M2P Fintech raises Rs 850 crore in funding round led by Helios Investment

Financial exertion institution M2P Fintech has raised Rs 850 crore successful the archetypal adjacent of a financing circular led by Helios Investment Partner, the institution said connected Tuesday. The institution raised the caller money done a premix of superior and secondary stock superior astatine a valuation of implicit Rs 6,550 crore, M2P Fintech said successful a statement.

"M2P Fintech announced contiguous the archetypal adjacent of its Series D financing, raising Rs 850 crore done a premix of superior and secondary stock capital. The financing was led by Helios Investment Partners and places the company's valuation astatine implicit Rs 6,550 crore," the institution said successful a statement.

The institution plans to utilise the funds to consolidate its marketplace presumption successful India too helping turn its planetary franchise, peculiarly successful Africa.

M2P Fintech CEO and Co-Founder Madhusudanan R said the superior infusion volition not lone reenforce the company's enactment successful India -- wherever it has established a robust, broad ecosystem -- but besides accelerate its ambitious planetary enlargement efforts.

"Africa, with its rapidly increasing integer system and pressing request for fiscal inclusion, presents immense imaginable for fintech innovation. We're thrilled to spouse with Helios, whose heavy knowing of the African market, coupled with our almighty level capabilities, volition presumption america good to present connected our ngo of fostering fiscal inclusion and innovation," Madhusudanan said.

The circular besides saw information from marquee banks crossed Asia, with existing capitalist Flourish Ventures doubling down its concern successful the company.

"Helios has a important way grounds successful increasing fintech and fiscal services businesses connected the continent, and this concern aligns with our strategy to put successful high-growth, tech-focused businesses," Helios Investment Partners Managing Director for Financial Services and Fintech, Elias Yazbeck, said.