back Back

M2P Solutions raises $56m in a round led by Insight Partners

By Leandra Monteiro

January 21, 2022

  • API Banking
  • Asia
  • Funding
Share

M2P M2P Solutions, Asian financial Infrastructure company, 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.

In total, the company has raised more than $100 million in the past year. The investment allows M2P to further build its technology and team, while accelerating its plans to expand internationally. M2P’s existing investors also include BEENEXT, Flourish Ventures, Omidyar Network India, 8i Ventures, and the DMI Group via its investment vehicle Sparkle Fund.

Madhusudanan R, Co-Founder and CEO of M2P Solutions commented, “The consequence of COVID-19 pandemic has accelerated the shift from in-person to digital consumption.  This shift has forced businesses across the globe to move from brick and mortar to digital channels and, in doing so, has created an urgency for businesses to adopt an API platform like ours.   We see an unprecedented opportunity to meet this need by bringing our leading platform to other fintech markets across Europe, Africa and Asia, while doubling down on key and emerging fintech markets such as the Philippines, Indonesia and Egypt.”

“We are very glad to get the backing of Insight Partners and looking forward to leveraging their deep understanding of working with fintech entrepreneurs across the globe as we look to expand into new markets. MUFG with assets across the Asia will be a key partner in the next phase of our growth,” added Madhusudanan R.

“M2P is India’s leading FinTech infrastructure-as-a-service company – they knit together the broadest set of banking and fintech relationships in the market and have built powerful products delivered as an API with a strong commitment to customer service,” said Nikhil Sachdev, Managing Director at Insight Partners. “M2P’s stellar founding team and rapid growth have established the company as a clear market-leader that is transforming financial innovation in the region. We’re excited to partner with Madhu and team as they continue to scale up.”

Mayank Shiromani, VP, MUFG Innovation partners said, “We are excited about the growth of fintech and fintech-enabled businesses in India / SE Asia and we believe M2P has an important role to play in the ecosystem. Top start-ups in India already work with M2P. For financial institutions like MUFG, M2P unlocks new partnerships possibilities and provides tested technology for scaling digital offerings efficiently.”

Previous Article

January 21, 2022

Banque du Trésor upgrades agreement with Capital Banking Solutions

Read More
Next Article

January 21, 2022

InvestCloud partners with Ameriprise to offer personalized financial planning and advice

Read More







Advertise with us



IBSi Daily News Analysis

payment-- MarPay. Pointspay

May 25, 2022

API Banking

Why are Pointspay and MarPay gaining traction in the payment industry?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Verto launches B2B multi-currency Global Account solutions

Read More

Today

FOO to provide FinTech solutions in the Kingdom of Saudi Arabia

Read More

Today

3 Brazilian FinTechs revolutionising the financial sector

Read More

Related Reports

Sales League Table Report 2021

£ 1,500.00 / year

Know More
Emerging Technologies in Capital Markets

£ 500.00

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More