Miura Systems Grabs Number 3 Spot in Sunday Times BT Business SME Export Track 100
May 18, 2015 by Ian Rutland in
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Mobile payments innovator is officially one of the UK’s fastest growing firms abroad
Miura Systems is delighted to announce that it has been ranked number 3 in the inaugural Sunday Times BT Business SME Export Track 100, as a firm with one of the fastest growing overseas sales of any small or medium sized business in the country.
Published this weekend, the league table charts, for the first time, those privately-held SMEs that have generated the most revenue from international customers over the past two years.
High Wycombe-based Miura Systems launched its first product just four years ago with a staff of less than ten people.
Since then, the firm has rapidly accelerated to become a leading provider of innovative and highly secure electronic payment devices with a focus on mobile point-of-sale (mPOS).
It now sells into around 30 international markets across five continents, and counts major payment industry players such as PayPal and Swedish mobile payment firm iZettle as customers.
Miura’s annual international sales over the past two years have grown over 250% to top £14 million, and it is rapidly approaching yet another landmark: one million units sold.
“I am delighted that Miura Systems has been placed in the top 3 of the inaugural Sunday Times BT Business SME Export Track 100. The result reflects how the imagination and innovation of the founders has not only helped define the shape of the nascent mobile point of sale device market but also captured the imagination of payment service providers across the world,” said Ian Rutland, CEO of Miura Systems.
“It is wonderful to reflect that a UK technology company is taking on and beating the major global players in markets as far afield as Japan, Australia, the US and Asia. I would like to thank our customers and staff for helping to make this happen and we look forward to building on this success in the coming years.”
Miura Systems’ success comes from its vision in anticipating the huge impact smartphones and tablets would have on the payments industry. The first users of its technology were the previously underserved businesses such as plumbers, decorators and yoga teachers, who could quickly accept card payments in a cost effective, secure and easy manner by simply pairing Miura payment devices to their smartphones. As mobile payment devices grew in popularity, international expansion and partnerships with new mPOS service providers soon followed.
Partners have been attracted not only by the sleek, consumer oriented design of the products but also the combination of unique software and hardware features that significantly reduces the total cost of ownership of Miura solutions compared to more traditional payment device providers.
The firm’s latest device, the M10, combines mobile, counter-top and contactless payment capabilities to give clients unparalleled flexibility to serve their customers wherever they are and however they want to pay.
Miura’s largest market is Europe, where the volume of chip and PIN transactions is high. But with new clients signed up in the US and Japan, future growth will certainly expand to other regions as the contactless payments revolution continues to spread.
Inclusion in the Sunday Times BT Business SME Export Track 100 recognises achievements to date and the business has the perfect platform for even stronger growth over the next two years and beyond.
Miura Systems is particularly excited about the growth potential of mPOS in developing markets where there is no legacy, fixed payments infrastructure.
About Miura Systems (www.Miurasystems.com)
Miura Systems are the global leading provider of innovative secure electronic payment hardware to the mPOS solution marketplace. Miura partners with Independent Software Vendors and Systems Integrators to deliver platforms, expertise and services to enable retailers and acquirers to provide rich and flexible payment solutions for retail, hospitality, financial and transportation markets globally.