The firm was valued at an astounding $783 million after raising this capital through a mix of main and secondary share sales, according to an IBS Intelligence analysis.

Helios financing Partners led the financing round, which was a crucial step in M2P Fintech's plan to solidify its position as a leader in India and grow its business globally, with an emphasis on Africa.

Digital payments, credit card issuing, and a wide range of financial services catered to the particular requirements of local markets are all part of the full Banking-as-a-service solutions that M2P Fintech specializes in offering.

Apart from its endeavors in Africa, M2P Fintech aims to broaden its reach into a few ASEAN nations and augment its visibility in the Middle East. This is in line with its goal of becoming a sizable international banking technology infrastructure company.

"As the world's banking-as-a-service provider, this capital infusion will not only reinforce our leadership in India—where we've established a robust, comprehensive ecosystem—but also accelerate our ambitious global expansion efforts," stated Madhusudanan R, CEO and co-founder of M2P Fintech.

"Africa offers tremendous opportunity for FinTech innovation due to its fast expanding digital economy and urgent need for financial inclusion. We are excited to work with Helios because of their in-depth knowledge of the African market and our strong platform capabilities, which will help us fulfill our goal of promoting innovation and financial inclusion.

"We at Helios are delighted to be providing investment and operational expertise to support M2P's international expansion, with a strong focus on Africa," stated Elias Yazbeck, Managing Director of Financial Services and FinTech at Helios funding Partners. Helios has a notable history of expanding FinTech and financial services companies throughout the continent, and this investment is consistent with our policy of funding tech-focused, high-growth companies.