Fintech startup M2P fintech bags over $100million in Primary & Secondary round
API infrastructure platform M2P Fintech has raised Rs.850 crore which is equivalent to $101.8 million, in a Series D funding round led by Helios Investment Partners.
The round included both primary and secondary financing, with marquee banks across Asia participating and existing investor Flourish Ventures doubling their stake. Of the total funds raised, $70 million came from primary investment, while the rest was through secondary transactions.
Following this funding round, M2P Fintech’s valuation has reached Rs.6,550 crore or around $790 million. The report has revealed about their,new fundraise, providing a detailed breakdown and crucial insights into the company's valuation and financing structure.
According to M2P, the newly raised funds will be used to strengthen its market leadership in India and expand its international operations, particularly in Africa. Africa is seen as the company's next major growth market due to the continent's rapidly evolving financial ecosystem, which presents significant opportunities for fintech solutions.
M2P Fintech provides API infrastructure that allows businesses to offer branded financial services in partnership with fintech companies while ensuring regulatory compliance. Operating in over 30 markets, including the Asia Pacific, MENA, and Oceania regions, M2P supports more than 200 banks and 300 lenders globally.
The company’s solutions include "Bank in a Box" offerings, as well as digital payments, credit card issuance, and other tailored financial services that meet the specific needs of local markets. These services have helped M2P grow its client base and expand its reach in multiple regions.
While M2P has yet to release its FY24 results, its operating revenue increased 2.26X, rising from Rs.194.74 crore in FY22 to Rs.440.7 crore in FY23. However, the company also saw its losses widen by 3.35X, reaching Rs.134.26 crore in FY23.
Helios Investment Partners, the lead investor, is a private equity firm focused on Africa, managing over $3 billion in assets through its investment vehicle, Taj Investment Holdings.
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The round included both primary and secondary financing, with marquee banks across Asia participating and existing investor Flourish Ventures doubling their stake. Of the total funds raised, $70 million came from primary investment, while the rest was through secondary transactions.
Following this funding round, M2P Fintech’s valuation has reached Rs.6,550 crore or around $790 million. The report has revealed about their,new fundraise, providing a detailed breakdown and crucial insights into the company's valuation and financing structure.
According to M2P, the newly raised funds will be used to strengthen its market leadership in India and expand its international operations, particularly in Africa. Africa is seen as the company's next major growth market due to the continent's rapidly evolving financial ecosystem, which presents significant opportunities for fintech solutions.
M2P Fintech provides API infrastructure that allows businesses to offer branded financial services in partnership with fintech companies while ensuring regulatory compliance. Operating in over 30 markets, including the Asia Pacific, MENA, and Oceania regions, M2P supports more than 200 banks and 300 lenders globally.
The company’s solutions include "Bank in a Box" offerings, as well as digital payments, credit card issuance, and other tailored financial services that meet the specific needs of local markets. These services have helped M2P grow its client base and expand its reach in multiple regions.
While M2P has yet to release its FY24 results, its operating revenue increased 2.26X, rising from Rs.194.74 crore in FY22 to Rs.440.7 crore in FY23. However, the company also saw its losses widen by 3.35X, reaching Rs.134.26 crore in FY23.
Helios Investment Partners, the lead investor, is a private equity firm focused on Africa, managing over $3 billion in assets through its investment vehicle, Taj Investment Holdings.
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