About Mswipe
Mswipe is a Financial Services company based in Mumbai (India) founded in 2011 by Ketan Patel and Manish Patel. Point-of-sale machines, soundboxes, and merchant payment solutions are offered. Mswipe has raised $125.95 million across 10 funding rounds from investors including Ola Cabs, Axis Bank and Epiq Capital Advisors. The company has 1,088 employees. Mswipe was last valued at $132.86 million in June 2023. Its chief executive, as recorded, is Ketan Patel. Its website mswipe.com draws about 71 thousand monthly visits. Its focus areas include FinTech, Payments, Business Payments and POS Payments. Its competitors include Ezetap, Payswiff and Innoviti; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2011 and based in Mumbai, India, Mswipe operates in the fintech sector, focusing on payment infrastructure for merchants. POS terminals, UPI-QR codes, payment links, and soundboxes are provided, along with tools for store management, analytics, and online store setup. Financial services such as merchant loans and buy-now-pay-later options are also available, supporting retail digitalization and business expansion.
- Headquarters Mumbai, India
- Employees 1,088
- Founders Ketan Patel, Manish Patel
- Stage Minicorn
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Phone•••• ••••
- Website mswipe.com
- Social LinkedIn X Facebook
- Annual Revenue$34.1 M (USD)1as on Mar 31, 2024
- Net Profit-$5.59 M (USD)6as on Mar 31, 2024
- EBITDA-$712.63 K (USD)33as on Mar 31, 2024
- Total Equity Funding$125.95M (USD)
in 10 rounds
- Latest Funding Round$20M (USD), Series E
Jun 2023
- InvestorsOla Cabs
& 20 more
- Employee Count1,088
Associated legal entities of Mswipe
Mswipe is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mswipe Capital Private Limited CIN U82910MH2019PTC326025 | Active | 29 May 2019 | Mumbai, Maharashtra | ₹4.6 Cr | 938 | 2 | View details |
| Mswipe Technologies Private Limited CIN U72300MH2011PTC215103 | Active | 22 Mar 2011 | Mumbai, Maharashtra | ₹342 Cr | 957 | 6 | View details |
Funding Insights of Mswipe
Mswipe has successfully raised a total of $125.95M across 10 strategic funding rounds. The most recent funding activity was a Series E round of $20 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $125.95M
- Total Rounds 10
- Last Round Series E — $20M
- First Round $137,297
(Dec 2011)
- Investors Count 21
All 10 funding rounds of Mswipe with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $20M | Series E | $132.86M | Alpha Wave Global, B Capital | |
| Mar 2019 | $31.25M | Series E | $421.38M | Epiq Capital Advisors, B Capital Group | |
| Aug 2018 | Series D | – | Epiq Capital Advisors | – | |
| Sep 2017 | $11.32M | Series D | $••••• | B Capital | |
| Jun 2017 | $31.88M | Series D | $••••• | Alpha Wave Global, Z47 | |
| May 2015 | $25M | Series C | $••••• | Ola, JSCapital | |
| Dec 2013 | $4.84M | Series B | $••••• | Z47 | |
| Dec 2012 | $1.29M | Series A | $••••• | Axis Bank, Z47 | |
| Mar 2012 | $230,413 | Seed | $••••• | DSG Consumer Partners | |
| Dec 2011 | $137,297 | Angel Round | $••••• | Sumeet Gupta | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2023 | $132.86M | •••••••• |
| Mar 2019 | $421.38M | •••••••• |
| Sep 2017 | $••••• | •••••••• |
| Jun 2017 | $••••• | •••••••• |
| May 2015 | $••••• | •••••••• |
| Dec 2013 | $••••• | •••••••• |
| Dec 2012 | $••••• | •••••••• |
| Mar 2012 | $••••• | •••••••• |
Full valuation and stage history of Mswipe
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $132.86M (Jun 2023). 21 investors in total: 15 institutional and 6 angel.
