365telugu.comonline news,Chennai,July 6,2022: M2P Fintech,Asia’s large st API infrastructure company, today announced the acquisition of Finflux, a Bengaluru headquartered cloud lending platform that caters to a wide array of customers.This unification will enable M2P Fintech to acceler ate the adoption of next-generation digitization,workflow automation and roll out of cutting-edge lending products that are secure, scalable and cloud ready.
Finflux’s cloud lending platform offerings include loan origination, loan management, co-lending, Buy Now Pay Later (BNPL), marketplace integration,app-based lending, alternative data-based credit scoring, analytics. Finflux provides differentiated customer experience through flexible underwriting rules, rules-based automation in workflows, tiered maker-checkers, and customizable approvals. Finflux’s customers include Lending FinTechs, Non-banking financial institutions (NBFC), Microfinance, Savings and Credit Co-Operative Societies (SACCOs), Banks, FIs (Financial Institutions), Business Correspondents, Aggregators and Agent networks. With over 60 global customers from across 15 countries, Finflux serves more than 12 million borrowers.
Madhusudanan R, Co-Founder of M2P Fintech, commented, “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 infinitely. With Finflux and the formidable team led by Nayan, we found a match to cater to the burgeoning and fast evolving digital lending ecosystem across Banks, NBFC’s and fintech. Our key offerings around BNPL and neo credit products gets a major thrust with the FinFlux’s platform and we are embarking on a mission to digitise the lending ecosystem.”
Nayan Ambali, Founder & CEO of Finflux said, “We are thrilled to join the M2P team. With this acquisition, we are closer to our mission of enabling 100 million borrowers. With M2P’s network and resources, we’ll be able to serve our current customers more efficiently, reach a wider market, expand across geographies, and build new technology product experiences at a blitz.”