Eduardo Saverin's B Capital Group closes US$360M fund

B Capital Group aims to continue investing in healthcare, financial services and insurances, as well as industrial and consumer-enabled businesses 

Today's top tech news - December 7

Eduardo Saverin-owned B Capital's entry into India with an investment in fintech firm Mswipe is the highlight of the day 

Fintech company Mswipe raises US$31M to offer mobile PoS solutions to Indian SMEs

Mswipe currently has a payment network of 246,000 terminals spread across 550-plus cities; Around 80 per cent of its customer base comprises SME merchants 

Is India shifting toward a cashless economy after cash demonetisation?

Signs of the times: Uber, Flipkart and Ola are now restricting cash-based transactions in favor of electronic money and fintech apps 

Indian fintech firm Ezetap nabs US$23.5M from Helion, Horizons Ventures

The mPoS firm raised funding from Social + Capital, Helion, Capricorn, Berggruen, and Li Ka-Shing's Horizons Ventures 

An e-wallet defeats its very purpose; won’t work in India: Mswipe Founder

Mobile wallet companies will face serious challenges once Android Pay, Apple Pay and Samsung Pay become mainstream, says Manish Patel