M2P Fintech, Asia’s top financial infrastructure startup, has raised $56 million in a Series C1 round headed by Insight Partners, a New York-based global private equity and venture capital firm, with participation from MUFG Innovation Partners, a CVC subsidiary of Mitsubishi UFJ Financial Group, Inc.
(MUFG) – one of the world’s largest financial conglomerates, as well as Tiger Global and Better Capital, who are already investors.
In the last year, the company has raised more than $100 million. M2P will use the funds to expand its technology and personnel, as well as accelerate its worldwide expansion goals.
BEENEXT, Flourish Ventures, Omidyar Network India, 8i Ventures, and the DMI Group via its investment vehicle Sparkle Fund are among M2P’s existing investors.
The platform of choice for the expanding fintech industry is M2P Fintech, an API infrastructure provider that enables businesses of any scale to embed financial products in their customer journeys.
Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.