M2P Fintech

M2P Fintech, formerly Yap, is a leading API infrastructure company that helps businesses connect and roll out their own branded products.

M2P is on a mission to enable every business to be a provider of financial services and co-create market making products.

M2P was founded in 2014 by Madhusudanan Rangarajan, Muthukumar Ayyakkannu, and Prabhu Rangarajan. The company is headquartered in Chennai, Tamil Nadu, India.


M2P offers end-to-end program management services over a bundle of APIs that covers Bank Accounts, Term deposits, and a wide gamut of payment products, including Debit, Credit, Prepaid, Travelcard, QR, UPI, NETC toll payments.


M2P caters to around 20 banks in India including ICICI Bank, Yes Bank and RBL Bank, and several leading consumer internet startups such as Ola and PaisaBazaar.


M2P is processing more than US$10 billion in annualised payments volume across millions of users through 500+ discerning fintech partnerships.


M2P is backed by Tiger Global Management, Insight Partners, BEENEXT, MUFG Innovation Partners, Flourish Ventures, Omidyar Network India, 8i Ventures, Better Capital, DMI Group, and others. The company raised $56M in a Series C1 round on Jan 20, 2022. This brings M2P's total funding to $106.9M to date. The latest round valued the company at $605M post-money.



  • Year founded: 2014
  • Funding Info: $106.9M over 5 Rounds (Latest Funding Type: Series C1)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $605M as of Jan 20, 2022
  • City/Town: Chennai
  • State: Tami Nadu
  • Country: India
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