M2P fintech acquires online customer onboarding startup Syntizen
- ByStartupStory | July 19, 2022
M2P Fintech, which provides API infrastructure solutions for banks mainly in Asia, has acquired Syntizen, a provider of identity validation services such as Aadhaar verification, various KYC, and identity services.
The company was founded in 2019, by Abhishek and professor Mangal Kothari, both professors at IIT Kanpur along with their students, Rama Krishna and Chirag Jain, with focus on high-tech dynamic aerial robotic solutions backed by extensive research.
Syntizen provides eKYC services to clients such as Manappuram Finance, Muthoot Fincorp, Indiabulls Home Loans, Angel Broking, and others.
Besides offering e-KYC, Video KYC services, Syntizen’s Aadhaar verification platform is deployed by several State Governments for identity solutions to enable government schemes.
M2P Fintech offers tech interfacing with fintech organizations, banks and vendors with credit and pre-loaded cards, alongside a set-up of neobanking arrangements. The Chennai-based organization rivals any semblance of Setu, Signzy and Decentro in the API foundation business.
Beginning around 2021, M2P Fintech has procured four new companies which incorporate the obtaining of Wizi, Origa.ai, BSG and Finflux. The firm had shut its Series C round at a $600 million valuation in January this year
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