M2P Fintech Raises $100 M, Eyes Global Expansion

M2P Fintech, an API infrastructure platform, has raised over $100 million through a mix of primary and secondary capital in its Series D financing round led by Helios Investment Partners, with plans to expand into Africa. This round values the API infrastructure platform at over INR 6,550 crore, equivalent to $790 million.

The financing round saw participation from existing investors, including Flourish Ventures and marquee banks across Asia. Of the $100 million, approximately $70 million came from primary investments, with the rest raised through secondary transactions.

“We are 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,” said Madhusudanan R, co-founder and chief executive officer (CEO), M2P Fintech.

M2P Fintech aims to utilize these funds to fortify its market leadership in India while expanding internationally, particularly in Africa and select ASEAN countries. The company also intends to strengthen its presence in West Asia, positioning itself as a key player in the evolving global financial ecosystem.

M2P Fintech International Expansion Strategy

Operating in over 30 markets across the Asia Pacific, Middle East, North Africa, and Oceania, M2P Fintech powers the technology stack of over 200 banks, 300 lenders, and 800 fintech companies. The “Bank in a Box” solutions enable businesses to offer financial services, including credit cards, BNPL, UPI, and more.

“Africa now stands as the company’s next major growth frontier, presenting vast potential due to the continent’s rapidly evolving financial ecosystem. With rising smartphone adoption and the increasing prominence of mobile-led financial services delivery, M2P is well-positioned to capitalize on this opportunity,” the company said in a statement.

While M2P’s operating revenue surged to INR 440.7 crore in FY23, reflecting a 2.26X increase from the previous year, losses also widened to INR 134.26 crore. Despite these challenges, the company’s valuation continues to climb, backed by solid ivestor confidence.

Helios Investment Partners, a private equity firm focused on Africa, led the funding round through its investment vehicle, Taj Investment Holdings. The firm manages over $3 billion in assets, making M2P Fintech’s expansion into Africa a strategic move aligned with Helios’ regional focus.

“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,” said Elias Yazbeck, Managing Director, Financial Services and Fintech, Helios Investment Partners.

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