Press Release
M2P Fintech raises $100 million in Series D Financing led by Helios Investment Partners, valuation surpasses $785 million
Company to focus on new products that will strengthen its market leadership in India and expand operations in MENA and to Africa
Dubai, United Arab Emirates, 30th Sep 2024 – M2P, Asia’s largest Banking infrastructure company, announced today the first close of its Series D financing, raising $100 million through a mix of primary and secondary share capital. The financing was led by Helios Investment Partners and places the company’s valuation at over $785 million. The funds will be utilized to cement M2P’s market leadership in India, besides helping grow its international franchise, particularly in Africa.
The round also saw participation from marquee Banks across Asia, with existing Investor Flourish Ventures doubling down on the company, underscoring strong confidence in M2P’s innovative banking infrastructure, which powers a wide range of financial institutions across the globe.
Strengthening Leadership in Banking Infrastructure
M2P solidified its position as the leading banking infrastructure provider, collaborating with leading consumer technology companies, Banks, NBFCs, and startups to drive innovative fintech solutions. With this investment, M2P is vying to accelerate its growth by enhancing its technology stack, focusing heavily on leveraging artificial intelligence and building out advanced data capabilities that will not only expand M2P’s core offerings but also empower the company to scale its partnerships with financial institutions, delivering cutting-edge financial products and capabilities.
Global Expansion, with Africa in Focus
Over the past few years, M2P has strategically expanded its global footprint, with a strong emphasis on emerging markets. Africa now stands as the company’s next major growth frontier, presenting vast potential due to the continent’s rapidly evolving financial ecosystem. With rising smartphone adoption and the increasing prominence of mobile-led financial services delivery, M2P is well-positioned to capitalize on this opportunity.
By leveraging its robust banking infrastructure, the company aims to deliver seamless “Bank in a Box” solutions alongside digital payments, credit card issuance, and a suite of financial services customized to meet the unique demands of local markets.
The company is also eyeing strategic expansions into select countries in the ASEAN region, besides enhancing its strong presence in the Middle East region, thereby aligning with its vision to build a truly global banking technology infrastructure business.
Madhusudanan R, M2P Fintech CEO s Co-founder, said: “As the world’s largest Banking-as-a-Service provider, this capital infusion will not only reinforce our leadership in India—where we’ve established a robust, comprehensive ecosystem—but also accelerate our ambitious global expansion efforts. Africa, with its rapidly growing digital economy and pressing need for financial inclusion, presents immense potential for fintech innovation. We’re thrilled to partner with Helios, whose deep understanding of the African market, coupled with our powerful platform capabilities, will position us well to deliver on our mission of fostering financial inclusion and innovation.”
Elias Yazbeck, Managing Director, Financial Services and Fintech at Helios Investment Partners, said: “We at Helios are delighted to be providing investment and operational expertise to support M2P’s international expansion, with a strong focus on Africa. Helios has a significant track record in growing fintech and financial services businesses on the continent, and this investment aligns with our strategy to invest in high-growth, tech-focused businesses.”
About M2P Fintech
The Chennai-headquartered M2P Fintech started in 2014 as an API infrastructure company, has rapidly evolved into the world’s largest Banking as a Service company, powering the digital ambitions of banks, lenders, fintech, and consumer technology companies. M2P Fintech operates in over 30 markets across the Asia Pacific, MENA, and Oceania regions, and its innovative offerings power 200+ banks, 300+ lenders, and 800+ fintech engagements serving over 50+ million end users. The comprehensive technology stack powers the core banking system, core lending suite, BNPL, Credit, Debit, C Prepaid cards, UPI, and very robust data capabilities, among others.
About Helios Investment Partners
Established in 2004, Helios Investment Partners is the largest Africa-focused private investment firm, with a record that spans creating startups to providing expanding companies with growth capital and expertise. The firm has over $3.0 billion in assets under management and is led and managed by a predominantly African team based in London, Lagos, Nairobi and Paris, with the language skills and cultural affinity to engage with local entrepreneurs, managers, and intermediaries on the continent. Helios leverages its local and global networks to create attractive proprietary investment opportunities, with an emphasis on building market leaders in core economic sectors and driving performance through a highly engaged approach to portfolio operations. The firm’s unique combination of a deep knowledge of the African operating environment, a singular commitment to the region, and a proven capability to manage complexity is reflected in its diverse portfolio of growing, market-leading businesses and its position as a partner of choice in Africa. Helios is the second mainstream private equity firm globally and the largest emerging markets- focused private equity firm to achieve B Corp certification. B Corp status recognizes the firm’s longstanding commitment to sustainability and responsible business practices.
