M2P Fintech

Chennai, India Founded: 2014 • Age: 12 yrs Minicorn
Banking, lending, and payment solutions are provided via custom APIs.

About M2P Fintech

M2P Fintech is a Financial Services company based in Chennai (India) founded in 2014 by Prabhu Rangarajan, Muthukumar Ayyakkannu, and Madhusudanan Rangarajan. Banking, lending, and payment solutions are provided via custom APIs. M2P Fintech has raised $187.79 million across 12 funding rounds from investors including Visa, Angel List and MUFG Bank. The company has 1,144 employees. M2P Fintech has completed 8 acquisitions, including BSG, Finflux and Goals101. M2P Fintech was last valued at $544.37 million in July 2024. Its chief executive, as recorded, is Madhusudanan Rangarajan. Its website m2pfintech.com draws about 1.8 million monthly visits. M2P Fintech offers products and services including Turing (Core Banking), Debit Cards, Neobanking Connect, Loan Origination System (Finflux), and Prepaid Cards. Its focus areas include FinTech, Banking Tech, Open Banking and Banking APIs. Its competitors include Falcon, NeoKred and AuthBridge; 3 of its 3 listed competitors have raised funding.

Company details

M2P Fintech was established in 2014 in Chennai, India, within the fintech sector. Custom APIs are utilized to deliver banking solutions, including core banking, debit cards, and neobanking. Lending options encompass credit cards, buy-now-pay-later, loan origination systems, microfinance, and UPI-based credit lines. Payment services cover prepaid cards, cross-border transactions, fleet management, UPI, and merchant acquiring. Additional services include reconciliation, KYC processes, fraud risk management, AML compliance, and rewards programs.

  • Headquarters Chennai, India
  • Employees 1,144
  • Founders Prabhu Rangarajan, Muthukumar Ayyakkannu, Madhusudanan Rangarajan
  • Stage Minicorn
  • Sectors
    Financial Services
  • Website category Finance · Investing
  • Email
    ••••••••
  • Website m2pfintech.com
  • Social LinkedIn X Facebook Instagram
Key Metrics
  • Annual Revenue
    $47.29 M (USD)
    -20
    as on Mar 31, 2024
  • Net Profit
    -$16.13 M (USD)
    1
    as on Mar 31, 2024
  • EBITDA
    -$10.61 M (USD)
    20
    as on Mar 31, 2024
  • Total Equity Funding
    $187.79M (USD)

    in 12 rounds

  • Latest Funding Round
    $10.5M (USD), Debt – Conventional

    Aug 2026

  • Investors
    Visa

    & 47 more

  • Employee Count
    1,144
  • Investments & Acquisitions
    BSG

    & 7 more

Products & Services of M2P Fintech

M2P Fintech offers a comprehensive portfolio of products and services, including Turing (Core Banking), Debit Cards, Neobanking Connect, Loan Origination System (Finflux), and Prepaid Cards.

Turing (Core Banking)
Banking Software

Provides core banking system for user accounts and compliance

Debit Cards
Payment Solutions

Enables issuance of branded physical and virtual cards

Neobanking Connect
Banking Services

Facilitates digital banking experiences for customers

Loan Origination System (Finflux)
Lending Software

Manages loan processes and credit line extensions

Prepaid Cards
Payment Tools

Offers prepaid card programs for financial transactions

Cross-Border Payments
International Payments

Handles global payment requirements securely

KYC Suite (Syntizen)
Compliance Tools

Automates customer onboarding and regulatory checks

Recon360
Reconciliation Services

Provides reconciliation for financial transactions

Funding Insights of M2P Fintech

M2P Fintech has successfully raised a total of $187.79M across 12 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $10.5 million completed in August 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $187.79M
  • Total Rounds 12
  • Last Round Debt – Conventional — $10.5M
  • First Round $1.4M

    (Feb 2020)

  • Investors Count 48

Latest 10 of 12 funding rounds of M2P Fintech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Aug 2026$10.5MDebt – Conventional––
Jun 2025$3.52MSeries D––
Sep 2024$70MSeries D–Helios, SMBC Asia Rising Fund
Jul 2024$836,094Series C$544.37MAnicut Capital
–
Apr 2024$4.2MDebt – Conventional––
Dec 2023$2.4MSeries C$546.22M–
Sep 2022$4.14MSeries C$•••••Visa
Jan 2022$56MSeries C$•••••Insight Partners
Oct 2021$35MSeries C$•••••Tiger Global Management
Feb 2021$10MSeries B$•••••Flourish, Omidyar Network India
Valuation history
DateValuationStage
Jul 2024$544.37M••••••••
Dec 2023$546.22M••••••••
Sep 2022$•••••••••••••
Jan 2022$•••••••••••••
Oct 2021$•••••••••••••
Feb 2021$•••••••••••••
Mar 2020$•••••••••••••
Feb 2020$•••••••••••••
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Last known valuation $544.37M (Jul 2024). 48 investors in total: 30 institutional and 18 angel.

