M2P Fintech acquires Cloud lending platform Finflux to increase digital lending options

With this acquisition, M2P Fintech, headquartered in Chennai, said it will accelerate the adoption of next-generation digitization, workflow automation and advanced lending products.

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“Our core services in BNPL (buy now and pay later) and neocredit products will be powered by Finflux’s platform,” said Madhusudhanan RCo-founder, M2P Fintech.

Finflux’s services include loan creation, loan management, co-loans, BNPL, market integration, app-based loans, optional data-based credit scoring and analytics.

“With this acquisition, we are moving closer to our mission to enable 100 million borrowers. With M2P’s network and resources, we will be able to better serve our existing customers,” said Nayan AmbalicFounder and CEO, Finflux.

Founded in 2014, M2P Fintech is an omni-channel platform operating in more than 20 markets around the world Asia-Pacific† MENA and Oceania regions.

M2P said it works with more than 30 banks and has clocked more than 600 fintech orders across various sectors.