Private Equity

Liquidity Events

M2P Fintech acquires collections focused SaaS platform Origa.ai

Business Line  

Chennai-based M2P Fintech, formerly known as Yap, has acquired Origa.ai – a Bengaluru-based Software as a service (SaaS) technology platform that allows both fintech and traditional lenders to manage their collection operations and repayment analytics through intuitive analytics. (Last week, M2P Fintech acquired Chennai-based credit card management platform Wizi.) M2P is an Application Programming Interface (API) infrastructure company that helps businesses to connect and roll out their own branded products. It works with banks and financial institutions as a product provider offering end-to-end programme management services over a bundle of APIs.

From the Venture Intelligence PE-VC Deal Database: In Jul-2019, Origa.ai had raised seed funding from Emphasis Ventures and Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)