July 27, 2015
Mint Payments Ltd. has completed a placement to strategic investor Vix Investments Limited. At the same time, Vix Investments Limited had signed an agreement with the payments provider eWAY. This placement will be made harmonious to s708 (11) of the Corporations Act 2001 to raise AU$4M. Along with placement, the company will offer shareholders to take part in a share purchase plan (SPP) at the same price as the placement. The amount raised by the SPP will be capped at AU$1M.
Mint CEO Alex Teoh said, Vix’s experience in the payments sector has already highlighted several growth opportunities for Mint, both in Australia and various Southeast Asian countries, and we look forward to executing these over the next 24 months.
This new partnership of Mint Payments Limited with eWAY will enable Mint to license its card present features with eWAY’s mPOS solution. This is the way in which eWAY’s 20,000 merchants can expand their payment domain to include traditional payment cards like Visa and MasterCard. This will also facilitate their merchants to use new payment option like contactless payments, magnetic stripe cards, etc. eWAY’s mPOS will integrate Mint software and Mint card hardware to support multiple payment options. This partnership will help SMEs with omnichannel payments on an international level, including Hong Kong, Malaysia, Singapore, Australia and New Zealand.
Mint Payments: Mint Payments Limited is an omnichannel payments processing solution provider. Their two focus areas are Customer Present payments via mobile devices such as smartphone or tablets and Customer Not Present (CNP) payments via the Internet such as e-commerce, MOTO, recurring or bill payments. The team services over 3,000 merchants growing at 200 merchants per month.
Vix Investments Limited: Vix Investments Limited is a global FinTech investor specializing in the payment sector.
eWAY: eWAY is a global online payment gateway that processes card payments. It is supported by more than 350 shopping cart platforms and 23 banks in the United Kingdom, Australia and New Zealand. The company operates in Australia, New Zealand, United Kingdom, Singapore and Canada, and has over 20,000 customers globally.