Payments firm Mswipe Technologies has raised $20 million in primary growth equity capital from its existing investors. Separately, enterprise sustainability platform StepChange has raised $1 million from Flourish Ventures.
Mswipe snags $20m
Payments firm Mswipe Technologies has raised $20 million in primary growth equity capital from its existing investors.
The firm did not specify the investors who joined the round. Its existing investors include Alpha Wave Global, B Capital, DSG Consumer Partners, Matrix Partners, and Epiq Capital.
According to Crunchbase, the firm has so far raised $117.5 million.
The funding comes shortly after India’s apex bank the Reserve Bank of India (RBI) granted a payments aggregator licence to the company.
The company plans to use the funds to expand its merchant payment network and strengthen product development and technological infrastructure.
StepChange raises $1m from Flourish Ventures
StepChange, an enterprise sustainability platform, has raised $1 million from global venture capital firm Flourish Ventures.
Founded in 2022 by Ankit Jain and Pai, StepChange offers a suite of integrated solutions to large enterprises and financial institutions that enable them to track, improve, and report on a wide variety of ESG performance indicators, with a particularly deep focus on carbon accounting and climate risk management solutions.
“The timing to invest is apt for us as India’s central bank has introduced comprehensive guidelines for financial institutions in the country to incorporate climate risk into their decision-making processes,” Harsh Gupta, Principal, India, at Flourish Ventures, said.
