[Funding News] M2P Fintech Raises $100 Mn Funding

M2P Fintech has raised Rs 850 crore (about $101.8 million) through a primary and secondary financing round headed by Helios Investment Partners.

The money will be utilized to strengthen M2P’s position as the industry leader in India and to extend its global business, with a focus on Africa. The financial landscape of the continent is changing quickly, and with its enormous potential, Africa is currently the next major M2P growth frontier.

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In the Series D round, eminent Asian universities also took part, and Flourish Ventures, an existing investor, upped their investment in the business. Of the total, $70 million came from the first investment, with the remaining amount coming from secondary sales. According to the company, this financing has raised its worth to Rs 6,550 crore, or roughly $790 million.

Through collaborations with fintech companies, M2P Fintech provides API infrastructure that enables enterprises to offer their own branded financial services while maintaining regulatory compliance. M2P Fintech, which operates in over 30 markets, including the Asia Pacific, MENA, and Oceania regions, powers over 200 banks and 300 lenders.

According to the statement, the company’s goal is to offer “Bank in a Box” solutions, digital payments, credit card issuing, and other financial services that are customized to meet the unique requirements of local markets.