MuchBetter, a privately owned company founded in 2017 and headquartered in the UK, provides an app-based digital wallet. The company, employing approximately 110 people as of 2023, facilitates e-payment processing and management for both consumers and businesses globally. Its revenue in 2023 was less than $100 million. While described as an "enterprise cloud" product, this likely refers to the underlying technology supporting its payment platform rather than a distinct software-as-a-service offering.
On an unspecified date, MuchBetter, a global fintech brand, faced operational challenges related to scaling its business. On an unspecified date, MuchBetter was mentioned in an article discussing e-purse options for mobile gambling enterprises. On an unspecified date, MuchBetter secured a Principal Licence from Mastercard for card issuing in the UK, with regulatory approval also obtained to expand this licence to Israel. A subsequent news story, also on an unspecified date, reiterated the securing of a Principal Licence from Mastercard, allowing for direct card issuance in the UK and pending regulatory approval in Israel, issued to MIR Limited UK Ltd, a company within the MuchBetter group. Another report, on an unspecified date, again highlighted the granting of a Principal Licence by Mastercard for card issuing in the UK, with regulatory approval secured for expansion to Israel.
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