secured £5m in seed financing to support the launch of its Card Present over Internet platform. The round was led by Mouro Capital, with participation from Anthemis, Foxe Capital, and Portfolio Ventures.
The capital will be used to accelerate the global rollout of the Cardiff based company's technology, which brings familiar tap and PIN authentication to online shopping channels. By enabling card present transactions online, the platform seeks to reduce fraud, chargebacks, and friction for merchants.
From the founder
"We are extremely excited to bring this evolution in payments to the world. The payments experience should be the same for everyone, regardless of channel. In-store we pay by tap and PIN, which is globally trusted and familiar, and now, for the first time ever, we’re enabling the same process in online channels. Simple, secure, and scalable. The way it should be."
Justin Pike
founder and CEO at Burbank
Investor perspective
"I’m thrilled to support Justin and his team of payments experts. Burbank offers a simple, seamless integration through a single while-label SDK, which securely integrates into existing technology stacks, and supports multiple schemes on iOS and Android. It’s what the market needs."
Manuel Silva Martinez
General Partner, Mouro Capital
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
Burbank
Burbank provides card present payment technology for online channels.