#payments system

UC-RNT Fund invests in Mswipe Technologies' $31 million funding round #MswipeTechnologies #MswipeTechnologiesfunding

UC-RNT Fund, a joint investment vehicle from Tata Sons Chairman Emeritus Ratan Tata and the University of California, has led a $31 million funding round in Mumbai-based point-of-sale venture Mswipe Technologies.

With this investment round, the fund gives complete exit to Axis Bank, which was an early investor in Mswipe. Axis Bank held about 8 percent stake in the six-year-old company and sold it…

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