mx51 offers a bank-grade payments-as-a-service platform that enables banks and non-bank acquirers to deliver modern multi-channel payments and value-added solutions to merchants. The product serves two distinct markets: for banks and acquirers it provides a futureproofed payments solution that leverages existing legacy infrastructure, and for merchants it delivers embedded online and in-store payments plus a merchant dashboard with self-service features. The platform is regularly updated with new capabilities and aims to provide fraud prevention and data-driven customer insights. Since its $25 million Series A last year, mx51 has doubled global headcount to over 100 and is on track to more than double revenues this calendar year. The company plans an aggressive rollout over the next few years, beginning in Australia and then expanding internationally, and will use new capital to enhance core in-store, online and dashboard solutions and develop further capabilities.

Total raised

$33M

Funding rounds

1

Latest round

Series B

Latest activity

Jul 2022