8 years ago

MishiPay Raises £1.65M to Bring Mobile Self-Checkout to High Street Retailers

  • MishiPay, a London-based startup that has developed mobile self-checkout technology designed to eliminate queues at checkout in retail stores, has raised £1.65 million in seed funding led by European VC Nauta Capital

  • The company's technology enables customers to scan items using their smartphones, pay through the app, and leave the store without waiting in line

  • The startup aims to persuade high street retailers to adopt its technology and plans to use the funding to further grow the company

  • MishiPay's technology has been trialed in four countries and incorporates security measures to prevent theft, including RFID technology, which disables security once payment is confirmed

  • The startup's technology is designed to offer a seamless shopping experience and aims to bridge the gap between in-store and e-commerce shopping.

      • ProblemTechnology

      "People hate queuing in shops. It's a pain for everyone, and it's a huge waste of time."

      Solution

      "MishiPay has built technology that lets you scan items with your phone, pay, and leave the store without ever having to queue. It uses RFID technology to prevent theft, and it integrates with existing retail systems."

      Covered on