M2P Fintech

M2P Fintech, established in 2014, provides API infrastructure that enables businesses to embed financial services. The company was founded in Chennai, India, by Madhusudanan Rangarajan, Muthukumar Ayyakkannu, and Prabhu Rangarajan, who envisioned a more accessible financial technology landscape. The founders brought together extensive experience from leading global firms in finance and technology; Madhusudanan had prominent roles at Visa and Citibank, Muthukumar managed technology at PayPal and Visa, and Prabhu drove technology projects at Cognizant and Verizon.

The firm operates on a Banking-as-a-Service (BaaS) model, acting as a technology layer between banks, non-banking financial companies (NBFCs), and fintech firms. This allows clients to launch financial products without needing their own banking licenses, significantly reducing market entry time. M2P Fintech's revenue is generated through diverse streams, including API usage fees, payment infrastructure contracts, and card processing services. The company serves a broad client base that includes over 300 banks, 100+ NBFCs, and more than 800 fintech companies across more than 20 markets in Asia, the Middle East, and North Africa.

M2P Fintech delivers a comprehensive suite of solutions through its API platform. Its product portfolio covers banking, lending, and payments. Banking solutions include core banking systems, debit card issuance, and neobanking functionalities. In the lending space, the company provides tools for credit card issuance, Buy Now, Pay Later (BNPL) services, loan origination and management systems, and credit lines on UPI. Payment services encompass prepaid cards, cross-border payments, fleet management solutions, and merchant acquiring. The platform also offers value-added services such as KYC verification, fraud and risk management, AML compliance, and reconciliation. A key feature is its ability to let businesses co-create and customize workflows using plug-and-play solutions to roll out branded financial products.

The company's journey began as a bootstrapped Payment as a Service (PaaS) provider. A significant milestone was the launch of its first prepaid card BIN sponsorship program with DCB Bank in 2015. M2P Fintech has expanded its global presence with headquarters in Abu Dhabi for the MENA region and a presence in countries like the UAE, Egypt, Indonesia, and the Philippines. The company has secured significant funding over several rounds, including a Series D round of $70 million in September 2024, to fuel its technological enhancement and market expansion. Keywords: API infrastructure, Banking-as-a-Service, BaaS, fintech enablement, payment solutions, lending solutions, embedded finance, core banking, card issuance, BNPL, cross-border payments, neobanking, loan management systems, fraud management, KYC, AML compliance, digital payments, financial infrastructure, open banking, Madhusudanan Rangarajan, Muthukumar Ayyakkannu, Prabhu Rangarajan