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 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.
  • Aug 2021
    M2P Fintech Acquires Credit Card Focused Fintech, Wizi
    Hyper-personalized credit card offerings, “card in a box”, democratized credit card buying experience.
  • Aug 2021
    M2P Fintech Acquires Origa.ai. A Next-Gen Full-Service Technology Platform
    Intuitive repayment analytics, full stack omnichannel collection capability, improved collections management operations.
  • October 2021
    Series C Funding
    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.
  • Feb 2022
    M2P Fintech Acquires Core Banking Platform Company, BSG ITSOFT
    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
    Fully integrated banking stack, future-ready KYC onboarding services, e-KYC/Video KYC solutions, Aadhaar-based identification.
  • July 2022
    M2P Fintech Acquires Cloud Lending Platform, Finflux
    Enhancing digital lending capabilities, next generation digitization, workflow automation, innovative lending products.