Sat. Oct 1st, 2022

Fintech SaaS startup M2P Finflux, a cloud lending platform located in Bengaluru, has been purchased by fintech. Following the purchase of two fintech businesses in September 2021, M2P now has three acquisitions under its belt.

The startup withheld information about the deal’s financials.

With the purchase of Finflux, M2P will provide new loan products while accelerating the use of digitization and workflow automation.

The buy now pay later (BNPL), marketplace integration, app-based lending, optional data-based credit rating, and analytics are just a few of the features that are available through Finflux’s cloud lending platform.

The Bengaluru-based business also offers customizable approvals, tiered market-checkers, adjustable underwriting rules, and process automation based on rules. More than 12 million borrowers and more than 60 clients from 15 different countries are served by Finflux.

The CEO and creator of Finflux, Nayan Ambali, expressed his excitement about joining the M2P team. We go one step closer to our goal of empowering 100 million borrowers with this transaction. We will be able to reach a larger market, grow into more regions, and develop novel technological product experiences thanks to M2P’s network and resources.

Madhusudanan R, Muthukumar A, and Prabhu R founded M2P Fintech in 2014, a fintech SaaS firm that offers businesses fintech API solutions. By working with banks and NBFCs, these solutions allow companies to include embedded financing into their goods. Serving companies including Slice, CRED, Ola, and Razorpay

“The credit use narrative in India is at a key crossroads, and we feel that there will be a potential for customisable cloud-ready systems with a role for micro-elements,” said Madhusudhanan R, cofounder of M2P Fintech.

As we set out on a quest to digitise the lending environment, “Finflux’s platform will drive our fundamental offerings in BNPL and neocredit products,” he continued.

M2P Three startups have been acquired by fintech in total, including Finflux. The financial business purchased two fintechs in September 2021: debt recovery SaaS startup Origa AI and credit card sourcing startup Wizi. Additionally, it contributed $4 million to the payments company LivQuik Technology.

After raising $100 Mn in just 2021, the Tamil Nadu-based business M2P Fintech secured $56 Mn in a financing round in January 2022.

According to M2P, their API architecture is used by more than 500 fintech companies, tens of banks, and NBFCs to allow embedded financing. Additionally, it asserts that it serves more than 20 markets in Asia and North Africa.

According to a survey by Inc42, one of the fintech ecosystem’s fastest-growing potential is fintech SaaS, which is expected to develop at a 40 percent CAGR between 2021 and 2025 to reach a total market opportunity of $12.6 Bn in India by that year.

By adele rose

Adele Rose is the senior editor and employee of WGBS Pvt Ltd Digital wing.

One thought on “After Wizi, Origa AI, and M2P Fintech Acquires Startup Finflux in Cloud Lending”

Leave a Reply

Your email address will not be published.