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M2P Fintech is a series D company based in Chennai (India), founded in 2014 by Prabhu Rangarajan, Madhusudanan Rangarajan and Muthukumar Ayyakkannu. It operates as a Provider of banking, lending, and payment solutions via custom APIs. M2P Fintech has raised $184M in funding from investors like 8i Ventures, Beenext and Visa, with a current valuation of ₹6,550Cr. The company has 117 active competitors, including 34 funded and 8 that have exited. Its top competitors include companies like Zeta, Falcon and NeoKred.
Company Details
Provider of banking, lending, and payment solutions via custom APIs. It offers banking solutions such as core banking, debit cards, and neobanking. The company provides lending solutions including credit cards, BNPL, loan origination and management systems, microfinance, and credit lines on UPI. It facilitates payments through prepaid cards, cross-border transactions, fleet management, UPI, and merchant acquiring solutions. The company also delivers value-added services like reconciliation, KYC, fraud risk management, AML compliance, and rewards programs.
- Website
- m2pfintech.com
- Social
- Email ID
- *****@m2pfintech.com
- Registered Address
- 228, Second floor, 6th ‘A’ Main, HRBR Layout, 2nd Block, Kalyan Nagar, Bangalore, Bangalore, Karnataka, India, 560043
Key Metrics
Founded Year
2014
Location
Chennai, India
Stage
Series D
Total Funding
$184M in 10 rounds
Latest Funding Round
Post Money Valuation
₹6,550Cr as on Dec 23, 2024
Investors
Ranked
5th among 117 active competitors
Annual Revenue
₹391Cr as on Mar 31, 2024
Employee Count
1,144 as on May 31, 2025
Investment & Acquisitions
Legal entities associated with M2P Fintech
M2P Fintech is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Nov 13, 2014 | $47.3M (as on Mar 31, 2024) | 1076 (as on May 31, 2025) | ||
Apr 28, 2016 | $564K (as on Mar 31, 2024) | 19 (as on May 31, 2025) | ||
Dec 06, 2010 | $1.69M (as on Mar 31, 2023) | 49 (as on May 31, 2025) |
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M2P Fintech's funding and investors
Filter this listM2P Fintech has raised a total funding of $184M over 10 rounds. Its first funding round was on Feb 11, 2020. Its latest funding round was a Series D round on Sep 24, 2024 for $70M. 6 investors participated in its latest round, lead by Helios and SMBC Asia Rising Fund.
M2P Fintech has 34 institutional investors including 8i Ventures, Beenext and Visa. Beenext is the largest institutional investor in M2P Fintech. Abhishek Gupta and 31 others are Angel Investors in M2P Fintech.
Here is the list of recent funding rounds of M2P Fintech:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Sep 24, 2024 | $70M | Series D | 9495923 | 4317936 | |
Jul 25, 2024 | $836K | Series C | 8344286 | 6794073 | |
Apr 01, 2024 | $4.2M | Conventional Debt | 9357189 | 9233714 |
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M2P Fintech's founders and board of directors
Founder? Claim ProfileThe founders of M2P Fintech are Prabhu Rangarajan, Madhusudanan Rangarajan and Muthukumar Ayyakkannu. Madhusudanan Rangarajan is the CEO of M2P Fintech.
Here are the details of M2P Fintech's key team members:
- Prabhu Rangarajan: Co-Founder of M2P Fintech and founder of 1 other company. They are also an angel investor in 8 startups and serve on the board of 1 company.Contact Info: 1 email address
- Madhusudanan Rangarajan: Co-Founder & CEO of M2P Fintech and founder of 3 other companies, Oynk, M2P and YAP. They are also an angel investor in 5 startups and serve on the board of 1 company.
- Muthukumar Ayyakkannu: Co-Founder & CTO of M2P Fintech and founder of 3 other companies, Kisangates, YAP and M2P. They are also an angel investor in 2 startups and serve on the boards of 2 companies.
