FUNDING | Indian Fintech, M2P, Raises Over $100 Million to Expand Across Africa, One of its Fastest-Growing International Markets

2025-12-25 07:41:06

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Helios Investment Partners (“Helios”), a leading Africa-focused private equity firm, has led a $102 million Series D funding round of primary and secondary share capital in India’s M2P Fintech (“M2P”).

According to Helios, M2P is a fast-growing full-stack Banking as a Service (BaaS) and Infrastructure API provider that caters to the banking, fintech, and non-financial services sectors. The fintech will leverage Helios’ investment and operational expertise in its ongoing expansion plans across Africa.

M2P was founded in 2014 and headquartered in Chennai, India. It provides a cloud-native full-stack platform that offers next-generation financial services technology to:

200+ banks
300+ lenders, and
800+ fintech engagements

serving over 50+ million end users.

M2P counts Africa as one of its fastest-growing international markets, fuelled by rapid fintech innovation, financial inclusion, and banking digitization.

The African Banking as a Service (BaaS) and infrastructure API market remains under-developed, with a limited availability of modern providers capable of delivering solutions to both large financial institutions and fintechs, says Helios.

Moreover, most providers are currently single-region or single-product focused, offering M2P a significant opportunity for market penetration based on the breadth of its product offering and its growing geographic footprint.

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