Mswipe raises Rs.220 crore from existing investors

Date posted: Thursday 14 March 2019

Mumbai-based mobile point-of-sales (PoS) company Mswipe has raised around Rs.220 crore in a new round of funding from existing investors — US-based hedge fund Falcon Edge, Facebook cofounder Eduardo Saverin promoted B Capital Asia, technology investment firm Epiq Capital and DSG Consumer Partners. The company is in the business of deploying PoS terminals at merchant outlets and processing card transactions for all major card schemes, including Visa, Mastercard and RuPay.

(Economic Times)