M2P Fintech: Seamlessly Integrating Fintech Across Banking Landscape

The financial landscape is undergoing a major upheaval in the digitally driven era, driven by technology innovation and shifting customer expectations. Fintech companies are leading this change, transforming traditional financial services by providing simplified, more user-friendly, efficient, and accessible solutions.

In this ever-changing landscape, businesses such as M2P are vital, acting as spark plugs for creativity and promoting cooperation amongst players in the financial sector. Modern financial services are being experienced and interacted with in a new way. The valuation of M2P Fintech is $783 million as of September 2024, nearing the Unicorn status.

Here’s more about M2P Fintech, its Startup Story, Founders, Vision, Tagline and M2P Logo, Products of M2P Fintech, M2P Fintech Funding, M2P Fintech Revenue, and more.

M2P Fintech - Company Highlights

M2P Fintech - About
M2P Fintech - Industry
M2P Fintech - Founders and Team
M2P Fintech - Startup Story
M2P Fintech - Mission and Vision
M2P Fintech - Name and Logo
M2P Fintech - Products
M2P Fintech - Business Model
M2P Fintech - Revenue Model
M2P Fintech - Challenges Faced
M2P Fintech - Funding and Investors
M2P Fintech - Investments
M2P Fintech - Acquisitions
M2P Fintech - Growth
M2P Fintech - Competitors
M2P Fintech - Future Plans

M2P Fintech - About

M2P Fintech is a Fintech startup that offers BaaS (banking-as-a-service) to non-banking financial companies, banks, fintech startups, and more. It helps companies of all sizes integrate investment products into their service lines. Their system streamlines collaborations with banks, PPIs, FIs, and other authorized bodies, allowing businesses to quickly design and launch fintech products.

M2P Fintech - Industry

According to an analysis of a report by Mordor Intelligence, the fintech sector in India is expected to grow at a spectacular rate and reach a valuation of $111.14 billion by 2024. It is anticipated that this significant amount will increase to $421.48 billion by 2029, exhibiting a remarkable compound annual growth rate (CAGR) of 30.55% over the forecast period of 2024 to 2029.

The swift expansion highlights the growing need for fintech solutions in India's several sectors, which is fueled by reasons like growing digital penetration, regulatory actions, and changing customer preferences. Fintech has the potential to completely transform the financial sector, which opens up a lot of doors for Indian innovation, investment, and economic growth.

M2P Fintech - Founders and Team

Madhusudanan Rangarajan

The renowned Co-Founder of M2P, Madhusudanan Rangarajan, brings a plethora of experience and knowledge to the financial industry. Madhusudanan had important positions in well-known companies before he started his businesses. He was the Director of Prepaid Products at Visa Inc. He had notable positions as a Branch Manager at Thomas Cook India Ltd. and a Product Manager at CitiBank before entering the fintech industry.

Madhusudanan's educational background consists of a Post Graduate Diploma in Marketing from the Institute for Technology and Management and a Higher Secondary Certificate in Commerce from Jaigopal Garodia Vivekananda Vidyalaya. He also Co-Founded Oynk before Co-Founding M2P, demonstrating his inventiveness and dedication to reshaping the financial industry.

Prabhu Ranjan

Prabhu Ranjan, the Co-Founder of M2P, brings extensive experience from prominent technology firms. He worked as a Technical Lead at Verizon, a Middleware Architect at Cognizant, and a Senior Software Engineer at IGATE before joining M2P. His varied experience highlights his contribution to M2P's technological innovation and growth in the finance industry.

Muthukumar A

The Co-Founder of M2P, Muthukumar A, has a varied background working for prestigious companies in the banking and technology industries. His career began at the Aeronautical Development Agency as a Research Fellow. He then held important positions as a Project Manager at Fujitsu Asia Pte Ltd. and Satyam Computer Services Ltd. Muthukumar, who had a plethora of expertise, went on to serve as Movida India Pvt. Ltd.'s Technology Director before making important contributions as a Senior Manager at PayPal and Vice President at Visa.

This lengthy history highlights Muthukumar's crucial strategic vision and leadership, which have been key factors in M2P's success in the fintech sector.

