New Delhi: M2P Fintech, a financial technology firm, announced on Tuesday that it has secured Rs 850 crore in the initial phase of funding, with Helios Investment Partner leading the round. M2P Fintech announced that the company secured new funds by combining primary and secondary share capital, valued at more than Rs 6,550 crore.
M2P Fintech has reported the initial closure of its Series D funding round, securing Rs 850 crore from a combination of primary and secondary share capital. According to a statement from the company, the funding was spearheaded by Helios Investment Partners and establishes the company's worth at more than Rs 6,550 crore. The company aims to use the funds to strengthen its presence in the Indian market and expand its international franchise, with a focus on Africa. Madhusudanan R, CEO and Co-Founder of M2P Fintech, stated that the funding will strengthen the company's position in India and speed up its worldwide growth plans, given its strong ecosystem in the country.
With its fast-growing digital economy and urgent demand for financial inclusion, Africa offers great opportunities for fintech innovation. Madhusudanan expressed excitement about teaming up with Helios, who has a strong grasp of the African market. Together with our platform's capabilities, this partnership will help us achieve our goal of promoting financial inclusion and innovation.
During this round, major banks in Asia also invested in the company, and Flourish Ventures increased its investment. Helios Investment Partners Managing Director for Financial Services and Fintech, Elias Yazbeck, stated that Helios has a strong history of developing fintech and financial services companies in Africa, and this investment fits our plan to invest in fast-growing, technology-driven businesses.
FIRST Business Portal addressing the potential of business capability of North East Region.
