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The Silicon Review Asia

M2P Fintech’s Valuation Breaches $600 Million after its Series C Round

M2P Fintech’s Valuation Breaches $600 Million after its Series C Round

The Chennai-based company’s valuation has nearly doubled within a span of three months

Chennai, India-based embedded financial infrastructure pioneer M2P Fintech has raised $56 million in its Series C funding round, which was led by NY-based Insight Partners with participation from MUFG Innovation Partners, and existing investors Better Capital and Tiger Global.

As a result of the latest funding round, the company’s valuation has nearly doubled to over $600 million from $335 million within a span of three months. The latest round of funding means that the company has now raised $107 million in total funding to date.

"There are two reasons for us to raise capital. One is to supplement our international expansion plans by growing the infrastructure in a few markets. Secondly, we see acquisitions as the way forward," said M2P Fintech Co-founder and CEO Madhusudanan R, to Moneycontrol.

Founded in 2014 by Madhusudanan R, Prabhu R and Muthukumar A, M2P Fintech is a reliable tech layer between banks, aspiring fintechs and other financial Institutions. The company is trusted by more than 500 banks, fintechs, and businesses all over the world. M2P is also helping these organizations upgrade their tech stack.

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