Helios Leads $100M Round in M2P to Support Its Africa Expansion
TLDR
- Helios Investment Partners leads $100M Series D funding in M2P Fintech, a BaaS & API provider for banks, lenders, and fintechs.
- M2P Fintech, with funding from Helios, aims for global expansion, focusing on Africa's underdeveloped BaaS market.
- Helios, known for successful African fintech investments, to provide expertise and network support to M2P's growth in Africa.
Helios Investment Partners, one of the largest Africa-focused private investment firms, has led a $100 million Series D funding round in M2P Fintech, a Banking as a Service (BaaS) and Infrastructure API provider. The funding, comprising both primary and secondary share capital, will fuel M2P's global expansion, with a strong focus on Africa.
Founded in 2014 and headquartered in Chennai, India, M2P Fintech provides financial technology services to over 200 banks, 300 lenders, and 800 fintechs, serving more than 50 million users across 30 markets in Asia Pacific, MENA, and Oceania.
With the investment from Helios, M2P will leverage the firm’s expertise, regulatory guidance, and vast network in Africa to deepen its presence in the continent’s underdeveloped BaaS market. Helios has a strong track record in African fintech.
Key Takeaways
Africa's fintech market is booming, fueled by rapid innovation and financial inclusion. The African Banking as a Service (BaaS) and infrastructure API market, however, remains underdeveloped, with limited modern providers. M2P, with its broad product offering and growing geographic presence, has a significant opportunity for market penetration. Helios, a 20-year-old firm, has backed high-growth financial services and fintech businesses across the continent, capitalizing on the unprecedented African development and innovation, including Fawry, Interswitch, Tpay, and Thunes.
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