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India’s Mswipe raises $30M to grow its smart point-of-sale terminal business

Judhajeet Das

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Mswipe, an Indian fintech company that develops point-of-sale terminals for merchants, has pulled $30 million in new funding as it bids to triple its reach to 1.5 million merchants over the next year.

The company’s previous funding as a Series D in 2017 that ended up at just over $40 million, thanks to a $10 million extension from B Capital — the investment firm set up by Facebook co-founder Eduardo Saverin that’s backed by BCG. This time around, B Capital has provided the funding alongside other returning investors that include Falcon Edge, Epiq Capital and DSG Growth Partners. The deal takes the startup to $95 million raised to date.

We wrote extensively about the company’s strategy back at the time of that 2017 round, and essentially the thesis is that POS devices remain essential despite the proliferation of new fintech like mobile wallets. With that in mind, Mswipe makes its terminals cheaper than the competition while it can also work on more limited internet connections, even 2G, to help merchants and retailers in more remote areas or those on a modest budget.

More critically, Mswipe CEO and founder Manish Patel believes the country is “ripe for disruption” because it has so few terminals. With less than three million terminals in operation across the whole of India, even Turkey, with a significantly smaller population of 80 million, has more.

Right now, Mswipe claims to have reached over 400,000 merchants — up from 290,000 at the end of 2017 — and Patel said today that the aim is to grow that figure to 1.5 million over the next year.

To reach that ambitious target, Mswipe is once again trying to put more than just a terminal inside a terminal.

Beyond offering hardware that simply works and ties into newer types of payment, Mswipe has a vision of additional services for merchants. It is developing a new ‘smart’ POS — Wise POS Plus — that is developed on Android which allows applications like billing, inventory management and logistics to be pulled in, too. Indeed, the second piece to that is its own dedicated app store — MoneyStore — which is in development now and is aimed at housing a suite of productivity apps and related services for smaller retailers.

Mswipe is betting on a new Android-based smart terminal that will give its merchants access to productivity and management apps, too

“WisePOS Plus… powered by a suite of productivity apps, can enable a merchant to save thousands of rupees and hundreds of hours that go into running computer-based billing and inventory solutions with integrated payments. At the same time, we are also creating a huge opportunity for app developers with MoneyStore,” Patel said in a prepated statement.

The second major prong that he believes can bring this growth is the adoption of UPI, the government-backed real-time payments system in India. Mswipe said it is “all set to enable” the system which will allow QR payments at terminals. Mswipe is also working with lending startup Cashe on a co-branded card for consumers following a deal announced in December.

Tech Passionate and Heavy Geek! Into Blogging world since 2014 and never looked back since then :) I am also a YouTube Video Producer and a Aspiring Entrepreneur. Founder, MyDroidDoes

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Android

The consumer version of BBM is shutting down on May 31

Judhajeet Das

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It might be time to move on from BBM. The consumer version of the BlackBerry Messenger will shut down on May 31. Emtek, the Indonesia-based company that partnered with BlackBerry in 2016, just announced the closure. It’s important to note, BBM will still exist and BlackBerry today revealed a plan to open its enterprise-version of BBM to general consumers.

Starting today, BBM Enterprise will be available through the Google Play Store and eventually from the Apple App Store. The service will be free for the one year and after that, $2.49 for six months of service. This version of the software, like the consumer version, still features group chats, voice and video calls, and the ability to edit and retract messages.

As explained by BlackBerry, BBMe features end-to-end encryption.

BBMe can be downloaded on any device that uses Android, iOS, Windows or MAC operating systems. The sender and recipient each have unique public/private encryption and signing keys. These keys are generated on the device by a FIPS 140-2 certified cryptographic library and are not controlled by BlackBerry. Each message uses a new symmetric key for message encryption. Additionally, TLS encryption between the device and BlackBerry’s infrastructure protects BBMe messages from eavesdropping or manipulation.

BBM is one of the oldest smartphone messaging services. Research in Motion, BlackBerry’s original name, released the messenger in 2005. It quickly became a selling point for BlackBerry devices. BBM wasn’t perfect and occasionally crashed, but it was a robust, feature-filled messaging app when most of the world was still using SMS. Eventually with the downfall of RIM and eventually BlackBerry, BBM fell behind iMessage, WhatsApp, and other independent messaging platforms. Emtek’s partnership with BlackBerry was supposed to bring the service into the current age, but some say the consumer version ended up bloated with games, channels and ads. BlackBerry’s BBMe lacks a lot of those extra features so consumers might find it a better platform for communicating.

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Alibaba will let you find restaurants and order food with voice in a car

Judhajeet Das

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Competition in the Chinese internet has for years been about who controls your mobile apps. These days, giants are increasingly turning to offline scenarios, including what’s going on behind the dashboard in your car.

