MuchBetter is a privately owned company headquartered in the UK. Founded in 2017, it employs approximately 110 people and reported $14.6M in revenue as of 2023. The company operates an app-based payment wallet, enabling customers and merchants globally to process and manage e-payments.
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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