MishiPay raises £3.5m in Series A funding led by American Express Ventures
The Series A round was led by American Express Ventures with backing from Nauta Capital and United Ventures.
MishiPay provides a mobile self-checkout technology that allows shoppers to scan and pay for items using their smartphones. The system integrates quickly into existing retail infrastructure to reduce queues and improve store efficiency.
MishiPay has secured £3.5m in a Series A funding round led by American Express Ventures, with participation from Nauta Capital and United Ventures. The company plans to use the capital to support its expansion across Europe and into the US market, while scaling its mobile self-checkout technology for large retailers.
The platform enables shoppers to scan and pay for goods using their mobile phones, allowing them to bypass traditional checkout queues. Major European retailers such as Decathlon and MediaMarktSaturn already utilise the service to improve customer flow and reduce checkout times in store.
From the founder
"American Express is one of the world's most trusted brands and brings unparalleled knowledge and experience. We are also delighted to have the support of Nauta Capital once again and the addition of United Ventures, another great retail-focused VC,"
Mustafa Khanwala
Founder and CEO at MishiPay
Investor perspective
"Retailers around the world are under pressure to create an outstanding customer experience,"
Julia Huang
Managing Director, American Express Ventures
Use of funds
- 01Expand into international markets
