The University of California-backed UC-RNT Fund has led a round that enabled strategic investor Axis Bank to exit.
India-based mobile payment platform developer Mswipe Technologies has raised $31m in a round led by the UC-RNT Fund,a joint venture between University of California and entrepreneur Ratan Tata, according to the Economic Times.
Investors also included ride hailing platform Ola, Falcon Edge Capital, Meru Capital, DSG Consumer Partners and Matrix Partners.
Founded in 2011, Mswipe has created a mobile card reader that attaches to a smartphone, enabling vendors to accept payment from customers. It is also developing additional devices that…
