Mswipe Technologies

Mswipe Technologies

Mswipe is a Mumbai-based merchant acquirer and mobile PoS solutions provider. It launched its first PoS solution in 2012 with a card reader, which could be attached to any mobile phone’s audio jack.

Founded: March 2011

About Mswipe Technologies

Mswipe is a Mumbai-based merchant acquirer and mobile PoS solutions provider. It launched its first PoS solution in 2012 with a card reader, which could be attached to any mobile phone’s audio (headset) jack. Building on their product innovation strength, it launched the first EMV Chip and Pin compliant mobile PoS solution, Wisepad, in December 2013. In June the year, Mswipe rolled out Wisepos, an Android phone which can be used for card payments.

They believe in serving the smallest of merchants. India currently has 12-15 million SMEs and mobile POS is the only channel which can efficiently link these SMEs to mainstream financial services & digital commerce. Today less than 500,000 SMEs have any type of POS. Mswipe aims to provide seamless mobile POS solutions to such merchants across India and create India’s largest financial services platform for SMEs.

Mswipe closely works with smaller banks such as Corporation Bank, Ratnakar Bank, SVC Bank and also large banks like Axis Bank.

Team

Funding

INVESTOR
STAGE
AMOUNT
DATE
Round: Series C
Round Size: US$25M
Date: Jul 2015
Round: Series A
Round Size: Undisclosed
Date: Feb 2014
Round: Seed
Round Size: Undisclosed
Date: Jan 2013