Mypinpad raises £46m for smartphone payment technology

Transforming NFC-enabled smartphones and tablets into secure payment terminals is the core focus of Mypinpad Ltd, which has raised an estimated £46m in new funding. Based in Cardiff and founded in 2012, the company provides SoftPOS technology that allows merchants to accept card and cardless transactions without relying on dedicated hardware.

The platform addresses fragmentation in the financial services industry by delivering payments, authentication, and verification through a single white-labelled interface. This software is designed for global banks, acquirers, and payment service providers seeking to enhance security for in-person digital transactions.

Mypinpad operates as an independent entity, maintaining no ownership ties to payment schemes or hardware manufacturers. It develops all internal technology, including kernels and backend services, and holds certifications for MPoC, DSS 4, ISO 27001, and PIN. The company also serves on the PCI Security Standards Council Board of Advisors.

Latest financial accounts for the year ended 30 June 2025 recorded a headcount of 34 employees. Current figures from LinkedIn indicate the staff size has since increased to 52 people. Formal documentation for the £46m investment was filed in June 2026.