Level39 member MYPINPAD has announced that it has closed a £15m series B investment round facilitated by the company’s long-term advisor, Asia Principal Capital.

Owned wholly by Licentia – MYPINPAD is a global leader in payment acceptance and authentication software solutions. MYPINPAD aims to become the world’s first PCI software-based PIN Entry on COTS certified vendor.

MYPINPAD operates an mPOS cloud-hosted solution which uniquely enables merchants, acquirers and PSPs to deploy PIN on Mobile technologies without the need to undergo their own PCI SPoC certification.

Philip King, Chairman and CEO, Licentia and MYPINPAD commented: “We are delighted to have received this level of support from our existing investors. The timing could not be better. MYPINPAD and its sister company MYHSM, are focused on the removal of complexity from global payments acceptance and consumer authentication. This funding will allow both companies to ‘scale’ to meet the demand they have created unfettered by capital constraints. We are now in a strong position to attract the best Sales, Support and Technical Development talent to join our established first-class team in London and in Cardiff.