Firm to deal with new merchandise that can strengthen its market management in India and increase operations in MENA and to Africa
Dubai, United Arab Emirates, thirtieth Sep 2024 – M2P, Asia’s largest Banking infrastructure firm, introduced right now the primary shut of its Collection D financing, elevating $100 million by means of a mixture of major and secondary share capital. The financing was led by Helios Funding Companions and locations the corporate’s valuation at over $785 million. The funds can be utilized to cement M2P’s market management in India, in addition to serving to develop its worldwide franchise, notably in Africa.
The spherical additionally noticed participation from marquee Banks throughout Asia, with present Investor Flourish Ventures doubling down on the corporate, underscoring robust confidence in M2P’s progressive banking infrastructure, which powers a variety of economic establishments throughout the globe.
Strengthening Management in Banking Infrastructure
M2P solidified its place because the main banking infrastructure supplier, collaborating with main shopper know-how firms, Banks, NBFCs, and startups to drive progressive fintech options. With this funding, M2P is vying to speed up its development by enhancing its know-how stack, focusing closely on leveraging synthetic intelligence and constructing out superior information capabilities that won’t solely increase M2P’s core choices but additionally empower the corporate to scale its partnerships with monetary establishments, delivering cutting-edge monetary merchandise and capabilities.
International Enlargement, with Africa in Focus
Over the previous few years, M2P has strategically expanded its international footprint, with a robust emphasis on rising markets. Africa now stands as the corporate’s subsequent main development frontier, presenting huge potential as a result of continent’s quickly evolving monetary ecosystem. With rising smartphone adoption and the rising prominence of mobile-led monetary providers supply, M2P is well-positioned to capitalize on this chance.
By leveraging its strong banking infrastructure, the corporate goals to ship seamless “Bank in a Box” options alongside digital funds, bank card issuance, and a set of economic providers personalized to fulfill the distinctive calls for of native markets.
The corporate can be eyeing strategic expansions into choose nations within the ASEAN area, in addition to enhancing its robust presence within the Center East area, thereby aligning with its imaginative and prescient to construct a really international banking know-how infrastructure enterprise.
Madhusudanan R, M2P Fintech CEO s Co-founder, stated: “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.”
Elias Yazbeck, Managing Director, Monetary Providers and Fintech at Helios Funding Companions, stated: “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.”
About M2P Fintech
The Chennai-headquartered M2P Fintech began in 2014 as an API infrastructure firm, has quickly advanced into the world’s largest Banking as a Service firm, powering the digital ambitions of banks, lenders, fintech, and shopper know-how firms. M2P Fintech operates in over 30 markets throughout the Asia Pacific, MENA, and Oceania areas, and its progressive choices energy 200+ banks, 300+ lenders, and 800+ fintech engagements serving over 50+ million finish customers. The great know-how stack powers the core banking system, core lending suite, BNPL, Credit score, Debit, C Pay as you go playing cards, UPI, and really strong information capabilities, amongst others.
About Helios Funding Companions
Established in 2004, Helios Funding Companions is the most important Africa-focused personal funding agency, with a report that spans creating startups to offering increasing firms with development capital and experience. The agency has over $3.0 billion in property beneath administration and is led and managed by a predominantly African staff based mostly in London, Lagos, Nairobi and Paris, with the language abilities and cultural affinity to interact with native entrepreneurs, managers, and intermediaries on the continent. Helios leverages its native and international networks to create enticing proprietary funding alternatives, with an emphasis on constructing market leaders in core financial sectors and driving efficiency by means of a extremely engaged method to portfolio operations. The agency’s distinctive mixture of a deep data of the African working atmosphere, a singular dedication to the area, and a confirmed functionality to handle complexity is mirrored in its numerous portfolio of rising, market-leading companies and its place as a associate of selection in Africa. Helios is the second mainstream personal fairness agency globally and the most important rising markets- targeted personal fairness agency to attain B Corp certification. B Corp standing acknowledges the agency’s longstanding dedication to sustainability and accountable enterprise practices.
Media Contact
Group: M2P ME
Contact Particular person: Aparajita Bakshi
Web site: https://m2p.me/
Electronic mail: aparajita@m2p.me
Metropolis: Dubai
Nation: United Arab Emirates
Launch Id: 30092417572
The publish M2P Fintech raises $100 million in Collection D Financing led by Helios Funding Companions, valuation surpasses $785 million appeared on King Newswire. It’s supplied by a third-party content material supplier. King Newswire makes no warranties or representations in reference to it.
