Mswipe raises $20 million in ongoing funding round led by Alpha Wave

Feb 27, 2024•almost 2 years ago

Amount Raised

$20 Million

MumbaiFinancial Services

Investors

OlaUc RntDsg Consumer PartnersEpiq CapitalMatrix Partners IndiaAlpha Wave Global

Description

Mswipe Technologies has raised $20 million in growth equity capital from its existing investors, led by Alpha Wave Global. The proceeds from the ongoing fundraise will be used to widen its merchant payment network and strengthen its product and technology infrastructure.

Company Information

Company

Mswipe Technologies

Location

Mumbai, Maharashtra, India

About

Mswipe is a leading digital payment and financial solutions company supporting the growing merchant community across India. Our product suite consists of various POS terminals, from portable palm-size devices to various Smart POS options, QR Code, and the latest launch Boombox that provides alerts via sound and display to merchants. Mswipe is known for launching multiple industry-first products.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends