We endeavor to embed fintech in customer journeys of every business. On this journey, we have faced struggles, triumphs, breakthroughs and everything in between.
2014
Start-Up Chai
Everything good brews over tea, so did we. Madhu & Muthu set out to revolutionize the fintech ecosystem that had just reached India's shores.
2014
The Trio is Complete
Prabhu joined the group and M2P was founded.
2014
M2P Solutions Registered
M2P Solutions Pvt. Ltd. became official on Nov 14, 2014.
2015
The Bootstrap Journey Begins: M2P started as Payment as a Service (PaaS)
M2P was launched to leverage the network effect and build a future for mobile payments.
2015
Partnered with DCB Bank
First prepaid card BIN sponsorship program with DCB bank.
2015
Launched Digital Payments Product for Cashless Gold Loan Disbursement
Parterned with leading NBFCs like IIFL, Muthoot and India Infoline to launch digital payments model for cashless gold loan disbursement.
2015
Launched Small-ticket Loans Disbursement using Digital Payments
Became the platform of choice for many leading NBFCs like Madura Micro Finance, Belstar, SKS Microfinance (now Bharat Financial Inclusion), Utkarsh Micro Finance and others in the country.
2015
Launched Prepaid Card Programs
Prepaid card programs went live with Visa, Mastercard and RuPay and started powering white label wallets for our partner banks.
2016-17
Built our Exhaustive, In-house Tech Capabilities
Focused on strengthening our in-house tech stack.
2017-18
Diversified our Product Offerings
Added more capabilities in our product stack to Unified Payments Interface (UPI), National Electronic Toll Collection (NETC), Near Field Communication (NFC), Host Card Emulation (HCE), and Bharat QR.
2018-19
Launched White Label Travel Card
Introduced multi-currency wallets with 24 popular currencies to ease international travel needs.
2019-20
Ventured into Credit Based Solutions with Credit Card Stack and Launched Remittance Product
M2P went global with an active presence in GCC, SEA, South Asia and Australasia region with our cross-border payments capabilities. Launched a new product- A customized credit card stack for consumer, corporate & SME.
2020
Seed Fund
Raised $13,37,000 from Amrish Rau, Kunal Shah, and other angel investors.
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2020
COVID-19 Pandemic
The COVID outbreak saw many economies experience a surge in cashless payments.
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2020
Series A Fundraise
Raised $4.50 million from Beenext along with 8i Ventures Fund, DMI Group, Better Capital, and angel investors including Alok Mittal, Ashneer Grover, Amrish Rau, and Jitendra Gupta.
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2020
Partnered with SBM Bank, India
Started powering all products for SBM Bank including neobanking, credit cards, etc. and became the bank's switching partner when it launched remittance and cross-border payments product with Mastercard.
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2020
Built Complete neobanking Stack
Took on an embedded finance avatar and partnered with India's first neobank as the technology partner.
2020
Launched in MENA
1. Launched in MENA region, with regional HQ at Abu Dhabi. 2. Doubled our workforce during the pandemic.
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2021
Series B Fundraise
Continued expansion to new geographies and raised Series B $10 million.
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2021
Built Buy Now Pay Later Solution for New-age Consumers with Pay Later Plus
Launched Buy Now Pay Later for the new-age online shoppers with Pay Later Plus and its merchant plugins.
2021
VISA-Ready Certified in MENA
M2P gets visa-ready certification and expands its base in the MENA region, offering instant issuance, tokenization, credit cards, and other services to banks, fintechs, businesses in the region.
Secured $35 million in Series C funding, the round was led by Tiger Global Management and existing investors such as Beenext, Flourish Ventures, Omidyar Network India, 8i Ventures, Better Capital and the DMI Group participated in the round.
Jan 2022
Series C1 Funding
Received $56 million in Series C1 funding from Insight Partners & MUFG Innovation Partners and existing investors - Tiger Global, Better Capital, Beenext, Flourish Venture, Omidyar Network India, 8i Ventures, and the DMI Group via its investment vehicle, Sparkle Fund.
Enhanced capabilities to roll out a full digital bank, fully integrated banking & payments stack, integrated CBS & payments stack, emerging use cases around blockchain.
April 2022
M2P Fintech Acquires Regtech & Digital Identity Provider, Syntizen
