Debt Debt financing
Digital banking infra enabler M2P Fintech raises Rs.35-Cr from Anicut Capital
Chennai-based digital banking infrastructure company M2P Fintech has raised INR 35 crore debt from Anicut Capital. M2P will issue 350 NCD (non-convertible debentures) at an issue price of INR 10,00,000 to Anicut.Founded in 2014, M2P Fintech provides core banking cum loan management system stack; payment tools and embedded finance including value-added services for fintechs and banks.
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Between 2020 and 2022, M2P had raised over USD 100 M from MUFG Innovation Partners, Insight Venture Partners, Tiger Global, Visa, DMI Group, Flourish Ventures, DMI Group, Beenext, Omidyar Network, 8i Ventures, Better Capital and Others.