New Study Ranks MiFinity Among the Top Secure Payment Solutions Companies

MiFinity, the secure eWallet provider, has maintained its position as one of the best Secure Payment Solutions companies in a recent study conducted by The Plimsoll Analysis. The study analysed 220 Secure Payment Solutions companies and assessed their health, value, and prospects in the overall market.

Despite challenging market conditions and a decrease in FinTech valuations due to economic factors, MiFinity has demonstrated good health and strong performance. In the last two years, the company has experienced exponential growth, doubling its merchant base and achieving record new account sign-ups. MiFinity attributes its success to its agility, innovation, and customer-centric approach.

The Plimsoll study revealed that 82 of the audited companies were in financial danger, and a record number were making a loss. FinTech valuations have also experienced a downturn compared to the highs of 2021 due to volatile technology stocks and rising interest rates, with several companies including Revolut, Varo Bank, Klarna, and Stripe experiencing valuations cuts.

Despite this challenging backdrop, MiFinity’s performance and market position have provided confidence to customers, merchants, and investors in the company’s ongoing strength and resilience. Since the company’s management buyout in 2017, MiFinity has built the necessary scale to generate sustainable growth, with transaction volumes surging by over 130% since 2021 and the integration of over 500 merchant brands in 2022.

Looking ahead, MiFinity has ambitious growth plans for 2023 and beyond, with the launch of new products and services such as MiFinity Instant Bank Transfer and MiFinity Bonus, which showcases exclusive deals and offers from the company’s partners across multiple industries. More innovations are also in the pipeline, including a new native and desktop experience for the MiFinity eWallet app and a new iFrame.