Indian Fintech M2P Secures $102 Million from Helios to Expand in Africa

M2P Fintech, an India-based company specializing in APIs and Banking-as-a-Service (BaaS) solutions, has announced a $102 million investment from Helios Investment Partners, a UK-based private equity firm focused on Africa. The funding will be used to bolster M2P’s market leadership in India and support its expansion into Africa, where financial infrastructure remains underdeveloped.

M2P’s platform enables startups and businesses to offer payment services without needing a banking license, a critical innovation in regions with limited access to financial services. The company aims to drive financial inclusion and foster innovation in Africa's rapidly growing digital economy.

Elias Yazbeck, Managing Director of Financial Services and Fintech at Helios, expressed confidence in M2P's ability to scale and impact financial inclusion across the continent. Madhusudanan R. Madhu, M2P’s co-founder and CEO, highlighted Africa’s immense potential for fintech solutions, calling the partnership with Helios a strategic move to deliver on their mission of financial inclusion and digital innovation.