M2P Fintech acquires Finflux to boost digital lending capabilities

Financial infrastructure provider M2P Fintech is acquiring Bengaluru-based cloud-lending platform Finflux for an undisclosed sum, the company said today.

According to M2P, the acquisition will allow it to improve workflow automation and roll out support for lending products.

“The consumption credit story in India is at a tipping point and we believe with the macro factors playing out, there is going to be immense potential for highly customisable, cloud-ready platforms that can scale. With Finflux, we can cater to the burgeoning and fast-evolving digital lending ecosystem across banks, NBFC’s and fintech,” said Madhusudanan R, cofounder, M2P Fintech.