M2P Fintech's Board of Directors
M2P Fintech's board has 1 active member. Elias Yazbeck is independent board member.Here is the list of M2P Fintech's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 9y 6m | |
Team | - | Current | 10y 7m | |
Team | - | Current | 9y 6m | |
Investor | - | Current | 2y 8m | |
Investor | - | Current | 3y 4m | |
Independent board member | - | Current | 10y 7m | |
uwfm{ie | Independent board member | - | Current | 9y 4m |
tunoooi | Independent board member | - | Current | 3y 4m |
{uhzvdq | Independent board member | - | Past | 9y 5m |
View details of M2P Fintech's Founder profiles and Board Members
M2P Fintech's employee count trend
M2P Fintech has 1,144 employees as of May 25. The total employee count is 26.0% more than what it was in May 24. Here is M2P Fintech's employee count trend over the years:Uncover M2P Fintech's growth story! Sign up today!Access Tracxn on any website
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M2P Fintech's Competitors and alternates
Top competitors of M2P Fintech include Zeta, Falcon and NeoKred. Here is the list of Top 10 competitors of M2P Fintech, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Zeta 2015, San Ramon (United States), Series D | Provider of payment and banking solutions | $390M | 82/100 | |
2nd | Provider of a cloud-native platform for next-generation financial products | $9.2M | 66/100 | ||
3rd | Provider of open banking and payment infrastructure for digital finance solutions | $1.2M | 65/100 | ||
4th | Lean 2019, Riyadh (Saudi Arabia), Series B | Open banking aggregation APIs for financial institutions | $104M | 63/100 | |
5th | M2P Fintech 2014, Chennai (India), Series D | Provider of banking, lending, and payment solutions via custom APIs | $184M | 61/100 | |
6th | Financial technology and digitization solutions | $7M | 60/100 | ||
7th | Provider of payment infrastructure solutions for financial institutions | $14.2M | 59/100 | ||
8th | AuthBridge 2005, Gurugram (India), Series B | Provider of identity verification and due diligence platform for employee onboarding | $11.2M | 58/100 | |
9th | Stitch 2019, Cape Town (South Africa), Series B | Open banking API solutions for financial institutions | $109M | 55/100 | |
10th | Provider of open banking infrastructure and embedded finance solutions. It offers a platform enabling access to real-time financial data, facilitating seamless payments, and embedding financial services into various applications. The platform supports the development of innovative financial products and services, improving access to credit and financial management tools. Its services include Banking-as-a-Service (BaaS) capabilities, data analytics tools, and embedded finance solutions for businesses and institutions. The company focuses on building secure and scalable infrastructure to support the growth of the open finance ecosystem. | $57M | 55/100 |
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M2P Fintech's Latest cap tables and shareholding
Founders own 30.30%, Funds (largest shareholder) own 40.56%, Enterprises own 7.77% and Angels own 3.08%. The net worth of M2P Fintech's founders is INR 1,990Cr as of Dec 23, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative investment | Realised returns | Unrealised returns | Return multiple |
|---|---|---|---|---|---|---|
Founder | 30.30% | 1,990Cr | 2213403 | 9160110 | 2235301 | 4253372 |
2079538 | 5124380 | 2436276 | 5435988 | 8428399 | 1280314 | |
9117127 | 9749478 | 8931496 | 7049501 | 4613588 | 3882685 | |
2441473 | 1407438 | 2254077 | 7073899 | 6633090 | 7496302 | |
Fund | 40.56% | 2,660Cr | 9597145 | 9739931 | 8888990 | 9088435 |
0 | 0 | 0 | 0 | 0 | 0 | |
7 | 2 | 2 | 5 | 2 | 1 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 7.77% | 509Cr | 7948724 | 7905719 | 1425750 | 1734487 |
Angel | 3.08% | 201Cr | 432 | 190 | 804 | 285 |
Other People | 9.20% | 603Cr | 7974917 | 9054590 | 6012257 | 4961253 |
ESOP Pool | 8.99% | 589Cr | 9982483 | 5873827 | 5874218 | 6843600 |
Other Investors | 0.05% | 3.51Cr | 0 | 0 | 0 | 0 |
Total | 99.95% | 6,550Cr | 1645693 | 3742911 | 3215930 | 4026534 |
To unlock detailed Cap Table of M2P Fintech Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of M2P Fintech's Shareholding
M2P Fintech's Investments and acquisitions
Filter this listM2P Fintech has made 2 investments in companies including Finvu and LivQuik. M2P Fintech has also acquired 8 companies including Mad Street Den and Vue.ai. Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Mar 04, 2025 | Acquisition | 2015 | Redwood City, United States | |
Mar 04, 2025 | Acquisition | 2016 | Redwood City, United States | |
Dec 13, 2023 | Acquisition | 2016 | Delhi, India |
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Here is the latest report on M2P Fintech's sector:
News related to M2P Fintech
Filter this listMedia has covered M2P Fintech for a total of 14 events in the last 1 year, 3 of them have been about company updates.
•
From Darwinbox To InsuranceDekho — Indian Startups Raised $386 Mn This WeekInc42•Mar 08, 2025•Darwinbox, Leap Scholar, InsuranceDekho, Swish and 37 others
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Banking infra firm M2P to acquire Chennai-based AI startup Mad Street DenMoneycontrol•Mar 04, 2025•M2P Fintech, Mad Street Den
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M2P Fintech To Buy Enterprise AI Platform Mad Street Den: ReportInc42•Mar 04, 2025•M2P Fintech, Mad Street Den, Vue.ai
•
•
Paytm Cloud Technologies to enter Brazil’s fintech market with $1M stake in Dinie parentYourStory•Feb 03, 2025•Paytm, Dinie, Enjoy Seven Technology, Razorpay and 6 others
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DMI Finance, M2P lead fintech funding in Q3'24; Peak XV, Y Combinator top investorsIndiatimes•Oct 15, 2024•DMI Finance, M2P Fintech, OnSurity, Peak XV Partners and 1 other
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FinTech Funding September 2024: Total $230 mln raised by Indian FinTechsIndiatimes•Oct 04, 2024•M2P Fintech, Helios, OnSurity, Creaegis and 1 other
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India’s M2P Fintech closes funding round after hitting $100mGulf News•Oct 01, 2024•M2P Fintech, Helios, Flourish
•
29 Indian startups secure $461 million last weekGreater Kashmir•Oct 01, 2024•M2P Fintech, Qure.ai, HomeLane
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