Debt financing
Digital banking infra player M2P Fintech raises Rs.100-Cr from Alteria Capital
Chennai-based digital banking infrastructure company M2P Fintech has raised INR 100 crore in debt from Alteria Capital, structured for a three-year term.Founded in 2014 by Muthukumar A, Prabhu R, and Madhusudanan R, the company provides banking infrastructure, including lending, payments, and core banking software. M2P Fintech plans to use the new funds to finance its artificial intelligence infrastructure, including AI product development and computing capacity, such as token consumption. A portion of the proceeds will be used to refinance higher-cost debt raised in 2023.
Between Apr 2020 and Jun 2025, M2P Fintech had attracted about USD 219 M from 8i Ventures, Beenext, DMI Group, Flourish Ventures, Omidyar Network, Better Capital, Insight Venture Partners, MUFG Innovation Partners, Tiger Global, Avatar Growth Capital, Rainmatter Capital, SMBC Asia Rising Fund and others.
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