TranServ, which offers pre-paid payment products and solutions to banks, corporates and other institutions, has raised an undisclosed sum in its latest round.
India-based payments service provider TranServ has raised an undisclosed amount in a series B equity round that included venture capital firm Nirvana Venture Advisors, the Economic Times reported yesterday.
Nirvana recently secured investment from media conglomerate Bertelsmann. Private equity firm Faering Capital led the round through its India Evolving Fund.
TranServ offers prepaid payment products technology and services tailored for the Indian market to institutions including banks and corporates through its Shmart!Pay brand. The firm claims to have more…
