ESW has invested into McPayment during the second round of Pre-IPO. In recent years, the company has shown immense growth potential in the payment gateway industry. Having acquired licensing and partnership with major players in the market, McPayment has exhibited an obvious competitive edge in its field. This has thus led to ESW’s decision in topping up its investment in the third round of Pre-IPO.
McPayment was founded locally in 2005 and is a leading provider for electronic payment transactions in many countries, especially in Asia. It is an omni-channel provider in mobile, online, in-store and digital payments for both B2B and B2C transactions. McPayment has managed to successfully raise $5million in the second pre-IPO round. ESW strongly believes in McPayment’s ongoing growth potential to not only bring in consistent revenue, but also increasing yearly income.
MC Payment raises series B
MC Payment will use the funding to expand to other markets in Asia-Pacific, including Australia, Thailand, Vietnam, Cambodia, Myanmar, and the Philippines. The company is currently operational in Singapore, Malaysia, Hong Kong, and Indonesia. Read More
2W Group investment into MC Payment
MC Payment, an omni-channel payments solution based in Singapore, announced that it had raised a US$5 million strategic investment round from a Thailand investment firm named 2W Group.
The 2W Group Managing Director is Schwin Chiaravanont, a member of the Chearavanont family (whose ownership of the Charoen Pokhphand Group makes them one of Thailand’s richest families).
Other participants in the round were Aura Funds Management, tryb Capital and Perle Ventures. Read More