# Mswipe Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mswipe-technologies-private

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.mswipe.com
- Total disclosed funding: $85M
- Latest round: Series E (Mar 8, 2019)
- Investors on record: 8

## About

Founded in 2011 and based in Maharashtra, India, Mswipe Technologies Private Limited provides full-stack payment solutions to businesses, particularly offline and online merchants. The company was founded by its chairman, Manish Patel, and CEO, Ketan Patel. In February 2024, Mswipe Technologies Private Limited raised USD 20 million in venture debt funding from Alpha Wave Global.

Mswipe also offers financial products such as digital payment solutions, POS machines, and EMV-enabled prepaid cards. The company's product offerings include point-of-sale (POS) terminals that enable businesses to accept cashless payments.

The company plans to use the funds raised in February 2024 for product development.

## Funding rounds

- Series E, Mar 8, 2019, $31M — B Capital
- Series D, Dec 5, 2017, $10M — DSG Consumer Partners
- Series D, Jul 21, 2017, $19M — Matrix Partners, Alpha Wave Global, DSG Consumer Partners, RNT Associates
- Series C, Jul 22, 2015, $25M — Matrix Partners, Axis Bank, Meru Kapital, Alpha Wave Global, Ola Cabs, DSG Consumer Partners

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series C, Series D
- Axis Bank — Series C
- Meru Kapital — Series C
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series C, Series D
- Ola Cabs — Series C
- DSG Consumer Partners (https://capitalatlas.ai/funds/dsg-consumer-partners) — Series C, Series D
- RNT Associates (https://capitalatlas.ai/funds/rnt-associates) — Series D
- B Capital (https://capitalatlas.ai/funds/b-capital) — Series E