Now Reading
Mswipe Raises $30M, Plans To Expand Line Of mPOS Terminals

Mswipe Raises $30M, Plans To Expand Line Of mPOS Terminals

Prajakta Hebbar
mswipe
W3Schools

mswipe

Indian fintech startup Mswipe this week raised an astounding amount of $30 million or ₹270 crore from existing investors. The Mumbai-headquartered company banked on their strong existing investors such as Falcon Edge, B Capital, Epiq Capital and DSG Growth Partners among others, for their latest round of funding.

In their last round in 2017, Mswipe had managed to raise over $40 million.



Mswipe said in a statement that apart from expanding their existing line of mPOS terminals, the company is driving forward on two new initiatives — smart POS terminals and UPI QR codes. “A bulk of the Series E round will be deployed towards deepening these initiatives, which are already underway,” they said.

Mswipe Founder and CEO Manish Patel said in a statement, “WisePOS Plus… powered by a suite of productivity apps, can enable a merchant to save thousands of rupees and hundreds of hours that go into running computer-based billing and inventory solutions with integrated payments. At the same time, we are also creating a huge opportunity for app developers with MoneyStore… We expect to be serving well over a million merchants by this time next year, making us one of the largest and most capital efficient merchant acquirers in the country.”

What Do You Think?

If you loved this story, do join our Telegram Community.


Also, you can write for us and be one of the 500+ experts who have contributed stories at AIM. Share your nominations here.

Copyright Analytics India Magazine Pvt Ltd

Scroll To Top