Bahrain’s Investcorp acquires fintech company MIR through its tech fund

DUBAI. A tech fund operated by Bahrain’s Investcorp has bought out MIR Ltd, the digital payments platform and e-wallet solutions provider.

Founded in 2016, MIR has more than a million registered users worldwide. Its offering includes wearable contactless payment technology, which integrates with its e-wallet and ‘MasterCard’-branded prepaid debit cards.

Following the acquisition, MIR will continue to maintain its headquarters in the Isle of Man and offices in seven countries. Israel Rosenthal, the founder, will remain as CEO. “We see many exciting opportunities ahead – both organic and inorganic – and are looking forward to working with Rosenthal to take the business to the next stage in its development,” said Georg Knoflach, Managing Director of Investcorp Technology Partners, the entity that acquired MIR.