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 co-founder Eduardo Saverin-promoted B Capital Asia, technology investment firm Epiq Capital and DSG Consumer Partners – according to filings with the Registrar of Companies.
B Capital Asia and Epiq Capital pumped in around Rs 70 crore while Falcon Edge put in nearly 57 crore and DSG Consumer Partners invested Rs 21 crore. 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.
