Total amount raised
$217 Million
Latest funding date
9/1/2024
Location
M2P Fintech has successfully raised funding over 9 rounds, with their latest being a Series D round. The company is backed by 27 investors, including Helios Investment Partners and Flourish Ventures.
Keep reading to explore the intricacies of M2P Fintech's fundraising journey and the investors backing this innovative platform.
What Is M2P Fintech?
M2P Fintech, based in Chennai, Tamil Nadu, India, is a leading fintech solutions provider specializing in API infrastructure for payments, lending, and banking services. The company operates in multiple countries, including India, UAE, USA, and several others, serving over 1200 fintechs, banks, and businesses globally.
Founded in an unspecified year, M2P Fintech has grown to employ between 1001-5000 people. The company has raised funding over 9 rounds, with the latest being a Series D round, and has made 8 acquisitions, including Mad Street Den. Their services include customer onboarding, core banking systems, payment solutions, and digital commerce facilitation.
How Much Funding Has M2P Fintech Raised?
- Seed Round
- Amount Raised: INR 100,000,000
- Date: February 2020
- Lead Investors: Amrish Rau
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial product offerings.
- Series A
- Amount Raised: USD 4,500,000
- Date: April 2020
- Lead Investors: BEENEXT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series B
- Amount Raised: INR 732,000,000
- Date: March 2021
- Lead Investors: Flourish Ventures, Omidyar Network India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and strengthen market position.
- Series C
- Amount Raised: USD 35,000,000
- Date: October 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: USD 335,000,000
- Motivation Behind the Round: To scale operations and further growth.
- Series C
- Amount Raised: USD 56,000,000
- Date: January 2022
- Lead Investors: Insight Partners
- Valuation at Round: USD 600,000,000
- Motivation Behind the Round: To scale operations and further growth.
- Series C
- Amount Raised: INR 330,000,000
- Date: September 2022
- Lead Investors: Visa
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and further growth.
- Debt Financing
- Amount Raised: INR 350,000,000
- Date: April 2024
- Lead Investors: Anicut Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To meet working capital requirements.
- Secondary Market
- Amount Raised: USD 31,800,000
- Date: September 2024
- Lead Investors: Helios Investment Partners
- Valuation at Round: USD 790,000,000
- Motivation Behind the Round: To provide liquidity to early investors.
- Series D
- Amount Raised: USD 70,000,000
- Date: September 2024
- Lead Investors: Helios Investment Partners
- Valuation at Round: USD 790,000,000
- Motivation Behind the Round: To cement market leadership in India and expand internationally, particularly in Africa.
Total Amount Raised: USD 196,300,000. Current Valuation: USD 790,000,000.
Key Investors
- Helios Investment Partners
- Details: Helios Investment Partners is a private investment firm focused on Africa, managing over $3 billion in assets. The firm is led and managed by an African team with offices in London, Lagos, and other locations.
- Investment Focus Areas: Africa, private equity, growth capital.
- Notable Investments: Not specified.
- Flourish Ventures
- Details: Flourish Ventures is an existing investor in M2P Fintech that has doubled down on their investment in the recent funding round. They focus on supporting entrepreneurs whose innovations help people achieve financial health and prosperity.
- Investment Focus Areas: Fintech, financial inclusion, digital banking.
- Notable Investments: Not specified.
- Anicut Capital
- Details: Anicut Capital is a venture capital firm that provides debt and equity funding to early and growth-stage companies. They have a strong presence in the Indian market.
- Investment Focus Areas: Debt financing, venture capital, growth-stage companies.
- Notable Investments: Not specified.
- Visa
- Details: Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories. They facilitate electronic funds transfers worldwide.
- Investment Focus Areas: Payments technology, financial services, digital commerce.
- Notable Investments: Not specified.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in high-growth technology and software companies. They have a portfolio of over 400 companies worldwide.
- Investment Focus Areas: Technology, software, high-growth companies.
- Notable Investments: Not specified.
What's Next for M2P Fintech?
M2P Fintech is poised to cement its market leadership in India and expand its international footprint, particularly in Africa. The African market, with its rapidly evolving financial ecosystem, presents a vast opportunity for growth. The company’s "Bank in a Box" solutions and other tailored financial services are set to meet the increasing demand for API infrastructure, enabling businesses to offer branded financial services.
Future fundraising opportunities appear promising, with potential for additional rounds to support their aggressive expansion plans. The company’s aim to enter public markets in the next 2-3 years further underscores its growth trajectory. However, challenges such as navigating regulatory environments, managing increased losses, and integrating acquisitions could pose hurdles along the way.
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