M2P Fintech Raises $100M to Boost Banking Services in Africa

The Future of Digital Public Infrastructure

M2P’s growth aligns perfectly with the global rise of digital public infrastructure (DPI) initiatives.

In India, for instance, projects like account aggregation are revolutionizing the way small and medium-sized businesses access credit.

The company intends to utilize its extensive experience in India’s advanced fintech sector to spearhead innovation in Africa and other regions that exhibit similar market characteristics.

“We’ve experienced significant success in the Middle East, reaching as far as Egypt. These markets have demographics and ecosystem dynamics akin to India, particularly regarding online commerce. We are essentially mirroring our achievements in India in these new markets,” Madhusudanan states.

The collaboration with Helios is anticipated to offer M2P strategic benefits, including expert guidance on navigating intricate regulatory environments and access to a broad network of influential contacts in Africa.

As traditional banks and emerging fintech companies in Africa strive to modernize their services, M2P’s extensive range of offerings could be instrumental in reshaping the continent’s financial technology landscape.

Madhusudanan adds: “As the largest provider of Banking-as-a-Service, this investment will not only solidify our position in India—where we have developed a strong, all-encompassing ecosystem—but also expedite our ambitious plans for global expansion.”

“Africa, with its rapidly expanding digital economy and urgent need for financial inclusion, holds immense opportunities for fintech innovation.”

“We are excited to collaborate with Helios, whose profound understanding of the African market, combined with our powerful platform, will enable us to advance our mission of promoting financial inclusion and fostering innovation.”