Media Contact
Organization: M2P ME
Contact Person: Aparajita Bakshi
Website: https://m2p.me/
Email: aparajita@m2p.me
City: Dubai
Country: United Arab Emirates
Release Id: 30092417572
The post M2P Fintech raises $100 million in Series D Financing led by Helios Investment Partners, valuation surpasses $785 million appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Press Release
Hovair Systems Expands Product Range with Air Pallets to Boost Warehouse Efficiency and Retail Operations
Washington, United States, 30th December 2024, ZEX PR WIRE, Hovair Systems continues to enhance material handling capabilities across industries with its advanced Air Pallets, designed to significantly improve warehouse operations and retail environments. These air pallets use state-of-the-art air-bearing technology, allowing for frictionless movement of heavy loads reducing the need for manual labor and heavy machinery.
Hovair Systems’ Air Pallets utilize advanced air-bearing technology, which creates a frictionless surface that allows for the easy and safe movement of heavy loads, reducing manual labor and minimizing the need for heavy machinery. These air pallets reinforce the company’s commitment to delivering cutting-edge solutions for a wide range of industries, from manufacturing and logistics to retail and distribution.
“Our Air Pallets are transforming how businesses approach heavy load handling,” said a spokesperson at Hovair Systems. “These systems offer an efficient and cost-effective way to move goods, which is essential for high-volume operations. Whether in a warehouse or a retail setting, the Air Pallets provide companies with the reliability they need for efficient material handling.”
The Hovair Air Pallets are designed with several key features that make them versatile and effective for a variety of operations:
- Air-Bearing Technology: Air-bearing technology’s frictionless movement allows goods to glide effortlessly across smooth floors, minimizing resistance and reducing the need for heavy machinery.
- Modular Design: Hovair’s Air Pallets offer a modular configuration, making them adaptable to various load sizes and types. Their flexibility allows businesses to customize the system to fit specific needs.
- Heavy Load Capacity: These pallets are designed to handle heavy loads, from smaller packages to large, bulky retail displays, making them suitable for a wide range of applications in warehouses and stores.
- Durability: Built with high-quality materials, Hovair Air Pallets are durable and long-lasting, requiring minimal maintenance, even under demanding operational conditions.
- Ease of Use: Hovair’s Air Pallets are user-friendly, with simple setup and operation that require no special training. This ease of use contributes to a smoother transition to air-bearing technology for any workplace.
Hovair’s Air Pallets are well-suited for various industries and applications. In warehouses, Air Pallets are ideal for moving large pallets of goods, helping with inventory management, and streamlining the flow of materials between receiving storage and shipping areas.
Retailers use Air Pallets to set up displays, transport fixtures, or handle large product shipments in stores. Their precision and ease of use make them valuable tools for improving store layouts and product management. Moreover, air Pallets are a vital solution for moving products in high-traffic distribution centers, speeding up sorting, loading, and unloading tasks while improving efficiency in the supply chain.
In manufacturing environments, these pallets are effective for handling parts, assemblies, or finished products, ensuring smooth operations across production lines and minimizing downtime.
Hovair’s Air Pallets offer businesses a modern, highly efficient solution for their material handling needs. Designed to provide ease of use, durability, and cost-effectiveness, these air-bearing pallets help streamline operations in warehouses, retail settings, and beyond.
As industries continue to seek ways to optimize workflows, reduce costs, and enhance safety, Hovair’s Air Pallets provide an indispensable tool for businesses looking to improve their handling capabilities.
About Hovair Systems
Hovair Systems is a global leader in air-bearing material handling solutions. With decades of experience, the company specializes in developing innovative products that improve efficiency and safety in industrial and commercial operations. Hovair’s advanced technology solutions are used in industries ranging from manufacturing and logistics to retail and aerospace, providing businesses with the tools they need to enhance their operations.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Hovair Systems Launches Revolutionary Hovair Super Kits for Enhanced Heavy Load Handling Efficiency
Washington, US, 30th December 2024, ZEX PR WIRE, Hovair Systems, a global leader in innovative material handling solutions, proudly announces the launch of its latest breakthrough product: the Hovair Super Kits. Designed to revolutionize heavy load transportation, the Super Kits combine Hovair’s renowned air caster technology with the powerful MatJack air lifting bag, providing industries with an unmatched solution for handling heavy loads safely and efficiently.
Hovair Systems has long been recognized for its pioneering air-bearing technology, enabling businesses worldwide to move heavy machinery and equipment with ease. The newly introduced Hovair Super Kits take this innovation to the next level by addressing a common industry challenge—managing loads with minimal ground clearance.
“Many of our customers have faced difficulties positioning air caster modules under heavy loads due to insufficient ground clearance,” said a spokesperson at Hovair Systems. “The Hovair Super Kit, equipped with the revolutionary MatJack air lifting bag, eliminates this obstacle, making the process more efficient and accessible than ever before.”
The MatJack air lifting bag included in the Super Kits can raise loads of up to 50 tons with only 1 inch of ground clearance required. Once the load is elevated, users can effortlessly slide the air caster modules into place, ensuring a seamless operation from start to finish.
Each Hovair Super Kit is thoughtfully designed to offer everything needed for immediate and effective use. Key components include:
- MatJack Air Lifting Bag: Capable of lifting up to 50 tons with minimal ground clearance.