On Tuesday, Alibaba announced at the annual Shanghai Auto Show that it’s developing apps for connected cars that will let drivers find restaurants, queue up and make reservations at restaurants, order food and eventually complete a plethora of other tasks using voice, motion or touch control. Third-party developers are invited to make their in-car apps, which will run on Alibaba’s operating system AliOS.

Rather than working as standalone apps, these in-car services come in the form of “mini apps,” which are smaller than regular ones in exchange for faster access and smaller file sizes, in Alibaba’s all-in-one digital wallet Alipay . Alibaba has other so-called “super apps” in its ecosystem, such as marketplace Taobao and navigation service AutoNavi, but the payments solution clearly makes more economic sense if Alibaba wants people to spend more while sitting in a four-wheeler.

There’s no timeline for when Alibaba will officially roll out in-car mini apps, but it’s already planning for a launch, a company spokesperson told TechCrunch.

Making lite apps has been a popular strategy for China’s internet giants operating super apps that host outside apps, or “mini-apps”; that way users rarely need to leave their ecosystems. These lite apps are known to be easier and cheaper to build than a native app, although developers have to make concessions, like giving their hosts a certain level of access to user data and obeying rules as they would with Apple’s App Store. For in-car services, Alibaba says there will be “specific review criteria for safety and control” tailored to the auto industry.

alios cars alibaba

Photo source: Alibaba

Alibaba’s move is indicative of a heightened competition to control the operating system in next-gen connected cars. For those who wonder whether the e-commerce behemoth will make its own cars given it has aggressively infiltrated the physical space, like opening its own supermarket chain Hema, the company’s solution to vehicles appears to be on the software front, at least for now.

In 2017, Alibaba rebranded its operating system with a deep focus to put AliOS into car partners. To achieve this goal, Alibaba also set up a joint venture called Banma Network with state-owned automaker SAIC Motor and Dongfeng Peugeot Citroen, which is the French car company’s China venture, that would hawk and integrate AliOS-powered solutions with car clients. As of last August, 700,000 AliOS-powered SAIC vehicles had been sold.

Alibaba competitors Tencent and Baidu have also driven into the auto field, although through slightly different routes. Baidu began by betting on autonomous driving and built an Android-like developer platform for car manufacturers. While the futuristic plan is far from bearing significant commercial fruit, it has gained a strong foothold in self-driving with the most mileage driven in Beijing, a pivotal hub to test autonomous cars. Tencent’s car initiatives seem more nebulous. Like Baidu, it’s testing self-driving and like Alibaba, it’s partnered with industry veterans to make cars, but it’s unclear where the advantage lies for the social media and gaming giant in the auto space.

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Waymo launches robotaxi app on Google Play

Judhajeet Das

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Waymo is making its ride-hailing app more widely available by putting it on the Google Play store as the self-driving car company prepares to open its service to more Phoenix residents.

The company, which spun out to become a business under Alphabet, launched a limited commercial robotaxi service called Waymo One in the Phoenix area in December. The Waymo One self-driving car service, and accompanying app, was only available to Phoenix residents who were part of its early rider program, which aimed to bring vetted regular folks into its self-driving minivans.

Technically, Waymo has had Android and iOS apps for some time. But interested riders would only gain access to the app after first applying on the company’s website. Once accepted to the early rider program, they would be sent a link to the app to download to their device.

The early rider program, which launched in April 2017, had more than 400 participants the last time Waymo shared figures. Waymo hasn’t shared information on how many people have moved over to the public service, except to say “hundreds of riders” are using it.

Now, with Waymo One launching on Google Play, the company is cracking the door a bit wider. However, there will be still be limitations to the service.

Interested customers with Android devices can download the app. Unlike a traditional ride-hailing service, like Uber or Lyft, this doesn’t mean users will get instant access. Instead, potential riders will be added to a waitlist. Once accepted, they will be able to request rides in the app.

These new customers will first be invited into Waymo’s early rider program before they’re moved to the public service. This is an important distinction, because early rider program participants have to to sign non-disclosure agreements and can’t bring guests with them. These new riders will eventually be moved to Waymo’s public service, the company said. Riders on the public service can invite guests, take photos and videos and talk about their experience.

“These two offerings are deeply connected, as learnings from our early rider program help shape the experience we ultimately provide to our public riders,” Waymo said in a blog post Tuesday.

Waymo has been creeping toward a commercial service in Phoenix since it began testing self-driving Chrysler Pacifica minivans in suburbs like Chandler in 2016.

The following year, Waymo launched its early rider program. The company also started testing empty self-driving minivans on public streets that year.

Waymo began in May 2018 to allow some early riders to hail a self-driving minivan without a human test driver behind the wheel. More recently, the company launched a public transit program in Phoenix focused on delivering people to bus stops and train and light-rail stations.

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