The fintech space is hectic. In FY23, m2p fintech was growing rapidly. Growth was robust. Revenue doubled up. But FY24 is a different tale. The figures slowed down. Losses remained stagnant. Operations shifted.
This blog has it all. You’ll discover where things hit bottom and why. You’ll observe how expenses changed. And you’ll understand what comes next. From AI moves to global plans, this deep dive has it all. In short, crisp strokes, we make it easy to read. The goal? Give you a full picture of m2p fintech in FY24.
Who Is M2P Fintech?
M2p fintech is a fintech company. It provides digital banking infrastructure. Its tools are used by companies to issue cards, wallets, etc. M2P helps brands go live with financial services in a few days. It has bank and lender tie-ups. It powers platforms across more than 30 countries. M2P integrations with fintech partners are through APIs. It also provides compliance. Its technology backbone is leveraged by banks, apps, and international startups. Having an Indian origin, the m2p fintech chennai address is part of its core team and technology initiatives.
A Slower Year for M2P Fintech in 2024
The year ended March 2024 witnessed substantial volatility in the performance of the companies. While the previous year had recorded growth, the quarter witnessed revenue declining by 13.4%. From Rs 441 crore, revenue declined to Rs 382 crore. The slowdown was not unexpected given the tighter lending environment, changing customer preference, and risk-adverse investment environment.
Even with reduced revenues, the company managed to keep contraction levels steady. This indicates tight cost control and conscious margin management. The majority of the fintechs cannot do this during contracting. Stability during contraction, however, indicates discipline. It indicates care not only for expansion, but for longevity.
M2P Fintech Revenue Takes a Hit
In FY24, This platform reported Rs 382 crore in revenue. That’s down from Rs 441 crore in FY23. The drop is 13.4%. It reflects a tough market, tighter budgets, and evolving fintech demand.
Revenue FY23 vs FY24:
| Fiscal Year | Revenue (in Cr) | Change (%) |
| FY23 | 441 | – |
| FY24 | 382 | -13.4% |
M2P Fintech Business Model: Income Streams
A successful platform must generate money from various sources. This section explains the revenue model in detail. Each stream contributes differently but plays a key role in overall financial health.
- API usage fees
- Card issuance & management
- Platform subscription
- Bank partnerships
- Cross-border forex services
Still, export income dropped steeply. From Rs 19.3 crore in FY23 to just Rs 4.6 crore in FY24. That’s a 76.2% fall. This also affects operations at the m2p fintech chennai address which handles cross-border activity.
M2P Fintech’s Rising Costs and Priorities
Employee costs are now the top expense for this platform. In FY24, it reached Rs 251 crore. That’s 47.5% of the total spend. It includes Rs 36 crore in ESOPs. Despite a revenue drop, M2P kept investing in people.
Other major cuts:
- Tech and cloud costs slashed 56.4% to Rs 160 crore
- Total costs fell 15.2%, now Rs 528 crore
Key Expense Comparison for M2P Fintech:
| Category | FY23 (Cr) | FY24 (Cr) | Change (%) |
| Employee Benefits | 188 | 251 | +33.5% |
| Tech/Cloud/Branding | 367 | 160 | -56.4% |
| Total Expenses | 622 | 528 | -15.2% |
What is M2P Fintech Really About?
This platform acts as a foundation for digital banking services. It helps financial institutions create tools like cards, payment gateways, wallets, and APIs. With compliance layers in place, it ensures that services are both efficient and secure. Over 200 banks and 300 lenders across multiple countries rely on this model.
Its services stretch across Asia Pacific, the Middle East and North Africa, and parts of Oceania. The strength of the platform lies in its modular nature. Financial entities can plug into it without building systems from scratch. It serves as a bridge between legacy banking and modern digital demands, all while reducing development time.
M2P Fintech’s Profitability in Question
Losses stayed at Rs 134 crore. Even with shrinking revenue, better cost control helped. Still, This platform spent Rs 1.38 to earn just one rupee.
- EBITDA margin: -22.51%
- ROCE: -28.23%
Clearly, m2p fintech needs margin improvement and better efficiency.
