India's Mswipe raises $30M to grow its smart point-of-sale terminal business
2 April 2019 2:06 AM GMT
Mswipe, an Indian fintech company that develops point-of-sale terminals for merchants, has pulled $30 million in new funding as it bids to triple its reach to 1.5 million merchants over the next year. The company?s previous funding as a Series D in 2017 that ended up at just over $40 million, thanks to a $10 [?]
- The company's previous funding as a Series D in 2017 that ended up at just over $40 million, thanks to a $10 million extension from B Capital - the investment firm set up by Facebook co-founder Eduardo Saverin that's backed by BCG.
- ' POS - Wise POS Plus - that is developed on Android which allows applications like billing, inventory management and logistics to be pulled in, too.
- Indeed, the second piece to that is its own dedicated app store - MoneyStore - which is in development now and is aimed at housing a suite of productivity apps and related services for smaller retailers.
- Mswipe is betting on a new Android-based smart terminal that will give its merchants access to productivity and management apps, too
Next Story