Investors in Mswipe
Mswipe has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Ola Cabs, Axis Bank and Epiq Capital Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on growth-stage companies | alphawaveglobal.com | New York, United States | ||
Multistage investments are directed toward technology, healthcare, and climate sectors. | b.capital | Manhattan Beach, United States | ||
Investing in and supporting insurgent consumer brands in India and Southeast Asia. | dsgcp.com | |||
Investments are made in tech startups and entrepreneurs focusing on growth and late-stage funds in India. | 2016 | epiqcapital.com | Mumbai, India | |
Venture capital fund focused on the fintech sector | ||||
Venture capital investment firm | z47.com | Bengaluru, India | ||
Consumer and enterprise software is invested in by Haystack Partners. | haystackpartners.com | New York, United States | ||
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | olacabs.com | Bengaluru, India | |
Venture capital firm focused on tech companies | bcapgroup.com | Manhattan Beach, United States |
Investor details for Mswipe
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Mswipe
The boards of the 2 registered companies of Mswipe currently have 5 directors; the longest-serving is Deepak Ishwardas Shahdadpuri, appointed in 2012. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepak Ishwardas Shahdadpuri DIN 00444270 | Director | 01 Dec 2012 | 13 yrs 11 mo | Mswipe Technologies Private Limited |
| Vikram Vaidyanathan DIN 06764019 | Nominee Director | 07 Sep 2015 | 11 yrs 2 mo | Mswipe Technologies Private Limited |
| Navroz Darius Udwadia DIN 08355220 | Nominee Director | 08 Mar 2019 | 7 yrs 8 mo | Mswipe Technologies Private Limited |
| Manish Manubhai Patel DIN 00995661 | Director | 29 May 2019 | 7 yrs 5 mo | Mswipe Capital Private Limited, Mswipe Technologies Private Limited |
| Ketan Jagdishbhai Patel DIN 08183259 | Director | 20 Apr 2023 | 3 yrs 6 mo | Mswipe Capital Private Limited, Mswipe Technologies Private Limited |
People of Mswipe
17 people are tracked at Mswipe (12 in leadership, 5 in team); the tracked headcount is 1,088.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & Managing Director | Leadership | |
Rohit Agrawal | Chief Financial Officer | Leadership |
Sagar Thokale | Head Procurement | Leadership |
Yogesh Verma | Head Singapore | Leadership |
Nayantara Bhargava | Chief Business Officer | Leadership |
Sachin Shettigar | Chief Risk Officer | Leadership |
Nikhil Salunke | Deputy General Manager Strategic Partnership And Alliances | Leadership |
Pankaj Bhanushali | Chief Software Architect | Leadership |
Farhat Shaikh | Head Customer Service | Leadership |
Prakhar Gupta | Vice President - Fp&a And Investor Relations | Leadership |
Mandar Surve | Head Operations | Leadership |
Sarang Kurhekar | HOD Database | Team |
Nilakantha Das | Business Team Lead | Team |
Ashfaque Shaikh | Area Service Manager | Team |
Mahesh Khune | SQL Developer ( Working As Data Engineer) | Team |
Vishal Shingan | ZSM ( Zonal Service Manager) Mswipe Technologies Pvt. Ltd. | Team |
Complete people profiles for Mswipe
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Mswipe
Figures of Mswipe Capital Private Limited, the primary company behind Mswipe, for FY 2025. Revenue was ₹4.65 Cr (+128% year on year). Net loss was -₹3.49 Cr (-75% margin). EBITDA was -₹2.92 Cr (-63% margin). Revenue has grown at a compounded annual rate of +228% over three years and +109% over five years.
- ₹4.65 CrRevenue · FY 2025 · +128% YoY
- -₹3.49 CrNet loss · -75% margin
- -₹2.92 CrEBITDA · -63% margin
- ₹2.50 CrPaid-up capital
- 938Employees (provident fund records)
- +228%Revenue CAGR, 3 years
- +109%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mswipe Capital Private Limited are on its company page.
Detailed financial statements for Mswipe
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Mswipe
4 dated milestones of Mswipe across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Mswipe is founded.
- Funding First funding round of $137K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series E, of $20.0M.
Competitors of Mswipe
Mswipe has 3 listed competitors in our database, 3 of them funded. They include Ezetap, Payswiff and Innoviti.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ezetap.com | 2011 | Bengaluru, India | $66.4M | 532 | Cloud-based mPOS software and hardware solutions are provided for businesses. | |
| payswiff.com | 2013 | Hyderabad, India | $12.8M | 457 | Provider of POS and MPOS solutions for businesses to accept card payments | |
| innoviti.com | 2002 | Bengaluru, India | $141.01M | 198 | Integrated online and offline payment solutions are provided for businesses. |
Detailed competitors of Mswipe
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Mswipe
The website of Mswipe (mswipe.com) receives about 71.5K visits a month and ranks #500,869 among all websites worldwide, #6,726 in Banking Credit and Lending.
- Monthly visits71.5K
▲ 34.1% vs previous month
- Unique visitors14.3K
per month
- Global rank#500,869
among all websites
- Category rank#6,726
Finance · Banking Credit and Lending
- Bounce rate31%
- Pages per visit4.4
- Average visit2 min 54 sec
- DevicesDesktop 42% · Mobile 58%
Websites whose visitors overlap most with Mswipe. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
bharatbank.com | bharatbank.com | 100% | #7,803,681 | – | |
| karnatakabank.com | 96% | 14.7K | #1,670,717 | View details | |
| hdfcbank.com | 95% | 54.1M | #641 | View details | |
| tmb.in | 89% | 24.4K | #955,258 | View details | |
| bharatpe.com | 89% | 169.6K | #316,757 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for Mswipe
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 22 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Mswipe (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Mswipe
Complete news archive for Mswipe
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Articles about Mswipe on our blog
Frequently Asked Questions about Mswipe
Mswipe was founded in 2011.
Mswipe is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ketan Patel is the CEO of Mswipe, as recorded in our data. They have also founded this company.
Mswipe is a funded company, having raised a total of $125.95M across 10 funding rounds to date. The company's 1st funding round was a Angel Round of $137.3K, raised on Dec 2011.
Mswipe has 1,088 employees.
Annual revenue of Mswipe is $34.1M as on Mar 31, 2024.
Founded in 2011 and based in Mumbai, India, Mswipe operates in the fintech sector, focusing on payment infrastructure for merchants. POS terminals, UPI-QR codes, payment links, and soundboxes are provided, along with tools for store management, analytics, and online store setup. Financial services such as merchant loans and buy-now-pay-later options are also available, supporting retail digitalization and business expansion.
Mswipe has 21 investors. Key investors include Ola Cabs, Axis Bank, Epiq Capital Advisors, Alpha Wave Global, and B Capital.
The valuation of Mswipe is $132.86M as of Jun 2023.
Mswipe is associated with 2 legal entities: Mswipe Capital Private Limited, Mswipe Technologies Private Limited.
The legal entities of Mswipe currently have 6 directors, including Ketan Jagdishbhai Patel, Manish Manubhai Patel, Navroz Darius Udwadia and others.