mx51
Latest round
- Series B
Last raised
- Jul 2022
Total raised
- $50M
Investors
- 11
About mx51
Based in Sydney, Australia, and founded in 2020, mx51 Pty Ltd is a developer of a Payment as a Service platform intended for banks to grow merchant relationships through innovative multi-channel payment capabilities and value-added solutions that are delivered through a bank-grade, cloud-based integration system. The company employs 50 staff as of May 2021 but expects to have 70 to 80 staff within six to nine months. mx51 offers a white-label, Payment as a Service (PaaS) cloud platform that holds Personal Identifiable Information (PII) data for acquirers and payment providers. The platform also allows merchants to manage and track payments and monitor their business performance across all of their stores in real-time. mx51 also has open technology architecture, allowing the software to be integrated with a broad range of existing, retail point-of-sale (POS) systems. The company generates revenue through subscription fees from banks and payment providers. mx51 plans to expand with other banking partners, further develop its solution for integrated in-store payments and build out an e-commerce payments platform.
Who invested in mx51
11 investors across 2 rounds
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Questions about mx51
Who invested in mx51?
mx51 has 11 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has mx51 raised?
mx51 has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did mx51 last raise money?
mx51's most recent round on record is a Series B, in Jul 2022.
What does mx51 do?
Based in Sydney, Australia, and founded in 2020, mx51 Pty Ltd is a developer of a Payment as a Service platform intended for banks to grow merchant relationships through innovative multi-channel payment capabilities and value-added solutions that are delivered through a bank-grade, cloud-based integration system.
Where is mx51 headquartered?
mx51 is headquartered in Sydney, Australia.
Which VCs invest in companies like mx51?
Among active investors with capital left to deploy, Blackbird, AirTree Ventures, Square Peg and Movac back software companies at mx51's stage. Their profiles are linked below.
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