PC: Viestories
M2P Fintech, the company that delivers an API infrastructure platform, has created huge buzz in the financial technology landscape having raised a highly successful round of fundraising with a whopping Rs 850 crore or approximately $101.8 million. A strategic Africa-focused investment firm, Helios Investment Partners, led the capital raise-holders of primary and secondary financings – to indicate an optimistic view on M2P’s growth prospects and potential.
Renowned Asian banks participated in Series D, which also testified to the strong market positioning of the company. Key players in the industry showed an interest in the new funding round. An existing investor, Flourish Ventures, continued to back M2P with an increase in investment in the company. Rs 6,550 crore valuation for M2P Fintech with remaining $70 million via secondary transactions
This report covers the latest fund-raising round by M2P Fintech which is exclusively by Entrackr and analyzes the sum of the fund raised along with the enhanced valuation of the company with an exhaustive overview of the strategic developments in the organization.
The remaining funds constituted amounting to $70 million were done through secondary transactions, which resulted in raising the valuation of M2P up to a remarkable Rs 6,550 crore, close to $790 million.
Infusion of capital will help to consolidate market leadership for M2P further in India and power the growth of international markets, for instance, in Africa. Given Africa’s emergence as a key growth frontier for M2P, the firm is well-positioned to ride on the changing financial landscape of the continent and tap into its vast potential for innovation and disruption.
M2P Fintech has its core offering in the API infrastructure that will enable businesses to deliver customized financial services under their brand by becoming a partner with fintech entities through a compliance-by-design approach. Having operations across 30+ markets in Asia Pacific, MENA, and Oceania regions, M2P forms the backbone for over 200 banks and 300 lenders, enabling them to seamlessly deliver financial solutions to a wide customer base.
Strategic vision of the company will offer holistic “Bank in a Box” solutions that shall be complemented by digital payments, credit card issuance, and a wide variety of financial services customized to local markets’ requirements. M2P strictly pursues innovation, customer centricity, and operational excellence that will help drive sustainable growth and differentiation in this competitive fintech landscape.
The FY24 results have not been declared, but it has shown tremendous growth. M2P Fintech has gained 2.26X in operating revenue to Rs 440.7 crore from FY22’s Rs 194.74 crore. On the flip side, it has increased losses by 3.35 times amounting to Rs 134.26 crore in FY23, and prudent financial management and strategic resource allocation on this growth journey are also important.
The strategic significance of Africa for M2P will be shown by Helios Investment Partners’s lead investment position. Helios Investment Partners boasts experience in managing over $3 billion in assets and has a presence across major global financial markets. It has a rich reservoir of experiences, along with strategic insights, which will catapult M2P Fintech towards major growth and market leadership.
Funding this milestone will definitely be considered a landmark in its growth story for M2P Fintech, with the company on an increased trajectory towards market penetration, innovation, and value creation. Therefore, this means M2P may ride high on the investment received, expand its footprints globally, and continue to maintain the highest standards of achievement in pursuit of goals as part of fintech innovation and disruption.
