September 24, 2024: M2P Fintech is set to accelerate its growth strategy after securing ₹850 crore in a recent Series D funding round, led by Helios Investment Partners. This investment positions the company’s valuation at over ₹6,550 crore, reflecting increasing investor confidence in its vision.
With a keen focus on enhancing its technology stack—particularly in artificial intelligence and data analytics—M2P aims to strengthen partnerships with financial institutions. The company is strategically poised to capitalize on the surging demand for mobile financial services in emerging markets.
With this latest funding round, M2P Fintech is poised to play a pivotal role in shaping the future of financial services in Africa and other emerging markets. As the demand for mobile-led financial solutions grows, M2P’s strategic initiatives and partnerships are set to unlock new possibilities, making financial services more accessible to millions.
Elias Yazbeck, Managing Director at Helios, expressed optimism about the collaboration: “This investment aligns perfectly with our strategy to support high-growth, tech-driven companies. Our extensive experience in the African market will play a crucial role in M2P’s expansion efforts.”
M2P Fintech to Focus on Tapping into Emerging Markets
The African continent presents unique opportunities for fintech growth, driven by increased smartphone adoption and a pressing need for accessible financial solutions. M2P also has plans to extend its operations into the ASEAN and Middle Eastern markets, reflecting its commitment to broadening its global reach. Since its inception in 2014, M2P Fintech has emerged as a leading API infrastructure provider, operating in over 30 markets and serving more than 200 banks and 800 fintech companies.
Co-founder and CEO Madhusudanan emphasized the importance of this funding: “As the world’s largest Banking-as-a-Service provider, this capital will not only enhance our leadership in India but also propel our global expansion.” He further highlighted Africa’s digital economy potential, stating, “Our partnership with Helios, coupled with our robust platform, will enable us to foster financial inclusion and drive innovation across the continent.”
The capital, raised through a mix of primary and secondary share sales, will primarily support M2P’ Fintech’ s ambitious expansion plans across Africa, where the fintech landscape is rapidly evolving.
