We endeavor to embed fintech in customer journeys of every business. On this journey, we have faced struggles, triumphs, breakthroughs and everything in between.
Everything good brews over tea, so did we. Madhu & Muthu set out to revolutionize the fintech ecosystem that had just reached India's shores.
The Trio is Complete
Prabhu joined the group and M2P was founded.
M2P Solutions Registered
M2P Solutions Pvt. Ltd. became official on Nov 14, 2014.
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.
Partnered with DCB Bank
First prepaid card BIN sponsorship program with DCB bank.
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.
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.
Launched Prepaid Card Programs
Prepaid card programs went live with Visa, Mastercard and RuPay and started powering white label wallets for our partner banks.
Built our Exhaustive, In-house Tech Capabilities
Focused on strengthening our in-house tech stack.
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.
Launched White Label Travel Card
Introduced multi-currency wallets with 24 popular currencies to ease international travel needs.
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.
Raised $13,37,000 from Amrish Rau, Kunal Shah, and other angel investors.
The COVID outbreak saw many economies experience a surge in cashless payments.
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.
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.
Built Complete neobanking Stack
Took on an embedded finance avatar and partnered with India's first neobank as the technology partner.
Launched in MENA
1. Launched in MENA region, with regional HQ at Abu Dhabi. 2. Doubled our workforce during the pandemic.
Series B Fundraise
Continued expansion to new geographies and raised Series B $10 million.
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.
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.
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.