M2P Fintech raises $35 million in Series C funding
- ByManjeet Singh | October 12, 2021
Previously known as Yap, M2P Fintech, based in Chennai, has raised $35 million in Series C funding from Tiger Global Management.
BEENEXT, Flourish Ventures, Omidyar Network India, 8i Ventures, Better Capital and the DMI Group through its investment vehicle Sparkle Fund also participated in the funding round.
M2P Fintech’s Co-Founder and CEO, Madhusudanan R, said, “We are delighted to have the backing of Tiger Global Management. Having built an API ecosystem for unlocking the latent fintech potential in emerging markets, we believe the time is ripe for us to export the capabilities from India to other parts of the world,”
M2P is currently present in India, Nepal, the United Arab Emirates, Australia, New Zealand, the Philippines, Bahrain, and Egypt.
By simplifying the partnerships with banks, PPIs, FIs, and other regulated entities, M2P enables businesses to quickly create and deploy fintech products. With the new funds, the company intends to enhance its Application Programming Interface (API) infrastructure capabilities and expand its reach beyond Asia
Follow Startup Story
Related Posts
