M2P Fintech raises $102m in Series D led by Helios Investment Partners

By Gloria Mathias

M2P Fintech, Asia’s banking infrastructure company, has announced the first close of its Series D financing, raising $102 million (INR 850 crores) through a mix of primary and secondary share capital.

The financing, led by Helios Investment Partners, values the company at over $783 million (INR 6,550 crores). The funds will be used to cement M2P’s market leadership in India and help grow its international franchise, particularly in Africa.

Over the past few years, M2P has strategically expanded its global footprint, with a strong emphasis on emerging markets. Africa now stands as the company’s next major growth frontier, presenting vast potential due to the continent’s rapidly evolving financial ecosystem.

With rising smartphone adoption and the increasing prominence of mobile-led financial services delivery, M2P is well-positioned to capitalise on this opportunity. By leveraging its robust banking infrastructure, the company aims to deliver seamless “Bank in a Box” solutions alongside digital payments, credit card issuance, and a suite of financial services customised to meet the unique demands of local markets.

The company is also eyeing expansions into specific countries in the ASEAN region, besides enhancing its presence in the Middle East region, thereby aligning with its vision to build a global banking technology infrastructure business.

Madhusudanan R, M2P Fintech CEO & Co-founder, said, “As the world’s 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 of Financial Services and FinTech at Helios Investment Partners, said, “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.”