In a long chat with Rohan Angrish, CTO, Capital Float, here is an understanding of how their online platform reduces the hassles associated with processing working capital requirements for SMEs in India. Edited excerpts: Q: Please tell us about your organization and how it plans to address financ…
Tag: MSwipe
India’s fintech sector rises to 72 start-ups in last 3 years
Fintech start-ups in the country has seen a large growth in recent times in India. At a time when the government has been aggressively pushing for digital payments and bringing into a formal ID system, increased funding and tax reliefs have pushed such start-ups. There are currently 72 start-ups …
Mswipe in talks to raise up to $40 mn
Mumbai: Mobile payments services provider Mswipe Technologies Pvt. Ltd has initiated talks to raise as much as $40 million (around Rs250 crore) in a new round of funding, two people aware of the development said. The firm which provides merchants with mobile point of sale (PoS) terminals to enabl…
Demonetisation Effect | Fintech start-up Capital Float opens its coffers for small merchants
Amidst cash chaos and consequent surge in digital payment due to government’s demonetisation drive, a Bangalore based digital lending firm for small and medium enterprises (SMEs), Capital Float has decided to offer quick and easy loans to small merchants. The fintech startups has partnered with P…
Start-up success: Does the city matter?
Mumbai-based companies had the highest success rate in terms of raising a follow-on round or providing an exit to its existing investor. Mumbai start-ups also showed a healthy mix of sectors being funded—be it B2C, B2B, enterprise software, financial technology, etc. Mumbai companies which raised…
MSwipe bets on SMEs for expansion
Mumbai-based mobile PoS player MSwipe, which competes with EzeTap and iKaaz among others, is betting on the varied lot of SMEs for expansion. Currently, the PoS player claims to work with banks like Axis Bank, Ratnakar Bank, Corporation Bank and others and caters to more than 75,000 merchants inc…
Hyperlocal firm Zopper acquires software company EasyPoS
Hyperlocal discover and buying platform for electronics Zopper has acquired point of sale (PoS) software company EasyPoS in a mixed cash and equity deal, valuing the company at Rs 33 crore ($5 million). The move is directed at raising additional revenues through the PoS solution and increasing st…