M2P Fintech is a technology company.
M2P Fintech has raised $110.0M across 5 funding rounds.
Key people at M2P Fintech.
M2P Fintech has raised $110.0M in total across 5 funding rounds.
Key people at M2P Fintech.
M2P Fintech is an API infrastructure company founded in 2014 in Chennai, India, that provides customizable, cloud-agnostic fintech solutions across banking, lending, and payments.[1][2][3] It builds products like core banking systems, customer onboarding and KYC, payment gateways, card issuance stacks, core lending suites, and digital commerce tools, serving banks, NBFCs, fintechs, and online businesses in over 30 countries with 800+ fintech engagements, 200+ banks, 300+ lenders, and 50+ million end customers.[2][3][4] By enabling seamless integration of financial services into customer journeys, M2P solves the problem of fragmented fintech infrastructure, promoting financial inclusion through cost-effective, scalable APIs for underserved segments like microfinance and buy-now-pay-later lending.[1][2] The company has raised ₹1,714.38 Cr in funding, including Series D from investors like Beenext and Tiger Global, and demonstrates strong growth via acquisitions and a global footprint processing 20+ billion transactions.[4][5]
M2P Fintech (formerly Yap) was founded in 2014 in Chennai by a trio of fintech visionaries, led by Madhusudanan R as Co-Founder and CEO, with a mission to leverage API infrastructure for accessible financial services.[3][5][6] The idea emerged from recognizing the need for digital payment solutions in India's underserved markets; early traction came in 2015 with small-ticket loans disbursement for NBFCs like Madura Micro Finance and Belstar, alongside prepaid card programs with Visa, Mastercard, and RuPay.[5] Pivotal moments include 2016-17 in-house tech stack development, 2017-18 diversification into UPI and NFC, 2019 global expansion with credit card stacks and remittances, and 2022 acquisitions of BSG ITSOFT for core banking and Syntizen for regtech/digital identity, solidifying its full-stack capabilities.[5]
M2P rides the API banking and embedded finance trend, enabling banks and fintechs to embed financial services into non-financial platforms amid rising digital adoption in emerging markets like India, GCC, SEA, and Australasia.[1][2][5] Timing is ideal post-UPI boom in India and global open banking shifts, where market forces like regulatory pushes for financial inclusion and demand for frictionless digital experiences favor scalable infrastructure over siloed systems.[2][5] M2P influences the ecosystem by powering white-label solutions for 800+ fintechs and 200+ banks, fostering innovation in microfinance, BNPL, and cross-border payments while reducing costs for underserved segments through automation and alternative credit data.[1][2][6]
M2P is poised for accelerated global expansion, leveraging its full-stack API rails and recent acquisitions to capture embedded finance growth in MENA and beyond, with visa-ready certifications and blockchain integrations signaling deeper commerce-tech convergence.[5] Trends like AI-driven personalization, real-time payments, and regtech will shape its trajectory, potentially evolving it into a dominant player for digital banks in emerging economies amid rising transaction volumes. As API infrastructure underpins fintech scalability, M2P's cost-effective empowerment of banks and startups positions it to redefine financial access, building on its origins as India's largest fintech startup.[2][3][4]
M2P Fintech has raised $110.0M in total across 5 funding rounds.
M2P Fintech's investors include AirAngels, AngelList, Polygon, Shaan's All Access Fund, Tiger Global Management, Weekend Fund, Scott Belsky, 3one4 Capital, Addition, Alt Capital, Andreessen Horowitz, Dig Ventures.
M2P Fintech has raised $110.0M across 5 funding rounds. Most recently, it raised $4.0M Series C in September 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2022 | $4.0M Series C | AirAngels, AngelList, Polygon, Shaan's All Access Fund, Tiger Global Management, Weekend Fund, Scott Belsky | |
| Jan 1, 2022 | $56.0M Series C | 3one4 Capital, Addition, Alt Capital, Andreessen Horowitz, AngelList, Dig Ventures, General Catalyst, Insight Partners, Kleiner Perkins, Locus Ventures, MUFG Innovation Partners, NFX, Hans Tung, Operator Stack, Preston-Werner Ventures, Quiet Capital, SciFi VC, SignalFire, South Park Commons, Team Ignite Ventures, Tiger Global Management, Y Combinator, Adam D'Angelo, Brad Bao, Ellen Salisbury, Evan Moore, Jeremy Stoppelman, Max Mullen, Sam Lambert, Shishir Mehrotra, Steve Chen, William Hockey | |
| Oct 1, 2021 | $35.0M Series C | BEENEXT, Insight Partners, Locus Ventures, Operator Stack, Team Ignite Ventures, Tiger Global Management, William Hockey | |
| Mar 1, 2021 | $10.0M Series B | BEENEXT | |
| Apr 1, 2020 | $5.0M Series A | BEENEXT |
