MishiPay recognized for achievements in reinventing in-store retail

NEW YORK, December 3, 2020 — CB Insights today named MishiPay to its inaugural Retail Tech 100 ranking, which showcases the 100 most promising B2B retail tech companies in the world.

The 2020 Retail Tech 100 cohort highlights startups reimagining the retail experience across 13 categories, from e-commerce infrastructure to supply chain automation and cashierless checkout. 21 countries represented this year include India, China, Canada, Singapore, and the United Kingdom, among others.

“The rate of change in retail is accelerating, and the Retail Tech 100 showcases the tech companies that are changing every facet of retail – from store automation to supply chain robotics to personalized merchandise discovery. Spanning 13 distinct technology markets, they address key challenges retailers face today while also helping them adapt and be ready for changing consumer habits,” said CB Insights CEO Anand Sanwal. “The honorees also underscore the fact that the best technologies driving retail transformation may come from anywhere as they hail from 21 countries ranging from Canada to Singapore to Brazil to Sweden. As we head into 2021, we are excited to see the impact the Retail Tech 100 will have on customers, retailers, and markets.”

Mustafa Khanwala, MishiPay’s Founder & CEO, said: “Being named on the prestigious CB Insights Retail Tech 100 list alongside our peers that are leading the exciting transformation of retail is a fantastic endorsement of our technology and makes me very proud. MishiPay has seen huge growth during 2020, bringing our technology to thousands of shoppers and generating value for hundreds of stores around the world. Our technology increases the retailer’s connection with their shoppers and increases their sales by as much as 30% whilst simultaneously keeping everyone safer in-store by reducing the need for physical contact. We look forward to further expansion in 2021 as we improve the brick and mortar experience for more shoppers and more retailers”.

Through an evidence-based approach, the CB Insights research team selected the Retail Tech 100 from nearly 15,000 applications and nominees, based on several factors including patent activity, business relations, investor profiles, news sentiment analysis, proprietary Mosaic scores, market potential, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.

Quick facts on the 2020 Retail Tech 100:

• The 2020 Retail Tech 100 startups have raised over $14B in total equity funding across 400+ deals from 700+ unique investors. Over half of these companies have raised funding in 2020 (as of 11/20), amounting to $4.7B in total.
• The list includes 19 unicorns (companies that have reached a valuation of $1B+) focused on a diverse range of retail tech solutions.
• There are 21 early-stage startups (seed/angel and Series A) in this year’s cohort.
• Majority of these companies are based in North America (59%), followed by Asia (21%), Europe (16%), and Latin America (4%). Among countries, the US leads with 55 companies.

The Retail Tech 100 Companies (in alphabetical order):

About CB Insights

At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.

Contact:

Farrah Kim – PR & Communications | fkim@cbinsights.com

About MishiPay

MishiPay brings the best of the online checkout experience to physical stores, giving shoppers the ability to scan and pay for their shopping using their mobile phones. Founded in 2015, MishiPay has grown quickly and now serves its scan, pay, go technology to some of the largest retailers in the world. Thanks to the skills of their technical team and their carefully curated list of partners, MishiPay are able to integrate quickly and cost-effectively into retailers existing systems without the need for any additional hardware, making it possible for both shops and shoppers to benefit from the best of the online and offline worlds.

CONTACT:

David Grenham | info@mishipay.com