MishiPay Ltd

  • London, UK
  • RetailRetail Technology, Retail, FinTech, Marketplace, Mobile

MishiPay’s theft-proof, scan and pay solution brings benefits of online shopping to physical stores.

Founded:
2015
Stage:
Proof of Concept
Market:
B2B

Startup Video

Featured

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2 Indians Among Top 10 In London Mayor's Innovation Contest | NDTV

Nov 04, 2016

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Two Indians among winners of London’s student innovation awards | Hindustan Times

Nov 03, 2016

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Spider silk violin on shortlist for £10k student design prize | London Evening Standard

Oct 28, 2016

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4 Indian students selected for London mayor's International Student Innovation Awards 2016 | India Today In

Oct 28, 2016

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4 Indian students vie for London mayor’s award worth 10,000 pounds | Hindustan Times

Oct 28, 2016

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International Students At Forefront Of Innovation In UK Universities | London & Partners

Oct 28, 2016

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Building a strong network to start a business | UCL

Oct 04, 2016

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Venture Further: 2016 winners | Manchester Evening News

May 05, 2016

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Venture Further: 2016 winners | Manchester Evening News

May 05, 2016

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Never Stand In Line Again: Meet MishiPay | James Xue, Editor in Chief of CORE Impulse

Jan 01, 2016

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FUTURE TECH: MISHIPAY AT THE DANDY LAB | Julija, Co-Founder at The Dandy Lab

Dec 14, 2015

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Pioneering London's Retail Ecosystem | UCL

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MNSWR TV #1 Ft. Tinie Tempah, David Gandy, Oliver Spencer And Much More | MNSWR TV


Founded

MishiPay Ltd. incorporated.

Aug

2015

New Product Release

iOS app released on the App Store.

Dec

First User Trial Began

User trial began at The Dandy Lab in London. Lasted for 6 weeks.

Dec

Post Accelerator

Moved into Post Accelerator, IDEALondon in London.

Mar

2016

Cisco Partnership

Association with Cisco began.

Mar

Won Competition

Won the Bright Ideas Competition organized by UCL Advances.

Mar

Won Competition

Won the Venture Further Competition organized by the University of Manchester.

May

Received Scholarship

Received scholarship by the Government of Karnataka.

Jun

Cisco Solutions Partner

Cisco Solutions Partner status achieved in record time of 3 months.

Jun

Deloitte Digital

Deloitte Digital purchases MishiPay technology to demonstrate in their store.

Aug

Letter of Intent

Letter of Intent received from Customer in Israel - 60 million annual shoppers

Sep

Finalist in Competition

MishiPay 1 of top 8 teams in pan Europe competition by EIT

Nov

Finalist in Competition

CEO becomes finalist in Student Innovation Competition by the Mayor of London

Dec

Award Won

CTO won the Anita Borg Women in Entrepreneurship Award by DST, Govt of India

Dec

Funding

First funds raised in seed round, money into the account, total £140,000

Dec

Jobs


Team Summary

Mustafa is a Mechatronic engineer, and has worked with Barclays, National Instruments, Porsche, Tata Consulting Services and others. He came up with the idea for MishiPay.

Tanvi is a Computer Systems Engineer from the University of Manchester. She has worked on a range of projects and has been part of a successful startup (got acquired in 2015).

Team


Product/Service Summary

MishiPay seeks to bring the best of online shopping to the physical store for both shoppers and retailers. With our app, shoppers can scan barcodes on items and pay on the spot, without ever needing to go to a counter or waiting in any queue. They can just scan, pay and leave, with as few as 3 clicks. At the same time, it's sustainable for retailers because we incorporate RFID security that ensures that if somebody tries to walk out without paying, the sensors immediately catch that and sound the alarm. So shoppers will save a lot of time and have a much better shopping experience while retailers will increase sales, have far more shopper insights and improve profitability while still ensuring security against theft.

How are we different?

Unlike Amazon Go (very convenient but requires stores to be uprooted for tech overhaul), we work with current systems of retailers while still providing similar level of experience.

Also, the likes of Apple Pay (convenient as on phone, but queuing still needed), Waitrose Quick-Check (not universal, sometimes not secure or checkout at till needed) or YouBeep (universal but need to go to checkout point before entrance and exit) just defer the queue but MishiPay completely eliminates it.

We are also universal, hence highly convenient.

Product/Service Descriptions