American Express backs US bound MishiPay
London-based mobile self-checkout startup MishiPay has completed a Series A funding round of £3.5 million, involving American Express Ventures, Nauta Capital and United Ventures.
The venture has been working with the likes of Decathlon and MediaMarktSaturn. It plans to use the cash to expand the scale, speed of integration and international reach of its service.
“Retailers around the world are under pressure to create an outstanding customer experience,” says Julia Huang, Managing Director at American Express Ventures. “We believe MishiPay is well-positioned to play a key role in the omnichannel retail revolution and are pleased to support the company in its next phase of growth.”
“American Express is one of the world’s most trusted brands and brings unparalleled knowledge and experience,” comments Mustafa Khanwala, Founder and CEO, MishiPay.
“We are also delighted to have the support of Nauta Capital once again and the addition of United Ventures, another great retail-focused VC. We believe we have found investment partners who share our vision for the next stage of our growth as we continue to scale across Europe and into the US.”