M2P Fintech's Acquisition Strategy Following ₹850 Cr Funding from Helios and Others
M2P Fintech's Funding Round
M2P Fintech has secured ₹850 crore in funding, primarily to bolster its acquisition strategy. The funding round, led by Helios Investment Partners, will see a substantial portion allocated for strategic acquisitions. Madhusudanan R., CEO, emphasized the company's focus on markets like Africa and the ASEAN region.
Tech Expansion Plans
Founded in 2014 by Muthukumar A., Prabhu R., and Madhusudanan R., M2P Fintech has evolved immensely, providing essential services to banks and fintech companies. The company plans to utilize the raised capital not just for growth in India but also to make inroads into overseas markets.
Future Revenue Expectations
- 60% of revenue generated from India in 2024.
- Looking to penetrate Middle Eastern markets.
- Future forecast indicates a significant boost in profitability by FY25.
Conclusion on Expansion Strategy
With sophisticated services ranging from core banking to data capabilities, M2P Fintech aims to integrate artificial intelligence into its offerings, strengthening its position in the competitive fintech landscape.
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