Banking Infrastructure Innovator M2P Fintech Secures ₹650 Crore in Series D Funding
M2P Fintech, a prominent player in banking infrastructure, has successfully raised ₹650 crore through a combination of primary and secondary capital during its Series D funding round. This investment was spearheaded by Helios Investment Partners, which has placed the company’s valuation at over ₹6,550 crore.
Key Contributions from Existing Investors
The funding round also saw participation from existing investors such as Flourish Ventures. The newly acquired capital is earmarked for enhancing operations within India and expanding the company’s international presence, with a particular focus on Africa.
Africa: A New Frontier for Growth
According to M2P Fintech’s statement, Africa represents an exciting opportunity for growth due to its rapidly changing financial landscape. The continent is witnessing an increase in smartphone usage and mobile-driven financial services, positioning M2P to leverage these trends effectively.
Expansion Plans Beyond Africa
In addition to its African ambitions, M2P Fintech is eyeing expansion into select countries within the ASEAN (Association of Southeast Asian Nations) region while also aiming to solidify its footprint in West Asia.
Strategic Partnership with Helios Investment Partners
Madhusudanan R., co-founder and CEO of M2P Fintech expressed enthusiasm about partnering with Helios. He noted that their extensive knowledge of the African market combined with M2P’s robust platform capabilities will significantly enhance their mission of promoting financial inclusion and innovation across various markets.
A Global Presence Since 2014
Founded in 2014, M2P Fintech operates across more than 30 markets spanning Asia-Pacific, the Middle East and North Africa (MENA), as well as Oceania. The company claims that its technology supports services for over 200 banks, 300 lenders, and upwards of 800 fintech companies globally.
Comprehensive Technology Solutions Offered
The firm’s technology stack underpins essential banking systems including core lending solutions along with buy-now-pay-later (BNPL) options. It also facilitates credit card transactions—both debit and prepaid—and integrates seamlessly with Unified Payments Interface (UPI).
Helios’ Commitment to High-Growth Tech Investments
Elias Yazbeck, managing director specializing in financial services at Helios Investment Partners remarked on their strategic alignment with high-growth tech-focused businesses like M2P Fintech. He highlighted Helios’ proven track record in nurturing fintech enterprises throughout Africa as a key factor driving this investment decision.
Conclusion
With this latest funding round completed successfully alongside strategic partnerships aimed at fostering growth across emerging markets like Africa and beyond—M2P Fintech stands poised for significant advancements within the global fintech landscape.
Student at Government College of Engineering Kolkata and an enthusiastic Journalist. Follows Topics such as Indian Politics, Gaming, Anime, etc. Click on the bell icon for more news and opinions from Srijan.
