M2P Fintech Secures Rs 850 Crore in First Close of Series D Funding

M2P Fintech has successfully raised Rs 850 crore in the first close of its Series D financing round led by Helios Investment Partner. The funds, raised through a mix of primary and secondary share capital, will be used to strengthen its market position in India and expand its international franchise, particularly in Africa.

M2P Fintech has successfully raised Rs 850 crore in the first close of its Series D financing round, the company announced on Tuesday. Helios Investment Partner led the financing round, with funds being raised through a mix of primary and secondary share capital at a valuation of over Rs 6,550 crore.

The capital will be utilized to reinforce the company's market position in India and support its international expansion plans, especially in Africa. The CEO and Co-founder, Madhusudanan R, emphasized the significant potential for fintech innovation in Africa's rapidly growing digital economy.

The funding round also attracted participation from prominent banks across Asia. Helios Investment Partners has a robust track record in expanding fintech businesses in Africa, aligning well with M2P Fintech's strategic ambitions for high-growth and tech-focused investments.

(With inputs from agencies.)