When was Mswipe founded?

Mswipe was founded in 2011 and raised its 1st funding round within a year of its incorporation.

Where is Mswipe located?

Mswipe is headquartered in Mumbai, India. It is registered at A-2602, 26th Floor, Marathon Futurex, Mafatlal Mills Compound,N.M.Joshi Marg,L, ower Parel, Mumbai City, Mumbai, Maharashtra, India, 400013.

Which legal entities is Mswipe associated with?

Mswipe is associated with MSWIPE TECHNOLOGIES PRIVATE LIMITED and 1 other.

How many employees does Mswipe have?

As of Jun 30, 2025, the latest employee count at Mswipe is 1066.

Is Mswipe a funded company?

Mswipe is a funded company, having raised a total of $126M across 10 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Dec 26, 2011.

How much is Mswipe worth?

The latest valuation of Mswipe is ₹***** as of Mar 18, 2024.

When was the latest funding round of Mswipe?

Mswipe's latest funding was a $***** Series E round on Jun 27, 2023, with participation from 8 investors.

What is the annual revenue of Mswipe?

Annual revenue of Mswipe is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Mswipe rank among its competitors?

Mswipe ranks 3rd amongst 60 active competitors, of which 10 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Mswipe, which secured $20M in Jun, 2023.

Who are the top competitors of Mswipe?

Mswipe's top competitors include Pine Labs, Ezetap and Oxigen. Among them, Mswipe secured the most recent funding round in June, 2023.

Mswipe - 2026 Company Profile, Team, Funding, Competitors & Financials

Mswipe is a series E company based in Mumbai (India), founded in 2011 by Manish Patel. It operates as a Provider of payment technology solutions for retail and online businesses. Mswipe has raised $126M in funding from investors like Z47, B Capital and Epiq Capital, with a current valuation of ₹*****. The company has 60 active competitors, including 10 funded and 6 that have exited. Its top competitors include companies like Pine Labs, Ezetap and Oxigen.

Company Details

Provider of payment technology solutions for retail and online businesses. The company offers smart point-of-sale devices, sound boxes, and payment gateways. These solutions facilitate in-store transactions via cards, UPI, and payment links. Additionally, the company provides merchant applications and portals for managing transactions, settlements, and invoices. The business also offers APIs and SDKs for integration with business software.

Website: www.mswipe.com/
Social
Email ID: *****@mswipe.com
Phone Number: +91 **********
Registered Address: A-2602, 26th Floor, Marathon Futurex, Mafatlal Mills Compound,N.M.Joshi Marg,L, ower Parel, Mumbai City, Mumbai, Maharashtra, India, 400013

Key Metrics

Founded Year

2011

Location

Mumbai, India

Stage

Series E

Total Funding

$126M in 10 rounds

Latest Funding Round

Series E, Jun 27, 2023, $*****

Post Money Valuation

₹***** as on Mar 18, 2024

Investors

Z47 & 24 more

Ranked

3^rd among 60 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

1,066 as on Jun 30, 2025

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View Mswipe's full profile

Mswipe is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MSWIPE TECHNOLOGIES PRIVATE LIMITED CIN: U72300MH2011PTC215103 , India, Active	Mar 22, 2011	₹100 - ₹500 Cr (As on Mar 31, 2025)	128 (As on Jun 30, 2025)
Mswipe Capital Private Limited CIN: U82910MH2019PTC326025 , India, Active	May 29, 2019	0 - ₹10 Cr (As on Mar 31, 2025)	938 (As on Jun 30, 2025)

Mswipe has raised a total funding of $126M over 10 rounds. Its first funding round was on Dec 26, 2011. Its latest funding round was a Series E round on Jun 27, 2023 for $*****. 8 investors participated in its latest round. Mswipe has 18 institutional investors and 7 angel investors.

