M2P Fintech continues its wave of acquisitions and buys cloud lending startup Finflux

Continuing its acquisition journey, M2P Fintech has just acquired Finflux. After acquiring two fintech companies in September 2021, M2P now has three acquisitions to its credit.

Finflux, a Bangalore-based cloud lending platform, provides services like onboarding, analytics, co-lending, loan origination, loan management and BNPL among others.

According to reports, the startup hid information about the finances of the deal.
The reports also indicated that now, with the acquisition of Finflux, M2P plans to accelerate digitization, automation of workflows and bring new lending products.

The Bengaluru-based company also offers customizable approvals, multi-level market checkers, adjustable underwriting rules, and rule-based workflow automation. Finflux claims to serve over 12 million borrowers and over 60 clients from 15 different countries.
Buy it now, pay later (BNPL), market integration, app-based lending, optional data-driven credit scoring and analytics are just a few of the features available through the platform. -Finflux cloud loan form.

The CEO and creator of Finflux, Nayan Ambali, expressed his excitement about joining the M2P team. He said: “We are delighted to join the M2P team. With this acquisition, we are one step closer to our mission to help 100 million borrowers. With M2P’s network and resources, we will be able to better serve our existing customers, reach a wider market, expand into different geographies, and create new technology product experiences.

Fintech M2P, a fintech startup offering fintech API solutions to businesses, was founded in 2014 by Madhusudanan R, Muthukumar A and Prabhu R. By working with banks and NBFCs, these solutions give businesses the ability to integrate finance into their products. It provides services to companies such as Slice, CRED, Ola, and Razorpay.

“The history of credit usage in India is at a critical juncture, and we believe there will be an opportunity for customizable cloud-ready platforms with a role of microelements,” said Madhusudhanan R, co-founder of M2P Fintech.

“Finfolux’s platform will power our core offerings in BNPL and neo credit products as we embark on a mission to digitize the lending environment,” he added.

Finflux is one of three startups that M2P Fintech has acquired in total. This is the company’s third acquisition after taking over two fintech companies, Wizi, a credit card sourcing startup, and Origa AI, a loan collection startup, in September 2021.
After raising $100 million in just 2021, the Tamil Nadu-based M2P Fintech firm raised $56 million in a funding round in January 2022. Additionally, it invested $4 million in the company payment system LivQuik Technology.

Read also | Fintech Clear makes its 2nd acquisition in 2022; buy CimplyFive

According to M2P, its API infrastructure is used by more than 500 fintech companies, dozens of banks and NBFCs to enable integrated finance. It also says it serves more than 20 markets in Asia and North Africa.

Fintech SaaS is one of the fastest growing potential segments within the entire fintech ecosystem, growing at a CAGR of 40% between 2021 and 2025 to reach a potential of $12.6 billion total market in India by 2025.

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