About M2P Fintech
M2P Fintech is a company based in Chennai (India) founded in 2014 by Prabhu Rangarajan, Muthukumar Ayyakkannu, and Madhusudanan Rangarajan. M2P Fintech has raised $187.79 million across 11 funding rounds from investors including Visa, Angel List and MUFG Bank. The company has 1,144 employees as of May 31, 2025. M2P Fintech has completed 8 acquisitions, including BSG, Finflux and Goals101. M2P Fintech offers products and services including Turing (Core Banking), Debit Cards, Neobanking Connect, Loan Origination System (Finflux), and Prepaid Cards. M2P Fintech operates in a competitive market with competitors including Zeta, Falcon, NeoKred, Digiasia and Prime Trust, among others.
- Headquarter Chennai, India
- Employees 1144 as on 31 May, 2025
- Founders Prabhu Rangarajan, Muthukumar Ayyakkannu, Madhusudanan Rangarajan
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
$47.29 M (USD)-20as on Mar 31, 2024
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Net Profit
-$16.13 M (USD)1as on Mar 31, 2024
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EBITDA
-$10.61 M (USD)20as on Mar 31, 2024
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Total Equity Funding
$187.79 M (USD)
in 11 rounds
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Latest Funding Round
$3.52 M (USD), Series D
Jun 30, 2025
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Investors
Visa
& 46 more
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Employee Count
1144
as on May 31, 2025
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Investments & Acquisitions
BSG
& 7 more
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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.
Provides core banking system for user accounts and compliance
Enables issuance of branded physical and virtual cards
Facilitates digital banking experiences for customers
Manages loan processes and credit line extensions
Offers prepaid card programs for financial transactions
Handles global payment requirements securely
Automates customer onboarding and regulatory checks
Provides reconciliation for financial transactions
People of M2P Fintech
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Funding Insights of M2P Fintech
M2P Fintech has successfully raised a total of $187.79M across 11 strategic funding rounds. The most recent funding activity was a Series D round of $3.52 million completed in June 2025. 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.
Investors in M2P Fintech
M2P Fintech has secured backing from 47 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Visa, Angel List and MUFG Bank.
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Private equity investments are managed across multiple sectors by Helios.
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Investor details for M2P Fintech
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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.
Investment portfolio details for M2P Fintech
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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App-based platform for credit card bill payments
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Locked | Locked | 2019 | Locked | |
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Debt recovery platform is operated via marketplace partners.
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Locked | Locked | 2018 | Locked | |
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Business intelligence solutions for banks
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Locked | Locked | 2016 | Locked |
Complete acquisition details for M2P Fintech
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Financial Statements - M2P Fintech
Detailed financials for M2P Fintech
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M2p Fintech Comparisons
Peer comparison for M2P Fintech
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Competitors of M2P Fintech
M2P Fintech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta, Falcon, NeoKred, Digiasia and Prime Trust, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment and banking solutions are provided to users and banks.
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A cloud-native platform is provided for next-generation financial products.
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Provider of open banking and payment infrastructure for digital finance solutions
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Financial technology solutions for payments, lending, and remittances are offered.
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Cloud-based AML and banking API solutions are provided for institutions.
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Detailed competitors of M2P Fintech
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Latest news on M2p Fintech
Complete news archive for M2P Fintech
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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 current CEO of M2P Fintech. They have also founded this company.
M2P Fintech is a funded company, having raised a total of $187.79M across 11 funding rounds to date.
As of May 31, 2025, the latest employee count at M2P Fintech is 1,144.
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 offers Turing (Core Banking), Debit Cards, Neobanking Connect, Loan Origination System (Finflux), and 4 more products and services.
M2P Fintech has 47 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.