Here is the list of recent funding rounds of Mswipe:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 27, 2023	8699960	Series E	9593854	8588916	1859277	6745128
Mar 08, 2019	1601970	Series E	7968769	5401665	9877579	DSG Consumer Partners & 2 more
Aug 07, 2018	1830765	Series D	2004538	8099672	Epiq Capital	8966754

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View details of Mswipe's funding rounds and investors

The founders of Mswipe is Manish Patel.

Here are the details of Mswipe's key team members:

Manish Patel: Co-Founder & Managing Director of Mswipe and founder of 1 other company. They are also an angel investor in 8 startups and serve on the boards of 3 companies.
Contact Info: 1 phone number

Mswipe's Board of Directors

Mswipe's board has 3 active members. Manish Patel is part of team and Deepak Ishwardas Shahdadpuri and Ketan Jagdishbhai Patel are independent board members.

Here is the list of Mswipe's board of directors:

Name	Type	Representing	Status	Duration
vhgupd{	Team	-	Past	5y 3m
expxvdc	Team	-	Past	6y 2m
jyohavq	Investor	mzpgogw	Past	7y 2m
yzugigm	Independent board member	-	Past	2y 6m
ufxryou	Independent board member	-	Past	5y 7m
elavzv{	Independent board member	-	Past	7y 6m

View details of Mswipe's Founder profiles and Board Members

Mswipe's employee count trend

Mswipe has 1,066 employees as of Jun 25. The total employee count is 7.0% lower than what it was in Jun 24. Here is Mswipe's employee count trend over the years:

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Top competitors of Mswipe include Pine Labs, Ezetap and Oxigen. Here is the list of Top 10 competitors of Mswipe, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Peak XV Partners, Actis & 185 others	76/100
2nd	Ezetap 2011, Bengaluru (India), Acquired	Cloud-based mPOS software and hardware solutions for businesses	$66.4M	Social Capital, Helion Venture Partners & 43 others	72/100
3rd	Mswipe 2011, Mumbai (India), Series E	Provider of payment technology solutions for retail and online businesses	$126M	B Capital, Axis Bank & 23 others	67/100
4th	Oxigen 2004, Gurugram (India), Series B	Platform offering POS software for business	$50.2M	Citi, M12 & 15 others	56/100
5th	Evolute 1970, Mumbai (India), Early Stage	Embedded systems and fintech solutions provider	$241K	Vertex Holdings, Evolute Ventures & 2 others	54/100
6th	FiatPe 2022, Nagpur (India), Unfunded	Provider of fintech companion providing top-notch payment gateway services	-	-	51/100
7th	Visiontek 1993, Hyderabad (India), Unfunded	Provider of POS and mPOS terminals for businesses	-	-	44/100
8th	EzSwype 2013, Gurugram (India), Unfunded	Mobile based POS solution	-	-	42/100
9th	2can 2012, Moscow (Russia), Series B	Mobile based card reader for Russian market	$9.6M	Inventure Partners, Almaz Capital & 3 others	40/100
10th	PAX Technology Limited 2000, Hong Kong (China), Public	Payment terminals and software	-	HAO Capital, Ojp	40/100

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Founders own 12.15%, Funds (largest shareholder) own 74.71%, Enterprises own 2.39% and Angels own 0.00%. The net worth of Mswipe's founders is INR 134Cr as of Mar 18, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	12.15%	134Cr	6898129	3079340	6395470	4881623
Manish Patel	9526896	5145123	2055516	2155416	8397510	7887684
Fund	74.71%	823Cr	8961912	4889986	3690411	6294621
Alpha Wave Global	7193074	9470531	4873078	3792490	9617758	4251141
Epiq Capital	541269	209649	308864	722719	248468	798190
DSG Consumer Partners	658	797	165	141	726	490
Enterprise	2.39%	26.2Cr	92	24	57	80
Angel	-	0	0	0	0	0
Other People	1.48%	16.4Cr	4	7	6	2
ESOP Pool	9.27%	102Cr	4372684	4674464	2389108	7563949
Total	100.00%	1,100Cr	4765224	7782696	7432129	1667489