Investcorp tech fund snaps up e-wallet firm MIR

European tech investor Investcorp has acquired digital payments platform MIR.

Investcorp has acquired all assets of MIR

Investcorp Technology Partners (ITP) says it has completed the acquisition of all the business and assets of software company MIR Limited, which operates a payments platform and e-wallet service.

Following completion of the deal, MIR founder Israel Rosenthal will stay on as CEO. ITP leader Gilbert Kamieniecky, and managing director Georg Knoflach, will represent Investcorp on the board of MIR.

Founded in 2016, MIR’s offering includes wearable contactless payment technology which integrates with its popular e-wallet and ‘MasterCard’-branded prepaid debit cards.

Rosenthal says: “ITP bring a proven track record of investment success, expertise and global network in the payments and technology sectors which will help to realise the enormous growth potential for the business.”

Knoflach adds: “MIR’s strong product offering and capacity for innovation has positioned it at the forefront of ongoing advancements in payments.

MIR claims more than one million registered users in 180 countries across the globe, including customers in the UK, Germany, Italy, Canada and the Netherlands.