Banking infrastructure startup M2P Fintech reported a 33% year-over-year increase in operating scale, surpassing the Rs 500 crore revenue mark in the fiscal year ending March 2025. The company’s API infrastructure enables businesses to launch branded financial services through fintech partnerships across Asia Pacific, MENA, and Oceania.
Despite the revenue surge to Rs 506 crore, up from Rs 382 crore in FY25, M2P Fintech’s costs escalated by 90% during the same period. The firm’s revenue streams include API usage fees, card management charges, and commissions from banking collaborations.
While the company generated revenue primarily domestically, it saw minimal export earnings. Notably, M2P also received income from non-operational sources, totaling Rs 531 crore last fiscal year.
Technology expenditures, cloud services, and co-branding accounted for a significant portion of M2P’s costs, doubling to Rs 325 crore in FY25. Employee benefits expenses rose by 24%, reaching Rs 311 crore.
Legal, advertising, and other overheads contributed to M2P’s total expenses of Rs 786 crore, reflecting a 49% year-over-year surge. The company’s losses widened by 91%, driven by increased technology-related costs.
Source: Entrackr : Latest Posts