M2P Fintech to Raise $80 Million at $900 Million Valuation

• M2P Fintech, an API infrastructure platform, is set to raise $80 million in a new funding round led by a new investor, with existing investors like Insight Partners likely to join.
• This funding round comes after two and a half years since the Chennai-based company last raised $56 million at a $650 million valuation.
• The new funds will be used to enhance tech infrastructure and accelerate growth in India and overseas markets.
• M2P Fintech's API enables businesses to offer branded financial services while ensuring regulatory compliance, operating in multiple countries including India, UAE, and Australia.
• The company, backed by Tiger Global, has acquired six companies to date and is expected to be valued at around $880 to $900 million post-money in the new round.

Source: Entrackr