Burbank Raises £5m to Launch Groundbreaking Payments Platform
Deal News | Mar 25, 2025 | Business Cloud
Cardiff-based FinTech company Burbank has successfully raised £5 million in seed funding to facilitate the development and global rollout of its innovative platform, Card Present over Internet (CPoI). This revolutionary payments technology allows users to tap their cards on their mobile devices and enter their PIN for online transactions, thereby enhancing the security akin to in-store payments. Mouro Capital led this funding round, emphasizing the platform's importance in providing a seamless and secure online payments experience. The funding supports the strategy of enabling card-present transactions in online channels while mitigating fraud and false positives. Burbank offers a white-label SDK that integrates with existing technology stacks across iOS and Android systems, aiming to provide a familiar and trusted payments experience globally.
Sectors
- Financial Technology (FinTech)
- Payments
Geography
- United Kingdom – Burbank is a Cardiff-based FinTech, placing the geographical focus of the article on the UK where the company and innovations are situated.
Industry
- Financial Technology (FinTech) – This article highlights innovations in payment technology and online transaction security, both key aspects of the FinTech industry.
- Payments – The focus on developing a new secure payments platform places the article firmly within the Payments sector.
Financials
- £5 million – Seed funding raised by Burbank to develop and roll out their payments platform.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Burbank | Target Company | Company | A Cardiff-based FinTech company developing the Card Present over Internet (CPoI) platform. |
| Mouro Capital | Investor | Company | A venture capital firm that led the £5 million seed funding round for Burbank. |
| Justin Pike | CEO and Founder | Person | CEO and founder of Burbank, leading the company's innovative strides in payment technology. |
| Manuel Silva Martinez | General Partner | Person | A general partner at Mouro Capital, supporting the investment in Burbank. |