Investcorp Technology Partners (ITP), a European technology investor, has completed the acquisition of all of the business and assets of MIR Limited, which operates a payments platform and e-wallet solutions.
MIR Limited’s Business is a fast-growing Fintech business with more than one million registered users in 180 countries across the globe. Its offering includes some of the world’s most innovative wearable contactless payment technology which integrates seamlessly with its popular e-wallet and ‘MasterCard’-branded prepaid debit cards.
Following the completion of the acquisition by ITP, the Business will continue to maintain its headquarters in the Isle of Man with further offices in seven countries. Mr. Israel Rosenthal, the founder of MIR Limited, will remain as CEO of the Business.
Commenting on the investment, Georg Knoflach, Managing Director, Investcorp Technology Partners, says; said: “MIR Limited’s strong product offering and capacity for innovation has positioned it at the forefront of ongoing advancements in payments. The acquisition marks the beginning of a fruitful partnership between Investcorp and the Business as we look to position it as a leader in the sector. We see many exciting opportunities ahead – both organic and inorganic – and are looking forward to working with Mr. Rosenthal to take the Business to the next stage in its development.”
