M2P Fintech acquires Finflux to strengthen its loan portfolio
By Leandra Monteiro
- Digital Loan
M2P Fintech, an Asian financial infrastructure company, recently announced the acquisition of Finflux, a cloud lending platform. With this acquisition, M2P Fintech said it looks forward to rolling out advanced lending products that are secure, scalable and cloud-ready and accelerating the adoption of next-generation digitization and workflow automation. of work.
Finflux is a cloud lending platform that accelerates lending business transformation. Its vision is to create affordable and equitable financial access for individuals and businesses around the world. Finflux cloud includes a full suite of products that help manage the entire loan lifecycle. Its product offering includes loan origination, loan management, financial accounting, market integration, application-based lending, data-driven alternative credit scoring, dashboards, reports and analysis.
Founded in Chennai in 2014 by a trio of FinTech professionals, M2P started with the dream of helping the world harness the power of FinTech. M2P builds a solid infrastructure for the financial world. Its products help banks, NBFCs and e-businesses get to market with a wide range of solutions in payments, lending and banking. The company offers agile, futuristic and customer-centric FinTech solutions through APIs, technology integration and back-office support.
Earlier this year, M2P Fintech announced a $56 million Series C1 funding round led by Insight Partners, a New York-based global private equity and venture capital firm, with participation from MUFG Innovation Partners. , a CVC company of Mitsubishi UFJ Financial Group, Inc. (MUFG), existing investors Tiger Global and Better Capital.
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