Private Equity PE Fund Investments
M2P Fintech raises $56-M from Insight Partners, Tiger Global, others
Chennai-based M2P Fintech (formerly Yap), which provides API infrastructure solutions for banks mainly in Asia, has raised USD 56 million in a C1 series round led by Insight Partners. The Mitsubishi Group's MUFG Innovation Partners participated in the round, along with existing investors Tiger Global and Better Capital.
Last October, M2P had raised USD 35 million in a Tiger Global-led Series C round. The firm offers tech connecting fintech companies, banks and merchants with credit and prepaid cards, along with a suite of neobanking solutions.
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From the Venture Intelligence PE-VC Deal Database: Between Apr-20 and Oct-21, M2P Fintech raised $49-M from 8i Ventures, Flourish Ventures, DMI Group, Beenext, Omidyar Network, Tiger Global, Beenext, Omidyar Network, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)