Mswipe Technologies has reportedly completed its Series D investment round on $31m, with RNT Associates and the University of California as lead investors.
Other contributions came from existing shareholders including, Matrix Partners India, Falcon Edge and DSG Consumer Partners, according to various media reports.
The India-based company is a wireless POS solutions provider, which links to bank accounts, and supports cards, smartphones, tablets and computers.
Mswipe’s payment terminal is used in over 550 cities, with most of the users being SME retailers, according to the article.
With the capital, Mswipe plans to build its network of retailers that accept digital payments in India.
The company raised $25m for its Series C two years ago; however, the sizes of rounds A and B were undisclosed.
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