myPOS Acquires UTP, Strengthening Support and Payment Solutions for UK SMEs

Leading European fintech myPOS has acquired UK-based payment solutions provider UTP Group Ltd (UTP), reinforcing its commitment to delivering advanced payment solutions to small and medium-sized enterprises (SMEs) across the UK and Europe.

With over a decade of experience and backed by leading global private equity investor Advent, myPOS has consistently delivered innovative and scalable payment solutions that meet the evolving needs of SMEs and empower them with real-time access to funds. Now, with UTP’s strong direct sales force and established client base, myPOS is in a prime position to support more businesses and drive further expansion in the UK market. 

myPOS CEO Mario Shiliashki commented: “This acquisition is not just about market expansion – it’s about empowering UK SMEs with better payment solutions, stronger support and more growth opportunities. By combining forces with UTP, myPOS will deliver superior solutions faster, enabling businesses to grow and scale without high upfront costs. We are excited to empower local merchants and lay the foundation for long-term success in this key market.” 

Established in 2013, UTP provides a comprehensive suite of payment services, including portable and countertop card machines, Tap-to-Pay and ecommerce solutions, and flexible funding options. Based in Reading, the company has signed more than 52,000 clients.

UTP CEO Michael Ault added: “Joining forces with myPOS is a great opportunity for UTP. Our team will have the chance to work with a leading fintech platform that’s well-positioned for future growth, backed by a growing European presence and a diverse suite of products. I am confident this partnership opens new opportunities to our robust sales team and our merchants, and I look forward to building on this momentum.”

UTP clients will experience no service changes as a result of the acquisition. They will continue receiving the same high level of service, and over time gain access to the myPOS platform.

The acquisition of UTP follows myPOS’s recent acquisition of Toporder in France, further reinforcing the company’s position as a leading fintech provider trusted by SMEs across Europe. In the past year alone, myPOS has expanded its client base by 42%, reaching 250,000 businesses. The company’s turnover grew by 29% in 2024, reaching nearly 14 billion euros, with even greater growth anticipated in 2025. 

myPOS helps SMEs grow and scale more efficiently by offering affordable, scalable, and easy-to-integrate payment solutions – with instant access to funds, real-time transaction data through the myPOS app, and a simple, hassle-free setup process that gets businesses up and running in no time. To discover how myPOS’s payment solutions help the business grow, visit mypos.com.