Helios leads $100m fintech investment
Helios leads $100m fintech investment
Helios Investment Partners has led a $100 million Series D funding round for M2P Fintech.
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Africa-focused private investment firm Helios Investment Partners has led a $100 million Series D funding round for M2P Fintech (M2P). The company is a rapidly growing regional provider of full-stack banking-as-a-service (BaaS) and infrastructure APIs serving the banking, fintech, and non-financial services sectors. Helios' investment will support M2P’s continued international expansion, with a particular emphasis on Africa.
Founded in 2014 and headquartered in Chennai, India, M2P offers next generation financial services technology to 200+ banks, 300+ lenders, and 800+ fintech engagements serving over 50+ million end users.
Beyond its client base in India, M2P has built a strong regional presence in over 30 markets across the Asia Pacific, MENA and Oceania regions.
Africa is one of the fastest growing of M2P’s international markets. The African BaaS and infrastructure API market remains underdeveloped, with a limited availability of modern providers capable of delivering solutions to both large financial institutions and fintechs. Moreover, most providers are currently single-region or single product focused, offering M2P a significant opportunity for market penetration based on the breadth of its product offering and its growing geographic footprint.
Helios has backed a number of financial services and fintech businesses across the continent, including Fawry, Interswitch, Tpay, and Thunes.
Elias Yazbeck, managing director for financial services and fintech at Helios Investment Partners commented: “We are very excited to have M2P join Helios’ strong financial services and fintech portfolio. We believe M2P is ideally positioned to not only grow rapidly but also be a force driving financial inclusion and enabling infrastructure innovation and digital disruption in a meaningful manner across the continent.”
Madhusudanan R, co-founder and CEO of M2P Fintech said: “As the world's largest banking-as-a-service provider, this capital infusion will not only reinforce our leadership in India – where we've established a robust, comprehensive ecosystem – but also accelerate our ambitious global expansion efforts. Africa, with its rapidly growing digital economy and pressing need for financial inclusion, presents immense potential for fintech innovation. We're thrilled to partner with Helios, whose deep understanding of the African market, coupled with our powerful platform capabilities, will position us well to deliver on our mission of fostering financial inclusion and innovation.”
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