M2P Fintech

What M2P Fintech does

M2P Fintech is a Chennai-headquartered fintech infrastructure company founded in 2014 that provides API-first Banking-as-a-Service (BaaS) platform covering core banking, lending, and payments across 30+ countries. The company serves 200+ banks, 300+ lenders, and 800+ fintech engagements, processing 20+ billion transactions for 50+ million end customers. Named enterprise clients include State Bank of India, HDFC Bank, ICICI Bank, Paytm, Slice, Flipkart, and Meesho, with strategic partnerships spanning Visa, Mastercard, and regional banking institutions across MENA, Southeast Asia, and the Philippines. The company is preparing for a potential IPO in the coming years.

M2P's product portfolio is organized across four pillars: Banking (Turing core banking, debit cards, neobanking, Connect API orchestration), Lending (Core Lending Suite, Finflux loan origination/management, microfinance, debt collections, BNPL, credit line on UPI, alternative credit scoring), Payments (prepaid cards, cross-border payments, fleet management, UPI, merchant acquiring), and Value-Added Services (Recon360 reconciliation, KYC Suite via Syntizen, ACS, FRM & AML, rewards). The platform is architected as a modular, AI-native stack with 14+ named AI agents spanning fraud detection, customer service, compliance, underwriting, and document intelligence. M2P has executed seven acquisitions between 2021 and 2025 (Wizi, Origa.ai, BSG ITSOFT, Syntizen, Finflux, Goals101, Mad Street Den/Vue.ai) to vertically integrate capabilities across the financial services stack.

The company generates revenue through a hybrid model combining API/platform licensing (subscription and usage-based), transaction processing fees, implementation and professional services, and managed services. Enterprise contracts are typically annual with volume-based pricing, while mid-market fintech clients pay monthly subscription plus per-transaction fees. Pricing is quote-based and not publicly disclosed. M2P is headquartered in Chennai with offices in Mumbai, Bengaluru, Hyderabad, New Delhi, Abu Dhabi (MENA HQ), Dubai, Cairo, Jakarta, Manila, Ho Chi Minh City, and a Delaware-registered US entity. The company has raised over $200M from Tiger Global, Insight Partners, MUFG Innovation Partners, Helios Investment Partners, and others, reaching a valuation of $769M–$785M as of September 2024.

Name

M2P Fintech

Legal name

M2P Solutions Private Limited

Website

https://m2pfintech.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

M2P Fintech is an India-headquartered B2B fintech infrastructure provider offering API-first banking, lending, and payments platforms to 200+ banks, 300+ lenders, and 800+ fintech companies across 30+ countries, processing 20+ billion transactions.

Ownership category

akta.pro rank

Product category

Banking-as-a-Service Infrastructure

NAICS

Other Activities Related to Credit Intermediation (522390)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSAGALAE

Embedded Deposit Accounts & Digital Wallet Infrastructure

Financial & Insurance/Financial Technology (Fintech)/Embedded Finance & Banking-as-a-Service (BaaS)

Keywords

• Banking-as-a-service
• Core banking API
• Lending infrastructure platform
• Embedded finance platform
• Payment orchestration API

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. API/Platform Licensing: Subscription and usage-based licensing fees for access to M2P's API infrastructure platform covering banking, payments, and lending modules. Clients include banks, fintechs, and financial institutions.
2. Transaction Processing: Transaction fees based on volume of payments, card transactions, and lending operations processed through the platform
3. Implementation & Professional Services: Custom integration, implementation, and consulting services for enterprise clients deploying M2P solutions
4. Managed Services: Ongoing managed services for card programs, compliance, and operational support

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

M2P Fintech provides an AI-native, API-first infrastructure platform that enables banks, lenders, fintechs, and enterprises to launch and operate banking, lending, payments, and card-issuance products. Its modular stack spans core banking (Turing), a Core Lending Suite, card issuance, payment orchestration (UPI, cross-border, merchant acquiring), and compliance modules (KYC, FRM & AML), with the platform serving more than 200 banks, 300+ lenders, and 800+ fintech engagements across 30+ countries.

