Mswipe Technologies Pvt. Ltd, which makes point of sale (PoS) machines for merchants, raised $10 million in funding from B Capital Group and DSG Consumer Partners, closing its Series D round, the company said.“At Mswipe, we are at the forefront of the payments revolution by powering acceptance infrastructure at the merchants’ end, enabling them to accept card and digital payments in...
Mswipe Technologies Pvt. Ltd, which makes point of sale (PoS) machines for merchants, raised $10 million in funding from B Capital Group and DSG Consumer Partners, closing its Series D round, the company said.
“At Mswipe, we are at the forefront of the payments revolution by powering acceptance infrastructure at the merchants’ end, enabling them to accept card and digital payments in a hassle-free manner. B Capital’s expertise in the sector and its exceptional network in Asia will be an important ingredient as we shift orbit and execute our next phase of growth,” Manish Patel, chief executive of Mswipe.
Mswipe had earlier raised funds from Ratan Tata’s UC-RnT Fund and Matrix Partners, as part of the Series D round of investment.
Clove Legal advised Mswipe Technologies, led by Partner Amit Sirsikar and Associate Nupur Rustagi.
J Sagar Associates (JSA) acted for Eduardo Saverin’s B Capital Group led by Partner Manvinder Singh, Principal Associate Romit Dey, Senior Associate Sonali Kapoor and Associate Srinivas Anirudh.
The Trilegal team represented DSG Consumer Partners with a team of Partner Kunal Chandra along with associates Aditi Jain and Pranjit Bhattacharya.
Mswipe is a payment service provider engaged in the business of providing solutions for financial transaction processing, including mobile point of sales devices.