MishiPay, a London, UK-based developer of theft-proof mobile self-checkout technology, raised over £1.65M in seed funding.
The round was led by Nauta Capital.
The company intends to use the funds to continue its growth.
Led by Mustafa Khanwala, CEO, and Tanvi Bhardwaj, CTO, Mishipay develops theft-proof mobile self-checkout technology that aims to eliminate the checkout line in store by
allowing shoppers to scan the barcode of an item on their phone, pay on the phone and leave the store with their items. The company is currently working with partners like Cisco, Avery Dennison, Nedap, Zebra and others and are doing Proof of Value projects with some of the biggest retailers in Europe such as Media Markt Saturn, the largest consumer electronics retailer in Europe.