M2P Fintech acquires Finflux to improve its loan portfolio

By Leandra Monteiro

M2P Fintech, an Asian financial infrastructure company, recently announced that it has acquired Finflux, a cloud lending platform. With this acquisition, M2P Fintech said it looks forward to rolling out advanced lending products that are secure, scalable and cloud-based and accelerate the introduction of next-generation digitization and workflow automation.

Finflux is a cloud lending platform that accelerates the transformation of the lending business. Its vision is to create affordable and equitable financial access for individuals and businesses worldwide. The Finflux cloud includes a comprehensive suite of products to help you manage your entire loan life cycle. The product offer provides loan start-up, loan administration, financial accounting, marketplace integration, app-based lending, alternative computerized credit scoring, dashboards, reporting and analysis.

M2P was founded in Chennai in 2014 by a trio of FinTech professionals, and began with a dream of helping the world harness the power of FinTech. M2P is building a strong infrastructure for the financial world. The products help banks, NBFCs and online businesses to enter the market with a wide range of solutions across payments, lending and banking services. The company delivers flexible, futuristic, customer-centric FinTech solutions through APIs, technology integration and back-office support.

Earlier this year, M2P Fintech announced a $ 56 million Series C1 increase led by New York-based global private equity and venture capital firm Insight Partners with the participation of MUFG Innovation Partners, a CVC company from Mitsubishi UFJ Financial Group, Inc. ( MUFG), existing investors Tiger Global and Better Capital.