M2P Fintech, a leading API infrastructure platform, has secured Rs 850 crore (approximately $102 million) in its latest Series D funding round. The round was led by Helios Investment Partners, with contributions from prominent institutions across Asia. This funding includes $70 million from primary investment, while the rest was raised through secondary transactions, bringing M2P’s valuation to Rs 6,550 crore (about $790 million).
Strengthening Market Leadership in India and Africa
The newly acquired funds will help M2P Fintech solidify its market leadership in India while expanding internationally, with a strong focus on Africa. As Africa’s financial ecosystem evolves rapidly, it presents vast opportunities for fintech companies. M2P aims to capitalize on this potential by offering its unique “Bank in a Box” solutions to meet the specific needs of local markets. These solutions allow businesses to provide custom financial services such as digital payments, credit card issuance, and more, ensuring regulatory compliance through seamless API integrations.
With operations already spanning over 30 markets—including Asia Pacific, MENA, and Oceania—M2P Fintech powers more than 200 banks and 300 lenders globally. The company is committed to delivering cutting-edge technology to help businesses streamline financial services and innovate within the fintech space.
Investors Show Confidence in M2P’s Vision
In addition to Helios Investment Partners, Flourish Ventures, an existing investor, has also increased its stake in M2P Fintech. The participation of major financial institutions in this round reflects growing confidence in the company’s vision and future growth prospects. Helios, which focuses on investments in Africa, sees this as an opportunity to back M2P’s mission to revolutionize financial services on the continent.
Financial Growth Amid Challenges
M2P Fintech has shown remarkable growth over the past few years. Its operating revenue surged by 2.26 times, reaching Rs 440.7 crore in FY23 compared to Rs 194.74 crore in FY22. However, the company also reported an increase in losses, which grew by 3.35 times to Rs 134.26 crore in FY23. Despite these challenges, M2P remains optimistic about its future, focusing on enhancing its infrastructure and expanding its global presence.
Your Opinion Matters!
What do you think about M2P Fintech’s expansion into Africa? Will this strategy lead to profitable growth? Share your thoughts in the comments below!
