mx51 provides a cloud-based payment terminal software that enables payment providers to integrate seamlessly with merchants, facilitating efficient in-store payment processing. The platform enhances merchant operations through a centralized dashboard for real-time reporting and analytics, addressing the complexities of payment management and support.
Funding
$32.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Payment providers face challenges in seamlessly integrating with merchants' in-store payment systems, leading to complexities in payment processing and support. Merchants require comprehensive, real-time reporting and analytics to efficiently manage their payment operations.
Solution
mx51 offers a cloud-based payment terminal software platform that enables payment providers to integrate efficiently with merchants, streamlining in-store payment processing. The platform provides a centralized merchant dashboard for near real-time reporting and analytics, simplifying payment management and support. By offering a white-labeled solution, mx51 allows payment providers to deliver innovative merchant experiences without the complexities of building and maintaining their own infrastructure. The platform's architecture prioritizes security, scalability, and availability, ensuring reliable transaction processing. mx51 also provides L1 and L2 support teams to optimize support load for payment providers.
Target Audience
The primary customers are payment providers seeking to offer advanced in-store payment solutions to their merchant clients, ranging from SMEs to large enterprises.
Features
- Device-agnostic payment terminal software for a consistent merchant experience across various hardware.
- Merchant Dashboard providing detailed, near real-time reporting and analytics.
- Support Dashboard enabling payment providers to quickly identify and resolve issues with fleet-wide insights.
- Point-of-Sale (POS) integration framework facilitating fast connections between payment terminals and POS systems.
- White-label solution allowing payment providers to brand the platform as their own.
- Secure cloud infrastructure built for scalability, availability, and integrity.
- L1 and L2 support teams to streamline support for payment providers.