What is Mswipe?
Founded in 2011, Mswipe specializes in providing comprehensive Point of Sale (POS) solutions that facilitate all forms of payment acceptance. Their offerings cater to a wide spectrum of businesses, enabling seamless transactions through cards, digital wallets, mobile payment applications, bank apps, contactless payments, and QR codes. This broad approach to payment infrastructure positions Mswipe as a key player in digitizing commerce across India, supporting businesses in adapting to evolving consumer payment preferences.
How much funding has Mswipe raised?
Mswipe has raised a total of $76M across 3 funding rounds:
Series C
$25M
Series D
$31M
Private Equity
$20M
Series C (2015): $25M with participation from Ola, Axis Bank, Matrix Partners India, and Falcon Edge Capital
Series D (2017): $31M led by DSG Consumer Partners, University of California, Matrix Partners, and Ola
Private Equity (2024): $20M supported by Alpha Wave Global
Key Investors in Mswipe
DSG Consumer Partners
DSG Consumer Partners is a venture capital firm focused on building consumer brands in India and Southeast Asia, known for its support of over 100 founders and 80 brands since 2012.
Matrix Partners
Matrix Partners is an award-winning firm specializing in pet product strategy, advertising, and public relations, with a history of successful marketing campaigns for consumer and pet product brands since 1987.
Ola
Ola is a leading app-based ride-hailing company in India, operating in over 30 cities and with international presence in Australia, New Zealand, and the UK.
What's next for Mswipe?
The substantial enterprise-level backing and recent strategic investment signal a phase of accelerated growth and potential market consolidation for Mswipe. This capital infusion is likely to be directed towards enhancing its technological infrastructure, expanding its service offerings, and potentially entering new geographic markets. As a company deeply embedded in India's digital payment ecosystem, Mswipe is poised to leverage this financing to further solidify its market leadership and innovate in the rapidly evolving fintech sector.
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