Total amount raised
$217 Millions
Latest funding date
9/1/2024
Location
M2P Fintech has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of financial technology solutions designed to streamline and enhance various financial services.
Keep reading to explore the intricacies of M2P Fintech's fundraising journey and the investors backing this innovative platform.
What Is M2P Fintech?
M2P Fintech is a dynamic company specializing in financial technology solutions. Founded in 2014, the company is headquartered in Chennai, India.
The founders of M2P Fintech are Madhusudanan R, Muthukumar A, and Prabhu Rangarajan. They have built a platform that offers a range of services to streamline financial operations.
With a growing team, M2P Fintech employs over 200 professionals dedicated to driving innovation in the fintech space.
How Much Funding Has M2P Fintech Raised?
- Seed Round
- Amount Raised: ₹100M (approximately $1.3M)
- Date: February 2020
- Lead Investors: Amrish Rau
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop the initial product offerings.
- Series A
- Amount Raised: $4.5M
- Date: April 2020
- Lead Investors: BEENEXT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the team.
- Series B
- Amount Raised: ₹732M (approximately $9.8M)
- Date: March 2021
- Lead Investors: Flourish Ventures, Omidyar Network India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and increase market share.
- Series C
- Amount Raised: ₹2.6B (approximately $35M)
- Date: October 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: $335M
- Motivation Behind the Round: To scale operations and increase market valuation.
- Series C1
- Amount Raised: $56M
- Date: January 2022
- Lead Investors: Insight Partners
- Valuation at Round: $600M
- Motivation Behind the Round: To support growth and expansion plans.
- Series C2
- Amount Raised: ₹330M (approximately $4.4M)
- Date: September 2022
- Lead Investors: Visa
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial stability and attract more investors.
- Debt Financing
- Amount Raised: ₹350M (approximately $4.7M)
- Date: April 2024
- Lead Investors: Anicut Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To meet working capital requirements.
- Secondary Market
- Amount Raised: $31.8M
- Date: September 2024
- Lead Investors: Helios Investment Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors.
- Series D
- Amount Raised: $70M
- Date: September 2024
- Lead Investors: Helios Investment Partners, Taj Investment Holdings
- Valuation at Round: $790M
- Motivation Behind the Round: To expand international presence and strengthen market leadership in India.
Total Amount Raised: $183.5M
Current Valuation: $790M
Key Investors
- Helios Investment Partners
- Details: Helios Investment Partners is a private investment firm focused on Africa, managing over $3 billion in assets. They have a strong presence with offices in London, Lagos, and other locations.
- Investment Focus Areas: Financial services, telecommunications, consumer products.
- Notable Investments: Not publicly disclosed.
- Flourish Ventures
- Details: Flourish Ventures is a global venture capital firm that focuses on financial health and inclusion. They have a history of investing in fintech and insurtech startups.
- Investment Focus Areas: Fintech, insurtech, financial health.
- Notable Investments: Chime, Aspiration, FairMoney.
- BEENEXT
- Details: BEENEXT is a venture capital firm based in Singapore, focusing on early-stage technology startups. They have a significant presence in the Asian market.
- Investment Focus Areas: Technology startups, early-stage investments.
- Notable Investments: Zilingo, Trusting Social, Moglix.
- Insight Partners
- Details: Insight Partners is a New York-based venture capital and private equity firm. They specialize in growth-stage technology and software companies.
- Investment Focus Areas: Technology, software, internet businesses.
- Notable Investments: Twitter, Shopify, DocuSign.
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on public and private companies in the internet, software, and financial technology sectors. They have a strong track record of successful investments.
- Investment Focus Areas: Internet, software, financial technology.
- Notable Investments: Facebook, LinkedIn, Flipkart.
What's Next for M2P Fintech?
With a fresh infusion of $101.8 million, M2P Fintech is poised to solidify its market leadership in India and expand its footprint in Africa. The company’s API infrastructure, which powers over 200 banks and 300 lenders, offers a significant growth opportunity as the demand for digital financial services continues to rise.
Future fundraising efforts are likely as M2P Fintech aims to enter public markets within the next 2-3 years. This trajectory is supported by their recent financial performance and strategic acquisitions. However, challenges such as managing increased losses and navigating regulatory landscapes in multiple markets could pose hurdles along the way.
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