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Simplifying Payments

Based in Chennai, India, M2P Fintech is now Asia’s fastest growing API platform that has made life easier for people through access to financial technology. The company values more that USD 605 million simplifying complexities and compliance

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Prabhu Rangarajan

Starting up a business may not be everyone’s cup of tea but the idea behind it can certainly be seeded over cups of tea. That’s exactly how three friends, Prabhu Rangarajan along with Muthukumar Ayyakkannu and Madhusudhan Rangarajan, came to imagine M2P Fintech.

What started as a casual conversation between friends over a cup of tea evolved into M2P, Asia's largest payments API platform. M2P offers a cloud-native digital-first ecosystem that encompasses a triangulation of commerce, finance technology. Simplifying complexities and compliance, M2P is the building blocks that allow customers to co-create solutions that deliver tailored financial products.

"Coming from a humble background, quitting a lucrative job at a leading IT company was a bold decision and having no safety net was a bet at the time that was both exciting and challenging. Having worked with leading IT companies for almost a decade and half, the norm was to find an onsite opportunity to move to the US or other countries," says M2P Co-founder Prabhu Rangarajan.

Global Presence

Headquartered in Chennai, M2P operates in more than 20 markets across Asia and North Africa and with team size of 500-plus across six locations in India and UAE. A few key markets apart from India include the UAE, Australia, New Zealand, Nepal, the Philippines, Bahrain and Egypt. The company plans to expand to Indonesia, Bangladesh, Vietnam, and across the MENA region. 

Overcoming failures and hindrances, M2P has now emerged as Asia's biggest API infrastructure. Today, M2P Fintech is valued more than $605 million.

Over the last year, M2P Fintech has managed to raise more than $100 million in funding from marque investors including Insight Partners, Tiger Global, Better Capital and Omidyar network. M2P Fintech has grown to process over $6 billion in transactions, having issued over 12 million cards.

Not just that, Rangarajan has the vision to provide a launch pad for future entrepreneurs through M2P Fintech, where they can learn from peers and industry leaders.

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magazine 12 March 2022 FinTech