The Bahrain-based private equity firm is doubling down on tech investments
In Brief:
Isle of Man-based MIR specialises in wearable, contactless payment technology which integrates with e-wallet and prepaid debit cards.
It has more than one million registered users in 180 countries across the globe, including customers in the UK, Germany, Italy, Canada and the Netherlands.
Investcorp has assets worth more than $37bn under management.
What does this mean?
This is the latest move by the Bahrain-based private equity firm to add to its portfolio of fintech and other tech assets. Other investments include Softgarden, a human resources software provider; Calligo, a proprietary cloud solution company and Ageras, an online marketplace matching SMEs with professional service provider.
