M2P empowers fintech, banks with customised API solutions

For more than a decade, the fintech industry has experienced unprecedented growth. It has reshaped how we think of payments and brought new financial service products to the market year on year. The global fintech market is currently valued at USD111 million and is expected to reach USD158 million by 2023 and USD325 million by 2030.

Analyst findings indicate that technology is the key driver behind the growth of fintech. Because it operates almost exclusively in a virtual realm, it has transformed how financial services function and allowed traditional financial institutions and businesses to automate their processes and co-create new innovative products for customers.

To expound further on technology’s role in empowering fintech and banking systems and to share insights on the growth of fintech in the Asia Pacific region, we spoke to Madhusudanan R, Co-Founder and CEO of M2P Fintech. This seven year old startup has been making waves in the fintech space, with its interoperable payments platform that connects banks and businesses with API to build their own financial services.

Headquartered in India, MPI Fintech is present in over 20 markets across Asia and North Africa and is one of the hottest startups in the payments space, having recently raised USD56 million in its Series C round and nearly doubling its valuation to about USD605 million in a span of just three months.

During the show, Madhusudanan talks about:

The reason behind the establishment of M2P and the problems it is trying to solve.
The demonetization of India’s fintech industry and M2P’s role in plugging the gaps.
How M2P is leveraging India’s robust banking industry and what it is doing to spur fintech adoption.
The driving force behind its BSG ISOFT acquisition and how this will accelerate M2P’s growth and expansion plans.
M2P’s recent Series C fundraise.
Key trends for the fintech industry for 2022/ 2023.