M2P Fintech has recently secured a significant $102m in the first close of its Series D financing.
This funding was raised through a combination of primary and secondary share sales, setting the company’s valuation at an impressive $783m, according to a report from IBS Intelligence.
The investment round was spearheaded by Helios Investment Partners, marking a pivotal step in M2P Fintech’s strategy to cement its leadership in India and expand its operations internationally, with a particular focus on Africa.
M2P Fintech specializes in providing comprehensive Banking-as-a-service solution that include digital payments, credit card issuance, and a broad range of financial services tailored to the specific needs of local markets.
In addition to its African ventures, M2P Fintech is looking to expand its footprint into select ASEAN countries and enhance its presence in the Middle East. This aligns with its vision to establish a substantial global banking technology infrastructure business.
M2P Fintech CEO & Co-founder Madhusudanan R said, “As the world’s 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 of 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.”
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