India’s fintech M2P raises $100 million from Helios to expand across Africa

By
James Musoba
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M2P Fintech (M2P), a full stack Banking as a Service (BaaS) and Infrastructure API provider that caters to the banking, fintech and non-financial services sectors, has raised $100 million Series D funding from Helios Investment Partners to expand across Africa.

M2P’s partnership with Helios will see it leverage Helios’ deep portfolio operations capability, guidance on navigating the regulatory space and dynamics, excellent network of key contacts in Africa as potential prospects, as well Helios’ deep fintech expertise across the continent.

Founded in 2014 and headquartered in Chennai, India, M2P offers next generation financial services technology to 200+ banks, 300+ lenders, and 800+ fintech engagements serving over 50+ million end users.

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According to Madhusudanan R, Co-Founder and CEO of M2P Fintech, “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.”

Founded over 20 years ago, Helios has a deep understanding of the African market and has backed a number of high-growth financial services and fintech businesses across the continent during an unparalleled period of African development and innovation including Fawry, Interswitch, Tpay, and Thunes.

M2P will work with Helios’ leading fintech portfolio in Africa to grow its financial services partnerships.

Elias Yazbeck, Managing Director, Financial Services and Fintech at Helios Investment Partners commented:

“We are very excited to have M2P join Helios’ strong financial services and fintech portfolio. We believe M2P is ideally positioned to not only grow rapidly but also be a force driving financial inclusion and enabling infrastructure innovation and digital disruption in a meaningful manner across the continent.

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