M2P Fintech acquires Finflux to enhance its lending portfolio

By Leandra Monteiro

M2P Fintech, an Asian financial Infrastructure company recently announced it has acquired Finflux, a cloud lending platform.  With this acquisition, M2P Fintech said they look forward to rolling out advanced lending products that are secure, scalable, and cloud-ready and accelerate the adoption of next-generation digitisation and workflow automation.

Finflux is a cloud lending platform that accelerates lending business transformation. Its vision is to create affordable and equitable financial access to individuals and businesses around the world. Finflux cloud includes a comprehensive suite of products that help manage the entire loan lifecycle. Its product offering provides loan origination, loan management, financial accounting, marketplace integration, app-based lending, alternative data-based credit scoring, dashboards, reporting and analytics.

Founded in Chennai in 2014 by a trio of FinTech professionals, M2P began with a dream of helping the world leverage the power of FinTech. M2P builds a strong infrastructure for the financial world. Its products help banks, NBFCs, and online businesses go to market with a wide range of solutions across Payments, Lending, and Banking. The company delivers agile, futuristic, customer-centric FinTech solutions through APIs, technology integration, and back-office support.

Earlier this year, M2P Fintech announced a $56 million Series C1 raise led by New York-based global private equity and venture capital firm Insight Partners with participation from MUFG Innovation Partners, a CVC company of Mitsubishi UFJ Financial Group, Inc. (MUFG), existing investors Tiger Global and Better Capital.