PORTFOLIO
mx51
The next-generation merchant experience starts here.
At a glance…
Year Founded: 2016
Stage: Series B
Category: FinTech SaaS
Location: Sydney, Aus
Total Funding: $80M
Backed by Rampersand: 2022
mx51 stands for merchant experience, and the company is obsessed with building products centred around merchants and their customers. It supports leading banks, merchant acquirers, and payment facilitators to deliver best-in-class merchant experiences for customers globally.
We love mx51 because:
mx51 was founded by agile and driven visionaries who combine clear technological, commercial, and sales expertise to deliver unparalleled service. From the beginning, mx51 has leveraged a clear product and tech advantage, providing bank-grade infrastructure that ensures security and reliability, setting them apart in the competitive payment solutions landscape.
Funding timeline
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Westpac
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Mastercard
Cultivation Capital
SixThirty
Commencer Captal
Artesian
Acorn Capital
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Rampersand
Mastercard
Commencer Capital
Artesian VC
Acorn Capital
Meet the founders
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Victor Zheng
CO-FOUNDER, CEO
Victor previously led Westpac’s payments division after several roles across the bank.
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Magnus Hsu
CO-FOUNDER, COO
Magnus has over a decade of experience in the payments/banking and strategy space.
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Steven Hadley
CO-FOUNDER, CTO
Steven has over 25 years of developer experience at three leading Aus payment processors.
VC funding that aligns with your growth
“Our business model is radically different in delivering SaaS in the payments space. We chose Rampersand because their expertise, network, and commitment to supporting founders align perfectly with our growth vision.”
VICTOR ZHENG - CEO OF MX51
Work with the mx51 team
If you're ready to join a team of innovators, be part of an exciting growth journey and work with a great bunch of people - get in contact with mx51 on their careers page:
Get social with mx51:
Looking for VC fund investment? Get in touch!
Our doors (or inboxes) are open! We aim to be as accessible as possible to all Founders with great ideas from all walks of life. Even if it's just a kernel of an idea, please don't think it's too early to reach out.