M&A

M&A

API-infra co M2P Fintech acquires cloud lending platform Finflux

Business Line  

Chennai-based M2P Fintech, an API (Application Programming Interface) infrastructure company, has acquired Bengaluru-based Finflux, a cloud lending platform. The deal will enable M2P Fintech to accelerate the adoption of digitisation, workflow automation and roll out of lending products that are cloud-ready. This is M2P's fourth acquisition after Wizi, Origa and BSG IT soft. The value of the deal is estimated to be in the range of USD 15-20 million in cash and stock. Finflux offers loan origination, loan management, co-lending, Buy Now Pay Later (BNPL), marketplace integration, app-based lending, alternative data-based credit scoring, and analytics.