Last deal

$20M

Amount

Venture - Series Unknown

Stage

27.02.2024

Date

3

all rounds

$117.47M

Total amount

date founded

Financing round

General

About Company
Mswipe is a mobile POS merchant acquirer and network provider.

Industry

Sector :

Subsector :

Also Known As

Mswipe Technologies Pvt. Ltd.

founded date

01.03.2011

founders

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The company specializes in mobile POS technology that works with all smartphones, tablets, and computers, allowing merchants to accept debit and credit card payments using their mobile phones. Mswipe aims to provide seamless mobile POS solutions to SMEs across India and create India's largest financial services platform for SMEs. Their product suite consists of various POS terminals, including portable palm-size devices, Smart POS options, QR Code, and the latest launch Boombox that provides alerts via sound and display to merchants. Additionally, Mswipe provides instant digital loans to merchants under the brand Mcapital and works with the largest bank networks, insurance partners, and consumer brands to support their merchants and outlets. They service over 16,000 pin codes covering over 800 cities and towns and aim to contribute to the digital revolution of India and make retail stores across all categories self-reliant.
Contacts

Contact Email

Phone number

Social url

Similar Companies
1000
Pay-Me

Pay-Me

Pay-Me is a mobile point-of-sale (mPOS) service provider for small and medium merchants.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Location

Moscow, Russia

total rounds

1

total raised

$1M
M-vendr Technologies

M-vendr Technologies

M-vendr offers POS apps and APIs for distributing prepaid digital products and financial services in emerging markets.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Location

Leeds, UK

total rounds

2

total raised

$125K
Fintiv

Fintiv

Fintiv is a technology company that offers mobile financial transaction services to unbanked and under-banked consumers.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Location

Austin, TX, USA

total rounds

5

total raised

$337.16M

count Of Investments

1
iboxPro

iboxPro

iboxPro is a mobile payment service that allows businesses to accept card payments via a mobile terminal attached to their smartphones.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Keywords

Mobile, Payments, Banking

Location

Hong Kong Island, Hong Kong

total rounds

5

total raised

$6.8M

Financials

Funding Rounds
10
3

Number of Funding Rounds

$117.47M

Money Raised

Their latest funding was raised on 27.02.2024. Their latest investor DSG Consumer Partners. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
13.03.2019
4
$31.47M
Local Amount - INR 2.19B
Alpha Wave Global

Alpha Wave Global

Falcon Edge Capital is a venture capital and hedge fund.

Sector

Closed End Investments

Subsector

Closed End Investments

Keywords

Financial Services, Venture Capital, Finance

Location

New York, NY, USA

count Of Investments

101

count Of Exists

5
InnoVen Capital

InnoVen Capital

InnoVen Capital is Asia's leading venture lending firm with offices in Mumbai, Singapore, and Beijing.

Sector

Finance and Credit Services

Subsector

Consumer Lending

Keywords

Financial Services, Venture Capital, Finance

Location

Mumbai, Maharashtra, India

count Of Investments

185

count Of Exists

29
B Capital Group

B Capital Group

B Capital Group is a venture capital firm that invests in global entrepreneurs in the field of information technology.

Sector

General Industrials

Subsector

Diversified Industrials

Location

Manhattan Beach, CA 90266, USA

count Of Investments

197

count Of Exists

5
Co-Investors
Investors
12
7

Number of lead investors

12

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Series D, Series E, Venture - Series Unknown
Yes
Series E, Venture - Series Unknown
No
Venture - Series Unknown
DSG Consumer Partners

DSG Consumer Partners

DSG Consumer Partners invests in and grows consumer businesses in India & SE Asia.

Sector

Consumer Services

Subsector

Miscellaneous Consumer Services

Keywords

Financial Services, Consumer Goods, Finance

Location

Singapore

total rounds

1

count Of Investments

112

count Of Exists

4
Alpha Wave Global

Alpha Wave Global

Falcon Edge Capital is a venture capital and hedge fund.

Sector

Closed End Investments

Subsector

Closed End Investments

Keywords

Financial Services, Venture Capital, Finance

Location

New York, NY, USA

count Of Investments

101

count Of Exists

5
Matrix Partners India

Matrix Partners India

Matrix Partners India is an investment firm that focuses on early-stage startups in India and helps them build world-changing companies.

Sector

Investment Banking and Brokerage Services

Subsector

Asset Managers and Custodians

Keywords

Financial Services, Venture Capital, Finance

Location

Mumbai, Maharashtra, India

count Of Investments

191

count Of Exists

14
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 

Payubiz - Division acquired by Mswipe Technologies

acquirer

Mswipe Technologies
Mswipe Technologies

date

16.05.2017

type

Acquisition

Payubiz - Division

Payubiz is an online payment solutions company.

Sector

Industrial Support Services

Subsector

Transaction Processing Services

Location

Mumbai, Maharashtra, India

People

Founders
1
Manish Patel
Manish Patel

Manish Patel

Manish is the CEO of Mswipe and has 20 years of experience leading sales. Prior to Mswipe, he co-founded Milestone Merchandise, an Alcobev distribution company with FY012 sales of Rs 140 crores. Manish has a degree in Medicine from Mumbai University.

current job

Mswipe Technologies
Mswipe Technologies

count Of Investments

1

count Of Exists

1

Manish Patel

Employee Profiles
8
Ketan Patel

Ketan Patel

Chief Executive Officer

Sandesh Salunkhe

Sales manager

Manish Patel

Manish Patel

Founder & CEO

Sameer Hoda

Sameer Hoda

Senior VP - Strategy and Operations

Yogesh Mistry

Yogesh Mistry

CTO

Srinivas Rao

Srinivas Rao

Chief Commercial Officer

Activity

Recent News
6
News Timeline

The graph reveals the ratio (%) of positive news articles in a chosen time range

month