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M2P Fintech raises $56m in Series C funding

India based payments infrastructure startup raised $56m in Series C funding led by Insight Partners.

“We also help them upgrade their tech stack. There’s a movement underway as banks are transitioning from being capex-heavy product implementation model to opex, SaaS-kind of model,” said Madhusudanan R, co-founder and chief executive of M2P Fintech, in an interview with TechCrunch.

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payments, india, emerging markets