Mint Payments Limited

Mint is an Australian fintech specialising in a wide range of end-to-end payment solutions allowing businesses to accept payments from their customers and make payments to their suppliers locally and internationally.

Mint Payments believes every transaction a business makes should add value for you and your customers. Whether through products designed specifically for your industry, efficiency improvements to save your business time or tailored pricing for larger merchants.

With a strong focus on the travel industry, Mint Payments offers a seamless omnichannel payments suite helping businesses unlock profits and enjoy more rewarding payments, online, in-store, in-app, and beyond.

Vertically focussed Technology

Mint has built tailored products for markets underserved by generalist merchant technology providers. Mint has developed a strong reputation as a market leader in providing payment solutions to the travel industry.

End-to-End payments solution

Mint is building out a unique payment offering that will create a seamless, end-to-end, payment solution for merchants that provides cost savings and process efficiencies to ensure they get paid faster and benefit from improved working capital. The outcome for Mint is a greater share of wallet and higher customer retention.

Primed for the Travel Recovery

Local SME travel agents process over $11B of the $20B+ in the travel industry (pre-COVID), with Mint processing ~5% of the Australian market (pre-COVID).

Mint is a leader in providing payment solutions to SME travel agents in Australia. COVID-19 significantly impacted travel volumes, however, Mint continued to progress to ensure it is well-positioned to benefit more strongly from travel recovery.

Through acquisitions, Mint is seeing significant improvement in total transaction value (TTV) and revenues post-borders open with MoM growth of over 60% in 2022. Mint processes over 50% more volume than pre-COVID despite the industry still being in recovery.

Mint has significant exclusive arrangements with key industry players including Helloworld Travel, and preferred agreements with Travellers Choice, CT Partners, the Express Travel Group, and more.

Profitable and scalable growth opportunity

Mint is EBITDA positive and generating material growth in gross margin and TTV.

Mint’s cost-cutting measures resulted in a steady increase in EBITDA and accelerated acquisitions including of IPG in September 2021.

Financials

Mint continued to grow in FY 2023, with a 66% growth in revenue.