MiFinity, the secure digital eWallet provider, has retained its place in a study of the best Secure Payment Solutions companies. The Plimsoll Analysis assesses the health, value, and prospects of 220 companies within the Secure Payment Solutions sector and evaluates their position within the wider market.
“In a challenging marketplace, where FinTech valuations have declined due to macroeconomic conditions, we are delighted that independent analysis confirms MiFinity’s strong performance and financial health,” said Paul Kavanagh, CEO at MiFinity. “Over the past two years, MiFinity has experienced significant growth, doubling our merchant base and achieving record new account sign-ups. I believe our position among the leading Secure Payment Solutions providers reflects our agility, innovation, and customer-centric approach.”
82 of the companies assessed in the Plimsoll study were identified as being in financial difficulty, with a record number reporting losses. FinTech valuations have declined from the highs seen in 2021, with market volatility and rising interest rates impacting investment activity throughout 2022. Several high-profile companies across the financial services sector have seen valuation adjustments during this period.
Against this backdrop, MiFinity’s performance and market position provide confidence to customers, partners, and investors in the company’s continued strength, resilience, and ability to drive engagement.
Since its management buyout in 2017, MiFinity has built the scale required to support sustainable growth. Since 2021, transaction volumes have increased by over 130%, and in 2022 the company integrated more than 500 merchant brands. In 2023, MiFinity will continue to strengthen its market position and build on this strong performance.
Paul Kavanagh added: “We have ambitious growth plans for 2023 and beyond, supported by a range of new products and services. Most recently, we launched MiFinity Instant Bank Transfer, our real-time account-to-account payment solution. We also introduced MiFinity Bonus, which highlights exclusive offers and promotions from our partners across a wide range of digital services. Further innovations are in development, including an enhanced native and desktop experience for the MiFinity eWallet and an upgraded iFrame to further optimise the payment journey.”
About MiFinity
MiFinity, a global payments provider, offers a range of cost-effective and efficient end-to-end payment solutions. It has a growing network of international partner relationships and a best-in-class, highly secure and regulated technology platform.
For more information, please visit www.mifinity.com
Contact details For PR inquiries, please contact: [email protected]
MiFinity UK Limited (Registration Ref.900090) and MiFinity Malta Limited (Registration Ref. C64824), trading as MiFinity for the issuing of electronic money are duly authorised and regulated by UK Financial Conduct Authority (FCA) and Malta Financial Services Authority respectively (MFSA).
