M2P Fintech continues acquisition spread, acquires start-up of cloud loan Finflux

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To take the acquisition further, M2P Fintech has now acquired Finflux. Following the acquisition of two fintech companies in September 2021, M2P now has three acquisitions under its belt.

Finflux, a cloud lending platform based in Bengaluru, offers services including integration, analysis, co-lending, loan origins, loan administration and BNPL, among others.

According to reports, the start-up withheld information about the agreement’s financial situation.
Reports also stated that now, with the acquisition of Finflux, M2P plans to increase the speed of digitization, automation of workflow and bringing in new loan products.

The Bengaluru-based company also offers custom approvals, tiered market controllers, adjustable warranty rules and workflow automation based on rules. Finflux claims to serve more than 12 million borrowers and more than 60 customers from 15 different countries.
Buy now, pay later (BNPL), marketplace integration, app-based lending, optional database credit rating and analytics are just some of the features available through Finflux’s cloud lending platform.

CEO and creator of Finflux, Nayan Ambali, expressed his enthusiasm for joining the M2P team. He said: “We are delighted to be part of the M2P team. With this acquisition we are moving closer to our goal of enabling 100 million borrowers. With M2P’s network and resources we will be able to serve our existing customers better, reaching a wider market, expand to different geographies and create new technological product experiences. “

M2P Fintech, en fintech startup, which offers fintech API solutions to companies, was founded in 2014 by Madhusudanan R, Muthukumar A and Prabhu R. By collaborating with banks and NBFCs, these solutions give companies the opportunity to integrate financing into their products. It offers services for companies including Slice, CRED, Ola and Razorpay.

“The history of credit utilization in India is at a critical time, and we believe that there will be an opportunity for adaptable cloud-based platforms with a role of micro-elements,” said Madhusudhanan R, co-founder of M2P Fintech.

“Finflux’s platform will drive our core offerings within BNPL and neo credit products when we embark on a mission to digitize the lending environment,” he added.

Finflux is one of the three startups that M2P Fintech has acquired in total. This is the company’s third acquisition since it took over two fintech companies, Wizi, a start-up of credit card purchases, and Origa AI, which is a start-up of loan recovery, in September 2021.
After raising $ 100 million in 2021 alone, the Tamil Nadu-based business M2P Fintech raised $ 56 million in a financing round in January 2022. In addition, it invested $ 4 million in the payment company LivQuik Technology.

Read also | Fintech company Clear makes second acquisitions in 2022; acquires CimplyFive

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

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