M2P Fintech Advances on Unicorn Status Through Significant Funding Round

Thursday, 19 September 2024, 17:31

M2P Fintech is pushing towards unicorn status following a $80 million funding round led by Helios Investment Partners. The software services provider focuses on core banking solutions and aims to expand into the Middle East and Africa. This capital injection could elevate M2P's valuation to between $850 million and $900 million, reflecting its growth potential in international markets.
Indiatimes
M2P Fintech Advances on Unicorn Status Through Significant Funding Round

M2P Fintech's Ambitious Funding Round

M2P Fintech is on the verge of achieving unicorn status, spurred by a substantial $80 million funding round. This financing initiative is mainly led by Helios Investment Partners, with notable participation from Bank Muscat. Amidst increasing interest from global investors, M2P Fintech's existing backers are also joining this round, further showcasing the potential growth trajectory of the software services market.

Investment Insights

  • Helios is contributing approximately $50 million, acquiring nearly 6.5% of the company.
  • The startup aims to leverage these funds primarily for expansion outside India, notably in the Middle East and Africa.
  • M2P's previous funding round in January 2022 raised $35 million, leading to a valuation of $600 million.

Founded in 2014, M2P Fintech provides a comprehensive software stack focused on core banking and credit operations, underscoring its potential in the financial technology space.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Subscribe to our newsletter for the most reliable and up-to-date tech news. Stay informed and elevate your tech expertise effortlessly.

Subscribe