About Mi-Pay
Mi-Pay is a Financial Services company based in Surrey (Canada) founded in 2003. It operates as a payment gateway services for mobile operators and merchants are provided. Mi-Pay offers products and services including Digital Goods Shop, Anti-Fraud Solution, and Branded eSIM. Its focus areas include FinTech, RegTech, Fraud Detection and Transaction Monitoring. Its legal entity is Alphacomm B.V. Its competitors include Stripe, Square, Flutterwave, PayU and Mollie and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Founded in 2003 and based in Surrey, Canada, Mi-Pay operates in the fintech sector as a payment gateway for card-not-present transactions. Services are extended to mobile operators and online merchants, allowing customer top-ups via creditdebit cards, PayPal, bank transfers, and direct debit. Access is supported across web, on-device, and interactive voice response channels in a white-label format. The Mi-Pay Group is publicly traded on the London Stock Exchange.
- Headquarters Surrey, Canada
- SectorsFinancial Services
- Email••••••••
- Website mi-pay.com
- Social LinkedIn X
- Legal Name Alphacomm B.V.
- Latest Funding Round$7.4M (USD), Post-IPO
Apr 2014
- InvestorsAlbion Capital
& 3 more
Products & Services of Mi-Pay
Mi-Pay offers a comprehensive portfolio of products and services, including Digital Goods Shop, Anti-Fraud Solution, and Branded eSIM.
Platform for secure online sales of digital goods like top-ups.
Tool to prevent payment fraud during transactions.
Solution for generating revenue through travel eSIM offerings.
Funding Insights of Mi-Pay
- Total Rounds 5
- Last Round Post-IPO — $7.4M
- Investors Count 4
All 5 funding rounds of Mi-Pay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2014 | $7.4M | Post-IPO | – | – | |
| Mar 2010 | $4.11M | Post-IPO | – | – | |
| Feb 2010 | $4.64M | Post-IPO | – | – | |
| Nov 2007 | $3.7M | Post-IPO | – | – | |
| Jun 2004 | – | Series A | – | – |
4 investors in total: 4 institutional.
Investors in Mi-Pay
Mi-Pay has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Albion Capital, ReD Plc and Octopus Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are managed by Albion Capital. | 1996 | albion.capital | London, United Kingdom | |
Venture capital investment and support for founders in technology and health sectors. | – | octopusventures.com | - | |
- | – | closeventures.co.uk | - | |
ReD Plc was founded in 1999 in Surrey, Canada. | 1999 | redplc.com | Surrey, Canada |
Investor details for Mi-Pay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of Mi-Pay
7 people are tracked at Mi-Pay (3 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Huub Sparnaay | Founder & Rainmaker | Leadership |
Fawad Shah | Chief Information Officer | Leadership |
Sjoerd Groot | Chief Growth Officer | Leadership |
Anjali Ghirah | (international) Business Development Manager | Team |
Yana V. | Product Owner - Checkmaxx | Team |
Mihaela V. | Product Owner | Team |
Marcell Potgieter | E-commerce Specialist | Team |
Complete people profiles for Mi-Pay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Mi-Pay
3 dated milestones of Mi-Pay across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Mi-Pay is founded.
- Funding First funding round.
- Funding Latest funding round, Post-IPO, of $7.4M.
Competitors of Mi-Pay
Mi-Pay has 8 listed competitors in our database, 8 of them funded. They include Stripe, Square, Flutterwave, PayU and Mollie, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| squareup.com | 2009 | San Francisco, United States | $519.75M | 11,372 | POS solutions are provided for retail businesses. | |
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| mollie.com | 2004 | Amsterdam, Netherlands | $940M | – | Online payment solutions are provided for businesses via API. | |
| highradius.com | 2006 | Houston, United States | $484M | – | Autonomous finance and payment solutions are provided to businesses. | |
| nuvei.com | 2003 | Montreal, Canada | $321.71M | – | Payment processing solutions are delivered to merchants and businesses. | |
| teya.com | 2019 | London, United Kingdom | $844.92M | 268 | Teya is focused on providing payment solutions for small businesses. |
Detailed competitors of Mi-Pay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Mi-Pay
The website of Mi-Pay (mi-pay.com) receives about 2.7K visits a month.
- Monthly visits2.7K
▲ 394.9% vs previous month
Websites whose visitors overlap most with Mi-Pay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| onebip.com | 23% | – | – | View details |
Top companies in Regulatory & Compliance Tech
10 companies that operate in the same segment as Mi-Pay (Regulatory & Compliance Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based anti-money laundering solutions are provided for compliance. | 2014 | London, England, United Kingdom | USD 167.21 M | USD 45.67 M | 443 | |
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
Automated and expert-led identity verification services are provided. | 2010 | Munchen, Bayern, Germany | USD 40 M | – | 29 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 724 | |
AI-powered data and decision intelligence solutions are provided for businesses. | 2016 | London, England, United Kingdom | USD 545.02 M | USD 161.29 M | 886 | |
Facial recognition and AI video analysis solutions are provided. | 2011 | Beijing, Beijing, China | USD 1.98 B | – | 413 | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | – | 815 | |
Identity verification, background screening, and fraud prevention solutions are provided. | 2011 | Mumbai, Maharashtra, India | USD 103.31 M | – | – | |
Software solutions for identity management are provided via APIs. | 2006 | Trondheim, Trøndelag, Norway | USD 2.09 M | USD 72.04 M | 150 | |
AI-driven image recognition for emotion and activity analysis is provided. | – | Boston, Massachusetts, United States | USD 59.7 M | – | 40 |
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Related news about Mi-Pay
Complete news archive for Mi-Pay
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Frequently Asked Questions about Mi-Pay
Mi-Pay was founded in 2003 and raised its 1st funding round 1 year after it was founded.
Mi-Pay is headquartered in Surrey, Canada. It is registered at Surrey, British Columbia, Canada.
Founded in 2003 and based in Surrey, Canada, Mi-Pay operates in the fintech sector as a payment gateway for card-not-present transactions. Services are extended to mobile operators and online merchants, allowing customer top-ups via creditdebit cards, PayPal, bank transfers, and direct debit. Access is supported across web, on-device, and interactive voice response channels in a white-label format. The Mi-Pay Group is publicly traded on the London Stock Exchange.
Mi-Pay's top competitors include Stripe, PayU and Flutterwave.
Mi-Pay offers Digital Goods Shop, Anti-Fraud Solution, and Branded eSIM.
Mi-Pay has 4 investors. Key investors include Albion Capital, ReD Plc, Octopus Ventures, and Close Venture Management.
Mi-Pay operates through Alphacomm B.V..