London based mobile self-checkout startup MishiPay has raised a £1.65m Seed Round led by Nauta Capital.
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MishiPay raises £1.6M led by Nauta Capital for its mobile self-checkout technology
The tech itself has been two years in the making and has been successfully trialled in four countries, and Khanwala says the startup is ready to work with major retailers “to prove the clear value in rolling out our technology in their stores”. Meanwhile, competitors include AmazonGo, QueueHop, and YouBeep, but Khanwala says what makes MishiPay different is the ability to have a ‘scan, pay, leave’ experience with zero friction points or barriers, security against theft with RFID that disables on its own, and deep integration with existing retail tech. “We also have a patent-pending that protects the way we disable the RFID, the way we do our scanning to identify the item uniquely and the different interconnections of the systems,” he says.
