Mswipe's mobile swiper is a solution which enables feature phones to be used as a mobile POS today.
PRODUCTS & SERVICES:
Mobile POS - W-series, M-series, C-series, Wisepad and m-swipe.
It gives the merchants freedom from new account opening, batch closure, charge slips and helps in easier integration with the billing system.
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Joe Coffee, Gin Lane, Bec Brittain, Benze group, Apollo Munich, Asian Paints, Bajaj Allianz, CarzOnRent, Chola, Costa Coffee, Dealskart, HDFC Life, ICICI Securities, Indus Health, Jabong, MakeMyDrink, Max Bupa, McDonald's, Myntra, Quikr, Reliance, Percept, SPI Cinemas, Veena world, Venky's, WS, Spectranet, WS, Citycom, Yatharth Wellness, Axis Bank, Ratnakar Bank, Corporation Bank.
It has a global presence, particularly in the Middle East, Southeast Asia and US through partnerships.
Provides POS terminals which can read stripes and pins and it has a pan-India direct sales agent network that provides sales support to its clients.
Epiq Capital, Matrix Partners India, Axis Bank, DSG Consumer Partners,Meru Capital,Olacabs, Falcon Edge Capital, Matrix Partners, UC-RNT fund, DSG Consumer, B Capital Group, Ola, JSCapital, Haystack Partners, Everstone Capital
Manish Patel (CEO); Yogesh Mistry(CTO)
ACTIVE USERS COMMENT:
The company claims to have a 2,000 people strong pan-India sales and support network (Dec 2017).
Mswipe claims to have a payment network reach of 2,46,000 terminals spread across more than 550 cities, with close to 80 percent of the customer base consisting of SME merchants typically supported by 1–30 employees. The turnover of these outlets is in the range of Rs 1 to 5 lakh a month. The annualized value of total transactions enabled by Mswipe across its network stands at Rs 9,560 crore. (June 2017)
DATE OF LAST FUNDING:
TOTAL FUNDING COMMENT:
The company plans to use the latest funds for expanding its product offerings to address the large SME financial services opportunity. (Aug. 2018)
$25 Millions Closed: Jan 2015
$41 Millions Closed: Aug 2018
SERIES D :
An undisclosed amount of funds were raised by Epiq Capital.