Banking infrastructure company M2P Fintech has raised Rs 850 crore (approximately $102 million) in a funding round led by Africa-based Helios Investment Partners. This investment consists of a mix of primary and secondary share capital, boosting the company's valuation to around USD 800 million.
The funding round also saw participation from existing investors, including Flourish Ventures, as well as several Asia-based bankers. According to media reports, early-stage investors like BeeNext are also selling stakes in this round, Madhusudanan added, emphasising the involvement of angel investors who will be exiting their positions.
Madhusudanan R, M2P Fintech Chief Executive Officer & Co-founder, said, "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. 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."
Strengthening Leadership In Banking Infrastructure
Elias Yazbeck, Managing Director, Financial Services and Fintech at Helios Investment Partners, said, "We at Helios are delighted to be providing investment and operational expertise to support M2P's international expansion, with a strong focus on Africa. 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."
As reported, M2P Fintech plans to use the newly raised funds for expanding into new international markets, pursuing inorganic growth opportunities, and increasing its workforce. The company has indicated that over 40 per cent of its revenue currently comes from international markets, highlighting its strategy to further solidify its presence in Africa.
Founded in 2014 by Madhusudanan R, Muthukumar A, and Prabhu R, M2P Fintech, previously known as Yap, is headquartered in Chennai. The company specialises in API infrastructure, enabling businesses in banking, financial services, and fintech to launch and scale a variety of digital financial services. M2P Fintech provides APIs that facilitate integration with banks, payment networks, and other financial institutions, supporting a range of digital services.
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