- London/Isle of Man
- Tech & Product DD
Code & Co. provides Tech & Product Due Diligence to Investcorp in connection with its acquisition of innovative payments and e-wallet platform operator MIR Limited
Investcorp Technology Partners, a leading European technology investor, acquired the business and assets of MIR Limited, which operates innovative and award-winning payments platforms and e-wallet solutions.
Founded in 2016, MIR Limited’s Business is a fast-growing FinTech business with more than one million registered users in 180 countries across the globe, including customers in the UK, Germany, Italy, Canada, and the Netherlands. Its offering includes some of the world’s most innovative wearable contactless payment technology which integrates seamlessly with its popular e-wallet and MasterCard-branded prepaid debit cards.
Reflecting its commitment to innovation and its ability to anticipate changing consumer habits, the Business has received numerous industry awards, including “Best Innovator in Payments” at the 2021 Awards for Innovation and “Mobile Payment Solution of the Year” at the 2020 SBC Awards.
Investcorp (through Investcorp Technology Partners) has established a market-leading position of investing in lower mid-market technology companies with a specific focus on the Data / Analytics, IT Security, and Fintech / Payment sectors. Investments include Ubisense’s SmartSpace (enterprise software and sensor Real-Time Location Solutions platform → case study) and Avira (multinational cybersecurity software solutions firm serving the OEM and consumer end markets → case study).
Code & Co. advised Investcorp Technology Partners on Tech & Product Due Diligence compiling an in-depth assessment of MIR Limited’s software architecture and infrastructure, technology stack, scalability, and security. Further, Code & Co. assessed the company’s product-strategic growth plans, product roadmap, and KPIs.
This transaction underlines Code & Co.’s position as a market-leading technology and product advisor for acquisitions across the globe. It further highlights Code & Co.’s sector expertise in highly complex technical and operational sectors of the global digital economy.
Code & Co. is an independent advisory firm specialized in advising funds in the global alternative investment industry. Our expertise is modern and holistic technology and product due diligence. From outside-in audits and confirmatory due diligence to portfolio audits, exit preparation, and vendor due diligence, we provide our clients with crucial insight across the entire investment life cycle.