🌍 Africa-Focused PE Firm Leads Funding In India's M2P Fintech 🇮🇳 ▶ Indian banking technology infrastructure provider M2P Fintech has closed its Series D financing, raising Rs 850 crore ($102 million) in a mix of primary and secondary capital, led by Africa-focused private equity firm Helios Investment Partners. The round also saw participation from marquee banks across Asia, with existing investor Flourish Ventures doubling down on the company. ▶ Chennai-headquartered M2P Fintech plans to use the funds to improve market leadership in India, besides helping grow its international franchise, particularly in Africa. It also plans to accelerate its growth by improving its technology stack, focusing on leveraging artificial intelligence and building out advanced data capabilities. It believes that investments in these areas will also help it scale its partnerships with financial institutions. ▶ Founded in 2014 by Madhusudanan R, Muthukumar A, and Prabhu Rangarajan, M2P Fintech started as an API infrastructure company. It later turned into a banking-as-a-service company and formed partnerships with banks, lenders, fintech, and consumer technology companies. 🔽 Read the article below (posted by VCCircle and contributed by Aman Rawat) to learn more! https://lnkd.in/gEwe7Y6S #FlyHigh with #VentureVultures #IndiaPE #IndiaVC #Finance #Banking #FinTech #PE #VC
