CosmicTaco

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

CosmicTaco · 2024-07-30T16:17:24.277351+05:30

- 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

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

15mo ago