Product overview

M2P Fintech operates as a unified Banking-as-a-Service (BaaS) platform providing API-first infrastructure for banking, lending, and payments. The platform follows a modular architecture combining a core platform (Turing Core Banking, Connect, Credit Cards, Prepaid Cards, UPI, Cross-Border Payments, Merchant Acquiring, Neobanking, Debit Cards) with specialized add-on modules (Core Lending Suite, Loan Origination/Management via Finflux, Microfinance, Debt Collections via Origa.ai, BNPL/Pay Later Plus, Credit Line on UPI, Surrogate, Corporate Credit Card). Supporting infrastructure includes KYC Suite (Syntizen), ACS, FRM & AML, Recon360, and Rewards. The company has made strategic acquisitions (Wizi, Origa.ai, Finflux, BSG ITSOFT, Syntizen, Goals101, Mad Street Den) to build comprehensive capabilities across the financial services stack, serving 800+ fintech engagements, 200+ banks, and 300+ lenders across 30+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• Turing: Core banking platform solution
• Connect
• Finflux
• Pay Later Plus
• Syntizen
• Vue.ai
• Goals101
• Origa.ai
• Recon360
• M2P Rewards
• Moonlight
• Better Half

Products and services

• Turing - Core Banking AI-native, API-first core banking platform that enables banks, fintechs and digital lenders to launch and operate retail and corporate banking products end-to-end.
• Debit Card Issuance End-to-end debit card issuance, processing and program management across Visa, Mastercard and RuPay networks for banks and fintechs.
• Credit Card Issuance White-label credit card issuance and processing platform for banks, NBFCs and fintechs, including underwriting, rewards and customer management.
• Corporate Credit Card API-based corporate credit card program for enterprises, including expense controls, multi-currency support, reconciliation and reporting.
• Prepaid Cards Prepaid card issuance, processing and program management for fintechs, employers, gifting, payroll and consumer use cases.
• Neobanking Platform API-based neobanking platform enabling brands and fintechs to offer branded digital bank accounts, deposits, payments and cards.
• Connect (Banking Integrations) Pre-built integrations and connectivity layer to banks, payment networks, KYC providers and bureau data sources for rapid onboarding.
• Core Lending Suite End-to-end lending infrastructure covering origination, decisioning, servicing, collections and partner enablement for lenders, NBFCs and fintechs.
• Loan Origination System (LOS) Digital loan origination platform for consumer, SMB and microfinance loans with automated underwriting, KYC and decisioning workflows.
• Loan Management System (LMS) Loan servicing platform covering repayment scheduling, collections, delinquency management and customer servicing for lender portfolios.
• Microfinance Platform Specialised microfinance infrastructure for NBFCs and MFIs, supporting group lending, JLG, KYC and field collections workflows.
• Debt Collections Platform Digital debt collections platform for lenders with multi-channel outreach, field collection workflows and recovery analytics.
• BNPL (Pay Later) Platform Buy-now-pay-later infrastructure enabling merchants and platforms to offer short-term credit at checkout with underwriting, repayment and risk management.
• Credit Line on UPI Infrastructure for issuing pre-sanctioned credit lines usable on the UPI rail, including disbursement, repayment and NPCI-compliant integrations.
• Cross-Border Payments API-based cross-border payments platform supporting remittances, FX, multi-currency accounts and payouts for enterprises and platforms.
• UPI Platform UPI payments infrastructure for banks and fintechs including P2P, P2M, intent and collect flows, with dispute and settlement management.
• Merchant Acquiring Solutions Merchant acquiring platform offering POS, QR, payment gateway and reconciliation services for acquirers, banks and large merchants.
• KYC Suite Digital KYC and identity verification suite including video KYC, OCR, document verification and fraud checks for onboarding flows.
• ACS (AI Compute Suite) AI infrastructure suite providing machine learning models and compute services for fraud, credit scoring, document AI and analytics.
• FRM & AML Fraud risk management and anti-money laundering platform with rules engine, transaction monitoring, sanctions screening and case management.
• Recon360 Automated reconciliation platform matching transactions across payment networks, banks, processors and internal ledgers for fintechs and banks.
• Rewards Platform Card-linked and merchant rewards platform with points, cashback, offers and engagement programs for banks and fintechs.
• Fleet Drive Fleet card and fuel management solution for enterprises and mobility platforms with spend controls, telematics and driver management.
• Pay Later Plus Extended BNPL and consumer credit product enabling merchants, lenders and platforms to offer installment credit at checkout.
• Surrogate Investment and wealth infrastructure product enabling digital brokers and platforms to offer trading, demat and investment services.
• Vue.ai AI-based behavioral intelligence and computer vision platform acquired from Mad Street Den, used for personalization, automation and analytics.

Quantifiable outcome

• Reduced time-to-market through pre-integrated modules and API-first architecture
• +2 more outcomes

Named customers24 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability11 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered core.