Financial Health: M2P Fintech’s Balance Sheet
At FY24 end, the company held:
- Total assets: Rs 318 crore
- Cash & bank: Rs 78 crore
These numbers show resilience. The liquidity helps fund ops and new strategies.
Current Financial Position:
| Metric | FY24 Value (in Cr) |
| Total Assets | 318 |
| Cash & Bank Balance | 78 |
M2P Fintech Chennai Address Leads AI Push
The acquisition of Mad Street Den in Chennai signals a turn toward artificial intelligence. This startup, acquired for $10–15 million, brings deep AI capabilities. The goal is to add a new layer of intelligence to the platform’s existing systems. From transaction insights to automation, AI could unlock new value streams.
The Chennai team now holds a key role in driving this vision. They’re expected to integrate AI into core operations from customer experience to fraud prevention. While the acquisition appears opportunistic due to the seller’s funding gap, the strategic fit makes sense. It may reduce long-term costs and boost innovation across products.
M2P Fintech’s Funding and Investors
It has raised over $200 million so far. The latest was a $100 million Series D round. Investors like Tiger Global and Helios are on board. This backing shows trust in their long-term play.
Major Stakeholders in M2P Fintech:
| Investor | Position |
| Beenext | Largest Holder |
| Tiger Global | Second |
| Helios Partners | Third |
M2P Fintech’s Global Footprint and Local Setbacks
With a presence in over 30 international markets, the company has aimed for scale. It operates in the Asia Pacific region, as well as parts of MENA and Oceania. This expansion helps it work with global partners and adapt to varied regulations. Each new region adds to the platform’s credibility and potential revenue sources.
However, the global scale hasn’t yet translated into consistent export income. For instance, export revenue dropped from Rs 19.3 crore in FY23 to just Rs 4.6 crore in FY24. That’s a steep 76.2% fall. The reasons include currency challenges, cross-border complexities, and shifting regional priorities. Rebuilding global traction may take renewed strategy and better execution.
AI and M2P Fintech: Hopes for Margin Gains
Technology is moving fast, and artificial intelligence is taking center stage. This section explores how integrating AI into operations may help reduce costs and improve profit margins.
1. Improve Automation
AI tools can automate repetitive tasks such as customer service chats, onboarding verification, or fraud detection. What once took hours now takes seconds. By cutting down manual labor, the platform can focus on high-level innovation and reduce dependence on human intervention.
2. Cut Human Costs
One of the biggest expenses is payroll. AI helps reduce team size for back-office tasks while maintaining the same output. For example, automated underwriting and transaction monitoring can be done with fewer people, saving both time and salaries.
3. Scale Faster
AI makes it easier to handle a growing user base. Instead of hiring more people to meet demand, the platform can scale systems intelligently. Tools like predictive analytics help manage resource allocation and future planning more efficiently.
FAQs
Q1: What services does m2p fintech offer?
M2P offers APIs for digital banking. These include cards, wallets, KYC, and payment tools.
Q2: Where is the m2p fintech chennai address located?
Their Chennai office is a central hub. It handles tech, engineering, and AI work.
Q3: Is this platform is profitable?
Not yet. It reported Rs 134 crore loss in FY24. However, expenses have reduced significantly.
Q4: Who funds m2p fintech?
Major investors include Beenext, Tiger Global, and Helios Partners.
Q5: What’s next for m2p fintech?
They aim to improve margins using AI, expand globally, and refine services from their m2p fintech chennai address.
Conclusion: The Road Ahead for M2P Fintech
FY24 was tough for m2p fintech. The numbers dipped. The challenges were real. Yet, the firm stayed steady. It kept its team. It trimmed costs. It explored new tech like AI. These moves may shape its next phase. The Chennai acquisition shows clear intent. This platform wants to rebuild with smarter tools. The m2p fintech chennai address plays a key role here. Backed by solid funding and strong minds, recovery looks possible. But execution must be sharp. Profit goals must stay firm. If that happens,This platform could soon reclaim its upward path. This coming year is critical. All eyes are on m2p fintech to deliver results that matter.
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