Firm to concentrate on new merchandise that may strengthen its market management in India and broaden operations in MENA and to Africa
Dubai, United Arab Emirates, thirtieth Sep 2024 – M2P, Asia’s largest Banking infrastructure firm, introduced immediately the primary shut of its Collection D financing, elevating $100 million via a mixture of main and secondary share capital. The financing was led by Helios Funding Companions and locations the corporate’s valuation at over $785 million. The funds will probably be utilized to cement M2P’s market management in India, in addition to serving to develop its worldwide franchise, significantly in Africa.
The spherical additionally noticed participation from marquee Banks throughout Asia, with present Investor Flourish Ventures doubling down on the corporate, underscoring sturdy confidence in M2P’s modern 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 expertise corporations, Banks, NBFCs, and startups to drive modern fintech options. With this funding, M2P is vying to speed up its progress by enhancing its expertise stack, focusing closely on leveraging synthetic intelligence and constructing out superior knowledge capabilities that won’t solely broaden M2P’s core choices but in addition empower the corporate to scale its partnerships with monetary establishments, delivering cutting-edge monetary merchandise and capabilities.
World Growth, with Africa in Focus
Over the previous few years, M2P has strategically expanded its world footprint, with a robust emphasis on rising markets. Africa now stands as the corporate’s subsequent main progress frontier, presenting huge potential because of the continent’s quickly evolving monetary ecosystem. With rising smartphone adoption and the growing 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 satisfy 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 sturdy presence within the Center East area, thereby aligning with its imaginative and prescient to construct a very world banking expertise 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 expertise corporations. M2P Fintech operates in over 30 markets throughout the Asia Pacific, MENA, and Oceania areas, and its modern choices energy 200+ banks, 300+ lenders, and 800+ fintech engagements serving over 50+ million finish customers. The excellent expertise stack powers the core banking system, core lending suite, BNPL, Credit score, Debit, C Pay as you go playing cards, UPI, and really strong knowledge capabilities, amongst others.
About Helios Funding Companions
Established in 2004, Helios Funding Companions is the most important Africa-focused non-public funding agency, with a file that spans creating startups to offering increasing corporations with progress capital and experience. The agency has over $3.0 billion in belongings underneath administration and is led and managed by a predominantly African staff primarily based 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 world networks to create enticing proprietary funding alternatives, with an emphasis on constructing market leaders in core financial sectors and driving efficiency via a extremely engaged strategy to portfolio operations. The agency’s distinctive mixture of a deep information of the African working setting, a singular dedication to the area, and a confirmed functionality to handle complexity is mirrored in its various portfolio of rising, market-leading companies and its place as a associate of selection in Africa. Helios is the second mainstream non-public fairness agency globally and the most important rising markets- centered non-public fairness agency to realize B Corp certification. B Corp standing acknowledges the agency’s longstanding dedication to sustainability and accountable enterprise practices.
Media Contact
Group: M2P ME
Contact Individual: Aparajita Bakshi
Web site: https://m2p.me/
E mail: aparajita@m2p.me
Metropolis: Dubai
Nation: United Arab Emirates
Launch Id: 30092417572
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