Revolutionizing the $27 Trillion Global Retail Industry

UCL engineering student Mustafa Khanwala waits 20 minutes in a supermarket queue to buy a single can of soda. Frustrated by the experience, he envisions a better way for both shops and shoppers. Mustafa creates the first prototype of Scan & go.

MishiPay pilots its Scan, Pay and Go mobile app with RFID loss prevention at The Dandy Lab, a pop-up in Shoreditch, London. It works!

The company joins the IDEA London accelerator and receives external funding from University of Manchester and UCL. MishiPay wins its first commercial deal at Deloitte’s ‘Store of the Future’ in London and receives the Mayor of London award.

MishiPay Scan & Go goes live at Saturn Express in Innsbruck, Austria and later in Saturn in Hamburg – the world’s largest consumer electronics retailer. Nauta Capital and Commerce ventures become a few of the first big investors in MishiPay.

The first large scale rollout of Scan & Go starts with Decathlon in the Netherlands. Mishipay closes their Series A funding round with American Express Ventures. Founder Mustafa Khanwala and co-founder, Tanvi Bhardwaj are named to Forbes’ 30 Under 30 list.

A global pandemic severly affects in-store retail. We doubled down on solutions to help stores stay open with reduced costs, signing MUJI and Flying Tiger Copenhagen in the UK for our Scan, Pay and Go to all their stores in London.

We launched MishiPay Self-Checkout Kiosks – an evolution that would redefine our business. The kiosks solved the final barrier to mass adoption – customer adoption. This bold pivot from mobile-only to our omnichannel platform set the stage for explosive growth and international expansion. MishiPay kiosks were deployed in flagship stores in the UK and the USA and since then we have never looked back.

The launch of MishiPay Kiosks followed by mPOS while maintaining our core of mobile first cloud native technology from our legacy of Scan, Pay and Go, led to an explosive growth in stores across the UK, Europe and North America. In December 2024, >2% of the UK population shopped using MishiPay. We then launched in the Middle East and secured our first anchor customer. MishiPay kiosks and mpos were live in one of the busiest airports in the world in Dubai. We raised more expansion capital to support this growth.

Launching our modular POS strategy: “Scale Your POS, Perfect Your Checkout.” Moving beyond single solutions to a complete platform where retailers can deploy modules as needed – traditional checkout, self-service kiosks, rfid self checkout, mobile POS, and scan & go – all working together seamlessly. Building towards profitability while empowering every retailer to create their perfect checkout experience, one module at a time.