M2P FinTech recently announced the closure of the initial phase of its Series D funding round, securing Rs 850 crore. The funding, a combination of primary and secondary share capital, was led by Helios Investment Partners, valuing the company at over Rs 6,550 crore.
The newly raised capital will be directed towards strengthening M2P FinTech’s position in the Indian market and fueling its international expansion, particularly across Africa. Madhusudanan R, Co-Founder and CEO, M2P FinTech, emphasised that the funding will accelerate the company’s global growth plans and further cement its foothold in India.
He stated, “Africa’s growing digital economy and need for financial inclusion present enormous opportunities for finTech innovation. We are excited to partner with Helios, who has a deep understanding of the African market. This partnership, combined with our platform’s capabilities, will help us drive financial inclusion and innovation globally.”
Elias Yazbeck, Managing Director (MD)- Financial Services and FinTech, Helios Investment Partners, highlighted Helios’ track record of scaling finTech and financial services in Africa, stating that this investment aligns with their focus on high-growth, technology-driven businesses. In addition to Helios, several prominent Asian banks and Flourish Ventures also participated in this round, with Flourish Ventures increasing its investment in the company.
M2P FinTech’s new funding round marks a significant step in its mission to expand its global footprint while addressing the financial needs of emerging markets like Africa.