M2P Fintech - Startup Story

The idea of M2P was planted in 2014 over a cup of chai by Madhu & Muthu, who had a vision of transforming the finance scene in India. Prabhu joined the two to complete the three and formally founded M2P Solutions Private Limited. on November 14, 2014, providing a powerful ally for their objectives.

Started in 2015 as a Payment as a Service (PaaS) provider, M2P's bootstrap adventure started with modest beginnings. To integrate fintech into every company's client interaction, M2P concentrated on using the network effect to create a mobile payment future.

The business took off quickly, forming its first big alliance with DCB Bank to launch the first prepaid card BIN sponsorship program. The advent of novel models for cashless gold loan disbursement in association with top NBFCs like IIFL, Muthoot, and India Infoline, signaled the start of M2P's entry into the digital payments space.

That same year, M2P gained the confidence of well-known NBFCs like Madura Micro Finance, Belstar, and SKS Microfinance and emerged as the go-to platform for the distribution of small-ticket loans. Simultaneously, M2P's prepaid card initiatives launched with Visa, Mastercard, and RuPay, enhancing its standing as a supplier of white-label wallets to affiliated institutions.

M2P made a concentrated effort to develop extensive internal tech capabilities between 2016 and 2017, creating a solid groundwork for future expansion. The company expanded its product offerings in 2017–18 by adding capabilities in Unified Payments Interface (UPI), Host Card Emulation (HCE), National Electronic Toll Collection (NETC), Near Field Communication (NFC), and Bharat QR as a result of its unwavering pursuit of innovation.

M2P's journey is a shining example of resilience, creativity, and an unwavering commitment to seamlessly integrating fintech into the customer journeys of businesses throughout India—a journey filled with setbacks, victories, and breakthroughs.

M2P Fintech - Mission and Vision

M2P's mission is "to improve elders' aging process and provide them more authority. Our goal is to give them all-encompassing support and to enhance their lives with fulfillment and dignity. Our goal is to brighten our seniors' days with creative ideas and caring attention."

M2P's vision is "to make every company a fintech."

M2P Fintech - Name and Logo

M2P Fintech - Products

Some of the products of M2P are:

Payments

Just-In-Time
Funds are available right now. Anytime. Anywhere. There will be no pre-loaded cards or purses! With JIT financing, you can provide clients with real-time financial access.

Card Issuance

Issue single, multi-user, multi-currency, physical, or virtual payment solutions on top of a highly scalable platform.

• Debit Cards: High-end debit cards with online enrollment, limit modification, and remittance customization, among other features.
• Credit Cards: Full credit card issue API stack, mobile-first architecture, built-in security, and end-to-end assistance from layout to delivery.
• Prepaid Cards: The company creates single and multi-use redeemable cards, multicurrency forex cards, JIT-based loan cards, fleet, travel, and business cards.

On top of a scalable framework, offer single, multi-user, multi-currency, physical, or digital payment options.

Cross Border Payments

Through a simple API interaction, M2P enables cross-border transfers quicker, easier, and more dependable.

Forex or Travelcards

Using M2P's consortium, create customer-centric remittance and cross-border payment solutions. For all travelers, use multi-currency travel or Forex cards.

Remittance Solution

M2P makes cross-border remittances faster, smoother, and more reliable through single API integration.

Fleet Drive

M2P's FleetDrive helps you control FASTag tolls, fuel, meals, and other fleet-related costs. Get a 15-day working capital loan for any on-trip costs for free.

Lending

Credit Card

Easily create customized physical and digital cards with built-in adherence, safety, and dependability, as well as 360-degree support.

Buy Now Pay Later

Linking lenders, retailers, and clients to create market-changing credit solutions. Provide end-users with real-time credit facilities from a variety of providers.

Banking

Neobanking

M2P is a leader in facilitating new banking through cutting-edge API services that are secure and compliant.

Investments

With cutting-edge APIs, you can provide your clients with tempting deposit plans. Enable digital banking and comprehensive wealth management.

