Funding · Financial Services

M2P raises Rs 100 crore debt from Alteria Capital

By Startup Enthusiast · 7 August 2026

What they do

M2P provides modular API-first banking infrastructure for financial institutions

The company secured a three-year Rs 100 crore debt facility from Alteria Capital

Funds will support AI product development and refinance higher-cost previous debt

M2P Fintech has raised Rs 100 crore in a debt facility from Alteria Capital.
This marks the company's second debt raise to date.
The loan carries a fixed term of three years.
The interest rate for this facility remains undisclosed by the CEO.
A small portion of funds will be used to refinance higher-cost debt raised in 2023.
The primary use of funds is for AI product development and computing capacity.
Expenses also cover token consumption related to their technology stack.

Debt financing allows M2P to fund growth without diluting equity ownership.
Refinancing older debt helps reduce the company's overall cost of capital.
Investing in AI infrastructure supports their strategy as an AI-native provider.

M2P offers an AI-native infrastructure platform for modern financial institutions.
Their core stack is modular and API-first, covering deposits, payments, and lending.
The solution includes tools for cards, fraud detection, and compliance management.
They provide a unified payments stack for UPI, prepaid cards, and cross-border transactions.
The card suite handles issuance, controls, risk, and settlement processes.
Lending features include origination, underwriting, servicing, and collections with embedded intelligence.
Onboarding uses automated workflows with facial verification and AML checks.
The ops layer manages reconciliation and exception handling through unified workflows.
M2P serves over 800 fintech clients across its global network.