M2P Fintech, an API infrastructure company, has acquired Bengaluru-based cloud lending platform Finflux to advance its digital lending and neo-credit strategies. Although the deal’s financial information was not made public, it is understood to have cost $15–20 million in cash and shares.
Since its founding in 2014, M2P Fintech has made four acquisitions, and it anticipates that this one will speed up the introduction of scalable and secure digital lending solutions. The independent brand Finflux will continue to operate.
The cloud lending platform from Finflux provides services for loan origination, loan management, co-lending, Buy Now Pay Later (BNPL), marketplace integration, app-based lending, alternative data-based credit rating, and analytics.
“With Finflux and the formidable team led by Nayan (Nayan Ambali, Finflux founder), we found a match to cater to the burgeoning and fast evolving digital lending ecosystem across Banks, NBFC’s and fintech. Our key offerings around BNPL and neo credit products get a major thrust with FinFlux’s platform and we are embarking on a mission to digitise the lending ecosystem,” Madhusudanan R, co-founder of M2P Fintech, said.
