Our Story

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 revolutinize 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 payment 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.

  • 2016

    Launched Prepaid Cards 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 Australsia 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.

    Published by

    • yourstory
  • 2020

    COVID-19 Pandemic

    The COVID outbreak saw many economies experience a surge in cashless payments.

    Published by

    • dh
  • 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 Neo-Bank 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.

    Published by

  • 2021

    Series B Fundraise

    Continued expansion to new geographies and raised Series B $10 million.

    Published by

  • 2021

    Built Buy Now Pay Later Solution for New-age Consumers with Pay@ease.

    Launched Buy Now Pay Later for the new-age online shoppers with Pay@ease 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, tokenisation, credit cards, and other services to banks, fintechs, businesses in the region.

  • 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.

To be