Albion Ventures-backed Mi-Pay joins AIM

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mobile phone touch screen pdaVenture capital-backed payment services company Mi-Pay, which has joined the AIM market of the London Stock Exchange following its reverse takeover of Aimshell Acquisitions.

Mi-Pay, whose shareholders include Albion Ventures, has secured a £4.4m investment together with an investment round led by its management team.

The company said it will use the funds to accelerate its commercial development.

Albion Ventures partner Ed Lascelles said, “This is a great deal for Mi-Pay. The company already delivers a best-in-class service and has a broad, growing customer base in a dynamic market place.

“As a public company, Mi-Pay now has the platform to deliver on the significant commercial opportunities ahead.”

Earlier this month Albion made a follow-up investment in healthcare software company Mirada Medical.

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