Our Story

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.

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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 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.

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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@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.