• VisacoreTechnology or Integration · 6 July 2026Visa Payment Passkey solution live in India with M2P as fintech partner. M2P supported launch enabling cardholders to authenticate online transactions using biometrics. Also partner for Visa Ready to Launch and rural bank card issuance programs.
• CTBC Bank (Philippines)coreTechnology or Integration · 17 November 2025Partnership with CTBC Bank and Visa to enable rural and thrift banks in Philippines to issue Visa debit cards, both physical and digital. Initiative addresses technical and regulatory challenges for financial inclusion in underserved regions.
• Mad Street Den (Acquired)coreStrategic or Co-development Partner · 4 March 2025AI startup acquired for $10-15 million including its full stack AI platform Vue.ai. Integration strengthens M2P's AI capabilities, boosting automation and data-first fintech growth strategy.
• Goals101 (Acquired)coreStrategic or Co-development Partner · 13 December 2023Transaction behavioral intelligence pioneer acquired for Rs 250 crore to expand M2P's capabilities for hyper-personalized solutions leveraging one of the fastest growing big data platforms in banking technology.
• Syntizen (Acquired)coreStrategic or Co-development Partner · 19 July 2022Identity verification provider acquired to enhance Aadhaar verification, KYC, and onboarding services for financial institutions. Integration strengthens digital identity capabilities.
• Finflux (Acquired)coreStrategic or Co-development Partner · 6 July 2022Cloud lending platform acquired to enhance digital lending offerings. Finflux brings workflow automation and expanded support for various lending products and markets.
• BSG ITSOFT (Acquired)coreStrategic or Co-development Partner · 1 June 2022Core banking platform company acquired to enhance capabilities for rolling out full digital bank with fully integrated banking and payments stack, integrated CBS and payments stack.
• Origa.ai (Acquired)coreStrategic or Co-development Partner · 30 September 2021AI-driven debt management platform acquired to enhance M2P's technology offerings for debt collection operations. Acquisition supports India's growth in consumption credit and digital lending.
• Wizi (Acquired)coreStrategic or Co-development Partner · 24 August 2021Credit card focused fintech acquired for ~$5 million to enhance M2P's programmable credit card platform. Wizi's team and digital credit card services integrated to support 'Card in a Box' proposition.

Scale indicators10 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Marqeta: Marqeta is a global card-issuing and payment-processing API platform serving fintechs and banks. It directly competes with M2P in API-first card issuance, lending rails, and BaaS-style infrastructure, and is the closest publicly traded analogue for M2P's core business.
• Razorpay: Razorpay is a leading Indian payments and banking infrastructure provider serving businesses and fintechs with payment gateway, payout, lending, and neobanking APIs. It directly overlaps with M2P's India-focused payments, card, and lending-infrastructure offerings.
• Plaid: Plaid provides account-aggregation and connectivity APIs that link bank accounts to fintech applications. Plaid is a direct peer to M2P's open-banking and connectivity layer (Connect platform, Syntizen KYC) and serves the same fintech customer base.
• Cashfree Payments: Cashfree is an Indian payments and banking-API provider offering payouts, collections, payment gateway, and lending disbursement APIs. It competes with M2P in payment orchestration, payouts, and disbursement infrastructure for banks and fintechs in India.
• Setu (Pine Labs): Setu, part of Pine Labs, offers India-focused Account Aggregator, BBPS, payments, and lending APIs to banks and fintechs. It overlaps directly with M2P's Connect orchestration, AA, and lending-disbursement infrastructure products.
• Zeta: Zeta is a banking technology platform providing core banking, card issuance, lending, and processing APIs for banks and fintechs. It directly competes with M2P's Turing core banking, card-issuance, and lending modules, particularly in India and the Middle East.

Broad incumbents

• Stripe: Stripe is a global payments infrastructure incumbent offering Stripe Issuing, Treasury, and embedded finance APIs. It competes with M2P's card-issuance and payments orchestration stack while serving many of the same enterprise and fintech customers.
• Adyen: Adyen is a global payments incumbent offering unified acquiring, processing, and embedded financial APIs. It competes with M2P's merchant-acquiring, cross-border payments, and payment-orchestration capabilities for enterprise merchants and platforms.
• Thought Machine: Thought Machine provides Vault Core, a cloud-native core banking platform for tier-1 banks globally. It competes with M2P's Turing core banking stack in digital transformation and core-modernisation deals for banks.

Emerging players

• Unit: Unit is a US-based embedded banking and BaaS provider offering deposit accounts, card issuance, and lending APIs. It is an emerging peer to M2P with similar target customers (fintechs and digital banks) and overlapping product surface.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/m2pfintech
• Facebookfacebook.com/m2pfintech
• LinkedInlinkedin.com/company/m2pfintech
• Instagraminstagram.com/m2pfintech

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries7 records

Funding overview

Funding rounds10 records

Investors22 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about M2P Fintech