- SAK-22 Air Caster Bearing Kit: Supports a weight capacity of 16,000 pounds (7,272 kgs) with four air inlet ports for even load distribution.
- RCK43 Remote Control Unit: Simplifies operation for enhanced precision and safety.
- Hose Line Assemblies: Includes two 25-foot and two 15-foot hoses with quick-disconnect fittings for flexibility.
- Comprehensive Hardware: All fittings and components are included for an out-of-the-box experience.
- Operator Manual and Safety Advisories: Provides users with clear instructions and guidelines for safe usage.
The Hovair Super Kit also comes with Hovair Systems’ unparalleled after-sales support, ensuring customers receive expert assistance whenever needed.
The launch of the Hovair Super Kits is set to benefit industries ranging from manufacturing and warehousing to aerospace and energy. By streamlining the handling of heavy equipment and machinery, businesses can reduce downtime, improve worker safety, and enhance overall productivity.
“Our goal has always been to empower industries with solutions that simplify complex challenges,” the spokesperson added. “The Hovair Super Kits not only deliver on that promise but also set a new standard for heavy load handling efficiency.”
Hovair Systems’ commitment to innovation and customer-centric design is evident in every aspect of the Super Kit. This comprehensive solution is tailored to meet the evolving needs of modern operations, helping businesses achieve their goals with confidence and ease.
The Hovair Super Kits are now available for purchase through Hovair Systems’ official website and authorized distributors. Customers can take advantage of a special offer, saving $750 compared to standard kits.
About Hovair Systems
Hovair Systems is a global leader in innovative material handling solutions. With over six decades of experience, the company specializes in air-bearing technology to provide efficient, safe, and cost-effective tools for transporting heavy loads. Serving industries worldwide, Hovair Systems continues to deliver cutting-edge products designed to meet the demands of modern operations.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Hovair Systems Breaks New Ground with Advanced Air Bearing Technology for Heavy Load Transport in Shipyards and Ports
Washington, United States, 30th December 2024, ZEX PR WIRE, Hovair Systems, a global leader in load-handling solutions, is revolutionizing operations in shipyards and ports with its cutting-edge air bearing technology. Designed to streamline the transport of heavy loads, Hovair Systems’ advanced solutions enhance safety, efficiency, and precision in industries where the stakes are high and time is of the essence.
Handling heavy machinery, cargo, and large equipment is a daily challenge in shipyards and ports. Traditional transport methods often rely on cranes, forklifts, or manual labor, which can be time-consuming and prone to risks. Hovair Systems’ air bearing technology offers a modern alternative, utilizing a thin film of air to create a nearly frictionless surface for transporting loads.
According to a spokesperson at Hovair Systems, “Shipyards and ports demand innovative solutions to tackle the complex challenges of heavy load transport. At Hovair Systems, we’ve developed air bearing technology that not only simplifies these operations but also sets new standards for safety and precision. Our technology minimizes risks, streamlines workflows, and enhances productivity in environments where even small inefficiencies can lead to significant delays or costs. We’re proud to empower maritime industries with tools that make a tangible difference in their day-to-day operations.”
Our air-bearing products are engineered to meet the unique demands of shipyards and ports, where precision, safety, and efficiency are paramount; this technology provides a seamless solution for moving heavy and oversized loads in a fraction of the time required by conventional methods.”
Hovair Systems’ advanced air-bearing technology delivers numerous benefits for maritime operations:
- Enhanced Safety:Air bearings distribute weight evenly, reducing the risk of accidents caused by unstable or shifting loads. This is especially critical when handling oversized or irregularly shaped equipment.
- Precision Movement:The frictionless nature of air bearings allows for the exact positioning of heavy loads, ensuring equipment and cargo are moved with pinpoint accuracy.
- Improved Efficiency:By minimizing the physical effort required for transport, air bearings streamline operations, reduce downtime, and increase throughput.
- Eco-Friendly Operations:Hovair Systems’ solutions are energy-efficient, supporting sustainable practices in shipyards and ports without compromising on performance.
With over 60 years of expertise in air-bearing technology, Hovair Systems has consistently set industry benchmarks for quality and reliability. Their solutions are designed to address complex operational challenges across various industries, including manufacturing, aerospace, and now maritime.
“We are proud to bring our proven air-bearing expertise to shipyards and ports, sectors where our technology can make a significant difference,” added the spokesperson.“It’s a testament to our commitment to delivering innovative solutions that meet the evolving needs of our clients.”
Hovair Systems offers customization options to ensure their air-bearing technology meets the specific demands of each operation. From varying load capacities to modular designs, these tailored solutions provide unmatched adaptability in diverse maritime environments.
About Hovair Systems
Hovair Systems specializes in innovative load-handling technologies with a focus on air-bearing solutions that deliver safety, precision, and efficiency. For over six decades, the company has been at the forefront of industrial innovation, helping clients worldwide optimize their operations.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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