Welsh Fintech Burbank Secures £5 Million to Launch World-First Online Card-Present Platform

Burbank, a pioneering Welsh fintech transforming the payments landscape, has raised £5 million in Series Seed funding to accelerate the global launch of its revolutionary Card Present over Internet (CPoI) platform. The investment round was led by Mouro Capital, with participation from Anthemis (supported by Foxe Capital), Portfolio Ventures, and others.

Burbank’s CPoI technology redefines online payments by enabling Card-Present (CP) transactions over the internet—a first for the industry. Until now, online purchases have relied on Card-Not-Present (CNP) transactions, which are more susceptible to fraud, chargebacks, and costly false positives. Burbank’s solution enables consumers to simply tap their card on their mobile device and enter their PIN—mirroring the familiar in-store experience.

This innovative approach eliminates longstanding barriers for merchants and consumers alike. It not only reduces fraud and operational friction, but also makes the online checkout process easier, faster, and more secure—particularly beneficial for consumers hesitant to enter or store card details online.

“We are extremely excited to bring this evolution in payments to the world. The payments experience should be the same for everyone, regardless of channel. In-store we pay by tap and PIN, which is globally trusted and familiar, and now, for the first time ever, we’re enabling the same process in online channels. Simple, secure, and scalable. The way it should be.”

“I’m thrilled to support Justin and his team of payments experts. Burbank offers a simple, seamless integration through a single white-label SDK, which securely integrates into existing technology stacks, and supports multiple schemes on iOS and Android. It’s what the market needs.”

“CPoI is the first protocol that legally shifts liability away from the merchant. It’s a massively scalable approach, with global demand.”

With its robust security and simple integration, Burbank’s platform empowers consumer-facing businesses to streamline their payment systems, deliver best-in-class customer experiences, and unlock new revenue opportunities—cementing its position as a trailblazer in next-generation payments technology.

This funding follows Burbank’s successful live demonstration of the world’s first online card-present transaction, conducted in Wales on 13 March 2025. Read more about this milestone here.

For more details, visit Burbank’s official website.