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M2P Solutions closes Series C1 with USD 56 mln

Monday 24 January 2022 11:15 CET | News

UAE-based financial infrastructure company M2P Solutions has announced a USD 56 million Series C1 funding round to further build its technology while expanding internationally.

In total, the company has raised more than USD 100 million in 2021. M2P’s existing investors also include BEENEXT, Flourish Ventures, Omidyar Network India, 8i Ventures, and the DMI Group via its investment vehicle Sparkle Fund.

Company officials stated that the consequence of the COVID-19 pandemic has accelerated the shift from in-person to digital consumption. This shift has forced businesses across the globe to move from brick and mortar to digital channels and, in doing so, has created an urgency for businesses to adopt an API platform, they added.

M2P sees an opportunity to meet this need by bringing its platform to other fintech markets across Europe, Africa, and Asia, while doubling down on and emerging fintech markets such as the Philippines, Indonesia and Egypt, according to the press release.


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Keywords: funding, investment, API, expansion, fintech
Categories: Payments & Commerce
Companies:
Countries: United Arab Emirates
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Payments & Commerce






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