mx51 have raised $32.5m in their Series B round

mx51 is a white-label payment technology provider, emerging out of leading payment technology provider Assembly Payments.

• The funding will be used for product development of new solutions and features, client rollout and international expansion.

• mx51 Co-founder Victor Zheng said to Sub11

“mx51’s unique go-to-market model is that we essentially “piggyback” off banks and acquirers existing customer base to help grow our business.”

• This raising adds to their $25m raised last year

• For more information on mx51 – https://www.mx51.io/