About Mswipe
Mswipe is a company based in Mumbai (India) founded in 2011 by Ketan Patel and Manish Patel. 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 as of April 30, 2025. Mswipe operates in a competitive market with competitors including Ezetap, Presto, Payswiff, Innoviti and Evolute, among others.
- Headquarter Mumbai, India
- Employees 1088 as on 30 Apr, 2025
- Founders Ketan Patel, Manish Patel
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
$34.1 M (USD)1as on Mar 31, 2024
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Net Profit
-$5.59 M (USD)6as on Mar 31, 2024
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EBITDA
-$712.63 K (USD)33as on Mar 31, 2024
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Total Equity Funding
$125.95 M (USD)
in 10 rounds
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Latest Funding Round
$20 M (USD), Series E
Jun 27, 2023
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Investors
Ola Cabs
& 20 more
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Employee Count
1088
as on Apr 30, 2025
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People of Mswipe
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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.
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.
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Venture capital firm focused on growth-stage companies
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Multistage investments are directed toward technology, healthcare, and climate sectors.
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Investing in and supporting insurgent consumer brands in India and Southeast Asia.
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Investor details for Mswipe
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Investments & Acquisitions by Mswipe
Investment portfolio details for Mswipe
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Financial Statements - Mswipe
Detailed financials for Mswipe
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Mswipe Comparisons
Peer comparison for Mswipe
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Competitors of Mswipe
Mswipe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ezetap, Presto, Payswiff, Innoviti and Evolute, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based mPOS software and hardware solutions are provided for businesses.
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Drive-through automation solutions for restaurants are provided using AI.
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Provider of POS and MPOS solutions for businesses to accept card payments
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Integrated online and offline payment solutions are provided for businesses.
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Embedded systems for fintech and payments are designed and manufactured.
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Detailed competitors of Mswipe
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Latest news on Mswipe
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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 current CEO of Mswipe. They have also founded this company.
Mswipe is a funded company, having raised a total of $125.95M across 10 funding rounds to date.
As of Apr 30, 2025, the latest employee count at Mswipe is 1,088.
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.