M2P Fintech, which enables businesses to embed financial products in their customer journeys, announced that it had secured $35 million in Series C financing. Tiger Global Management led the round, which valued the company at USD 335 million. Existing investors Beenext, Flourish Ventures, Omidyar Network India, 8i Ventures, Better Capital, and the DMI Group via its investment vehicle Sparkle Fund also participated in the round.
M2P plans to use the fresh funds to enhance its application programming interface (API) infrastructure capabilities and expand its reach beyond Asia. M2P’s platform powers some of the leading banks, fintechs, and consumer internet companies across Asia becoming the leading fintech enabler in the region.
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“Our immediate focus is to double down on growth in India and the expansion of our team in Dubai, where we have committed to invest more than AED 100 million over the next 18-24 months,” said Madhusudanan R, co-founder and CEO of M2P Fintech. “We are also aggressively pursuing organic and strategic opportunities that will strengthen our product capabilities to serve our customers better.”