Investors in M2P Fintech

M2P Fintech has secured backing from 48 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Visa, Angel List and MUFG Bank.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Private equity investments are managed across multiple sectors by Helios.
2004heliosinvestment.comLondon, United Kingdom
Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
flourishventures.comRedwood City, United States
Early-stage tech startups in fintech and lending are invested in.
smbc-asiarising.vcSingapore, Singapore
Indian fund focused on fintech, health, and climate initiatives.
rainmatter.comBengaluru, India
Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India.
2015anicutcapital.comChennai, India
Venture capital firm that partners with entrepreneurs for product-first companies.
2006nexusvp.comMenlo Park, United States
Early-stage venture capital investing in consumption and technology sectors in India.
2016sproutvp.comBengaluru, India
Investment in technology solutions for finance sectors such as lending and insurance.
2017dmisparklefund.inNew Delhi, India
Venture capital funding is provided to innovative startups in India.
Mumbai, India
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Investor details for M2P Fintech

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Board of directors of M2P Fintech

The boards of the 3 registered companies of M2P Fintech currently have 9 directors; the longest-serving is Srinivasan Radhika, appointed in 2014. 25 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Srinivasan Radhika
DIN 06993566
Director14 Nov 201411 yrs 11 moM2p Solutions Private Limited
Apoorva Goyal
DIN 09480604
Nominee Director19 Feb 20224 yrs 8 moM2p Solutions Private Limited
Amol Warange
DIN 08730398
Nominee Director01 Oct 20224 yrs 1 moM2p Solutions Private Limited
Rangarajan Madhusudanan
DIN 06992744
Director11 Dec 20232 yrs 10 moGoals101 Data Solutions Private Limited, Conflux Technologies Private Limited, M2p Solutions Private Limited
Prabhu Rangarajan
DIN 07381819
Director11 Dec 20232 yrs 10 moGoals101 Data Solutions Private Limited, Conflux Technologies Private Limited, M2p Solutions Private Limited
Muthukumar Ayyakkannu
DIN 07381905
Director11 Dec 20232 yrs 10 moGoals101 Data Solutions Private Limited, Conflux Technologies Private Limited, M2p Solutions Private Limited
Elias Yazbeck
DIN 10694585
Director25 Sep 20242 yrs 1 moM2p Solutions Private Limited
Nitin Kaul
DIN 01718619
Director07 Feb 20251 yr 9 moM2p Solutions Private Limited
Anuradha Ramachandran
DIN 01983108
Nominee Director01 Dec 202511 moM2p Solutions Private Limited

People of M2P Fintech

136 people are tracked at M2P Fintech (54 in leadership, 82 in team); the tracked headcount is 1,144.

NameRoleGroup
Co-FounderLeadership
Co-Founder & CTOLeadership
Co-Founder & CEOLeadership
aakriti kakkar
Vice PresidentLeadership
Boney M.
Deputy Vice President- International ExpansionLeadership
Abhinav Lanjewar
Deputy Vice President - Business DevelopmentLeadership
Shaik Sohail
Vice PresidentLeadership
Tulsidas Ankam
Associate Vice President - Business DevelopmentLeadership
Kishor Chejerla
Deputy Vice PresidentLeadership
Sugam Kapoor
Deputy Vice PresidentLeadership
Rajakannan R
Deputy Vice PresidentLeadership
Vaanathi Mohanakrishnan
Business Head - MEALeadership
Srinivas Gollapudi
Director - Product ManagementLeadership
Viswanathan G
Vice President Of Product ManagementLeadership
Arti Mandalia
Deputy Vice PresidentLeadership
Tejeswini Srinivas
Associate Vice President Key Account ManagementLeadership
Karthick Ponnuchamy
Deputy Vice PresidentLeadership
Naren Viswanath
Associate Vice PresidentLeadership
Akshay Chopra
Deputy Vice PresidentLeadership
Tarun Jain
Director - Product SolutionsLeadership

116 more people are available in the full profile.

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Financials of M2P Fintech

Figures of Goals101 Data Solutions Private Limited, the primary company behind M2P Fintech, for FY 2025. Revenue was ₹4.37 Cr (-7% year on year). Net loss was -₹13.93 Cr (-319% margin). EBITDA was -₹12.78 Cr (-293% margin). Revenue has grown at a compounded annual rate of -7% over three years and +9% over five years.

