M2P Fintech is a company that specializes in embedding fintech capabilities into core business offerings.
M2P uses tech for innovative financial services, backed by experts in a supportive workplace.
M2P Fintech raised $50 million from Taj Investment Holdings for expansion and working capital.
The Chennai-based company is valued at around $800 million post-funding.
Taj Investment Holdings made its first investment in an Indian startup with M2P
M2P increased its ESOP pool to 1,29,140 options with 38,700 new options added.
Beenext, Tiger Global, and Insight Partners were M2P’s largest stakeholders pre-funding.
Co-founders collectively own 34.03% of M2P Fintech.
M2P was in negotiations for an 80 million round,with 30 million expected from secondary sales.
M2P provides API infrastructure for businesses to offer branded financial services.
Operating revenue surged to Rs 440.7 crore in FY23, with losses increasing to Rs 134.26 crore.