• Fixed Deposits: With FD's, you can get to market quickly.
• Gold Deposits: Enhance your clients' gold holdings, make incentives easier to come by, and provide hassle-free gold deposits.

M2P Fintech - Business Model

M2P Fintech is a supplier of API facilitating firms of any size to be digital finance solution suppliers. They're well-positioned with a safe and adaptable cloud platform that enables businesses to create tools with efficiency and agility at their center. Their software platform has also undergone multiple regulatory assessments and is validated by industry-leading credentials.

On one hand, their system helps firms swiftly design and launch fintech products by allowing them to customize all key operations using our plug-and-play alternatives. Their system, on either hand, makes it easier for banks/PPI licensees/regulated firms to handle these solutions in the back end by enabling technological interface, settlement, and technical assistance.

M2P Fintech - Revenue Model

M2P generates revenue through different resources, some of the prominent ones are:

• API Services: Providing companies in a range of industries with cutting-edge, adaptable API solutions.
• Payment Infrastructure Contracts: Offering dependable and effective payment processing solutions to businesses in need of payment infrastructure.
• Card Processing Services: Ensuring safe and easy financial transactions for both clients and customers by facilitating card processing services.

M2P Fintech - Challenges Faced

M2P faced enormous difficulties in its early years even though it had unmatched experience, a creative flare, and technological prowess. The most significant of these challenges was the complex web of regulatory requirements, which proved to be an enormous roadblock in their expansion efforts. M2P, despite their industry-leading talents, was unable to fully utilize their expertise and take advantage of attractive opportunities because they were entangled in the complexity of compliance.

M2P had a difficult time navigating these regulatory obstacles as they tried to find their place in the fiercely competitive fintech market. Even with their state-of-the-art technology and elite personnel, their progress was slowed back by the onerous process of complying with compliance standards. But with time and careful planning, M2P was able to overcome these obstacles and come out stronger and more resilient, prepared to take advantage of the enormous potential that the fintech sector held.

M2P Fintech - Funding and Investors

M2P has made 7 rounds of funding to date. The latest funding round was a Series D in which the company raised INR 850 crore ($101 million) from Helios Investment Partners at a valuation of $783 million, nearing the unicorn status. This funding round took place on 25 September 2024. Below are the details:

M2P Fintech - Investments

M2P has invested $4 million in the corporate round of fundraising for LivQuik. This calculated action demonstrates M2P's dedication to supporting development and innovation in the fintech sector. The investment demonstrates M2P's faith in LivQuik's ability to lead the market in meaningful solutions.

M2P Fintech - Acquisitions

M2P has acquired 6 companies to date.

Here are the details:

M2P Fintech - Growth

M2P growth highlights are:

• It has invested across 20+ markets as of April 2024
• It has a client base of 300+ banks as of April 2024
• It has 100+ NBFCs as of April 2024
• It has 800+ fintech as of April 2024

M2P Financials

M2P Fintech - Competitors

In M2P, some of the prominent competitors are:

Open Bank Project

It is regarded as one of M2P's main competitors. It was established in 2012 and is based in Berlin, Germany. It operates in the Internet Software space alongside M2P.

Decentro

It is a private firm based in Singapore that was created in 2020. It is a company that works in the consumer and corporate banking sectors.

TrueLayer

It was created in 2016 and is based in London, England. It is a company that works in the consumer and corporate banking sectors.

M2P Fintech - Future Plans

In an effort to raise Rs 35 crore, M2P Fintech has decided to issue 350 non-convertible debentures (NCDs) at an issue price of Rs 10,00,000 per as per news report of April 1, 2024.

This decision indicates the company's strategic financial planning for future expansion. According to a source from RoC filings M2P intends to accelerate its expansion activities with this capital infusion, including investments in technology, product enhancement, and possible acquisitions.

FAQs

What does M2P FinTech do?

M2P Fintech is an API infrastructure company that helps businesses embed financial products.

Who are the founders of M2P Fintech?

Madhusudanan Rangarajan, Prabhu Rangarajan and Muthukumar A are the founders of M2P Fintech.

What is the valuation of M2P Fintech?

The valuation of M2P Fintech is $783 million as of September 2024.