  • ₹4.37 CrRevenue · FY 2025 · -7% YoY
  • -₹13.93 CrNet loss · -319% margin
  • -₹12.78 CrEBITDA · -293% margin
  • ₹1.8 LakhPaid-up capital
  • 23Employees (provident fund records)
  • -7%Revenue CAGR, 3 years
  • +9%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Goals101 Data Solutions Private Limited are on its company page.

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Investments & Acquisitions by M2P Fintech

M2P Fintech has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include BSG, Finflux and Goals101.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
AI powered data orchestration platform
vue.aiRedwood, United States2016Mar 2025••••
Computer vision and AI-based visual search solutions are provided.
madstreetden.comRedwood, United States2015Mar 2025••••
Business intelligence solutions for banks
goals101.aiDelhi, India2016Dec 2023$29.98M
Customer onboarding and identity authentication solutions are provided for businesses.
syntizen.comHyderabad, India2014Jul 2022••••
Cloud-based lending solutions are offered for banking and finance sectors.
finflux.coBengaluru, India2010Jul 2022$20M
Cloud-based core banking solution
bsg.ind.inMumbai, India2010Feb 2022••••
Debt recovery platform is operated via marketplace partners.
origa.aiBengaluru, India2018Sep 2021••••
App-based platform for credit card bill payments
wizi.appChennai, India2019Sep 2021••••
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Timeline of M2P Fintech

12 dated milestones of M2P Fintech across 12 years, from founding to its latest funding, stage changes and deals.

  1. Founded M2P Fintech is founded.
  2. Funding First funding round of $1.4M.
  3. Milestone Reaches Minicorn status.
  4. Acquisition Acquires Wizi.
  5. Acquisition Acquires Origa.ai.
  6. Acquisition Acquires BSG.
  7. Acquisition Acquires Finflux.
  8. Acquisition Acquires Syntizen.
  9. Acquisition Acquires Goals101.
  10. Acquisition Acquires Mad Street Den.
  11. Acquisition Acquires Vue.ai.
  12. Funding Latest funding round, Debt – Conventional, of $10.5M.

Competitors of M2P Fintech

M2P Fintech has 3 listed competitors in our database, 3 of them funded. They include Falcon, NeoKred and AuthBridge.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
falconfs.com2012Gurugram, India$9.2M78
A cloud-native platform is provided for next-generation financial products.
neokred.tech2019Bengaluru, India$1.13M101
Provider of open banking and payment infrastructure for digital finance solutions
authbridge.com2005Gurugram, India$11.2M1,017
Identity verification, employee screening, and due diligence platforms are provided.
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Web traffic of M2P Fintech

The website of M2P Fintech (m2pfintech.com) receives about 1.8M visits a month and ranks #31,949 among all websites worldwide, #2,038 in Investing.

  • Monthly visits
    1.8M

    ▲ 16.3% vs previous month

  • Unique visitors
    837.2K

    per month

  • Global rank
    #31,949

    among all websites

  • Category rank
    #2,038

    Finance · Investing

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groww.in
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screener.in
screener.in
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#1,968–
angelone.in
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••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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Frequently Asked Questions about M2P Fintech

M2P Fintech was founded in 2014 and raised its 1st funding round 6 years after it was founded.

M2P Fintech is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.

Madhusudanan Rangarajan is the CEO of M2P Fintech, as recorded in our data. They have also founded this company.

M2P Fintech is a funded company, having raised a total of $187.79M across 12 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Feb 2020.

M2P Fintech has 1,144 employees.

Annual revenue of M2P Fintech is $47.29M as on Mar 31, 2024.

M2P Fintech was established in 2014 in Chennai, India, within the fintech sector. Custom APIs are utilized to deliver banking solutions, including core banking, debit cards, and neobanking. Lending options encompass credit cards, buy-now-pay-later, loan origination systems, microfinance, and UPI-based credit lines. Payment services cover prepaid cards, cross-border transactions, fleet management, UPI, and merchant acquiring. Additional services include reconciliation, KYC processes, fraud risk management, AML compliance, and rewards programs.

M2P Fintech's top competitors include Falcon, NeoKred and AuthBridge.

M2P Fintech offers Turing (Core Banking), Debit Cards, Neobanking Connect, Loan Origination System (Finflux), and 4 more products and services.

M2P Fintech has made 8 acquisitions, including BSG, Finflux, and Goals101.

M2P Fintech has 48 investors. Key investors include Visa, Angel List, MUFG Bank, Bank Muscat, and DMI Finance.

The valuation of M2P Fintech is $544.37M as of Jul 2024.

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