M2P Fintech, a banking infrastructure company, has closed a Series D financing round, raising $100million through a mix of primary and secondary share capital.
The financing was led by Helios Investment Partners and places the Asian company’s valuation at over $785million. Existing investor Investor Flourish Ventures also took part.
M2P will use the funds to strengthen its market position in India and expand its international operations, with a particular focus on growing its presence in Africa. The company is looking to accelerate its growth by enhancing its technology stack, focusing heavily on leveraging artificial intelligence and building out advanced data capabilities that will not only expand its core offerings but also empower the company to scale its partnerships with financial institutions, delivering cutting-edge financial products and capabilities.
Global expansion
In recent years, M2P has broadened its global reach, with a particular focus on tapping into emerging markets. Africa has emerged as a key area for the company’s growth, thanks to the continent’s rapidly developing financial ecosystem. As smartphone use rises and mobile-based financial services become more prominent, M2P is actively seizing this growing opportunity.
Leveraging its robust banking infrastructure, M2P plans to offer integrated ‘bank in a box’ solutions, along with digital payments, credit card issuance, and a tailored suite of financial services designed to address the specific needs of local markets.
Additionally, M2P is looking at further expansion in key ASEAN countries while strengthening its established presence in the Middle East, reflecting its ambition to build a truly global banking technology infrastructure.
Fintech innovation
“As the world’s largest banking-as-a-service provider, this capital infusion will not only reinforce our leadership in India – where we’ve established a robust, comprehensive ecosystem – but also accelerate our ambitious global expansion efforts,” said Madhusudanan R, CEO and co-founder of M2P Fintech.
“Africa, with its rapidly growing digital economy and pressing need for financial inclusion, presents immense potential for fintech innovation. We’re thrilled to partner with Helios, whose deep understanding of the African market, coupled with our powerful platform capabilities, will position us well to deliver on our mission of fostering financial inclusion and innovation.”
Elias Yazbeck, managing director, financial services and fintech at Helios Investment Partners, also commented: “Helios has a significant track record in growing fintech and financial services businesses on the continent, and this investment aligns with our strategy to invest in high-growth, tech-focused businesses.”
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