MishiPay offers a mobile self-checkout product that lets shoppers scan items and pay via their smartphone so they can leave a store without queuing. The solution is designed to integrate quickly into retailers' existing infrastructure and to be far less hardware-intensive and costly than many alternatives. MishiPay says it has begun generating value for European retailers by reducing in-store checkout times and improving customer experience. Notable retail customers include Decathlon and MediaMarktSaturn. The company positions its offering as a priority for retailers seeking improved omnichannel experiences. Management has signaled plans to continue scaling across Europe and into the US. MishiPay has developed a patent-pending mobile self-checkout system that turns a shopper's phone into the barcode scanner and payment terminal, enabling a ‘scan, pay, leave’ experience. The tech integrates with existing retailer systems and includes anti-theft measures—RFID sensors that disable automatically and alarms if items are taken without payment. The system has been two years in development and successfully trialled in four countries. The company aims to bridge the divide between in-store and e-commerce experiences and to persuade high-street retailers to adopt its solution. MishiPay plans to use new funding to further grow the business and expand retailer deployments. The startup is positioned against competitors such as AmazonGo, QueueHop, and YouBeep but emphasizes zero-friction checkout and deep integration as differentiators.

Total raised

$7M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2019