Mswipe Technologies, a payments service, secured $20 million in growth equity funding from its current investors, with Alpha Wave Global leading the fund.
The company plans to bolster its IT infrastructure and expand its merchant financing network with the money raised from the ongoing fundraising campaign.
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Mswipe supports its merchants and outlets by collaborating with the biggest bank networks, insurance providers, and nationally recognised consumer brands under the Banking and Enterprise Solutions division.
It also offers financing, retail, and warehouse management systems, and other services to brick-and-mortar retailers.
They offer immediate digital loans to retailers under the Mcapital brand to further facilitate expansion. Mcapital is Mswipe Technologies’ lending division and a wholly owned company. Mswipe wants to give retailers comprehensive, easy-to-use, tech-driven banking solutions.
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About Mswipe
Mswipe is a leading digital payment and financial solutions company supporting the growing merchant community across India.
