India’s M2P Fintech reportedly on track to secure $80m funding round
Indian API infrastructure provider M2P Fintech is reportedly in the process of securing up to $80 million through a new funding round.
M2P Fintech reportedly raising $80m
Helios Investment Partners is leading the round, according to a report by The Economic Times, which cites sources familiar with the deal.
The outlet reports that the London-based private equity firm is injecting $50 million into M2P Fintech in exchange for a 6.5% stake.
Also reportedly participating in the round is Oman’s Bank Muscat, while early investor Beenext is reportedly looking to sell part of its existing stake to several undisclosed angel investors.
However, a different report published by Entrackr last week says the fintech has picked up a $50 million investment from new investor Taj Investment Holdings.
M2P Fintech was contacted by FinTech Futures for comment.
Based in Chennai, M2P Fintech operates an API infrastructure that enables businesses to embed fintech services into their own offerings.
The company previously raised $56 million in a Series C1 round closed in 2022, and has completed a total of six acquisitions to date, including transaction behaviour intelligence company Goals101, which it purchased last December for around $30 million.
