Loan origination, loan management, co-lending, Buy Now Pay later (BNPL), marketplace integration, app-based lending, alternative data-based credit scoring and analytics are included in Finflux’s cloud lending platform offerings
Bengaluru-based cloud lending platform Finflux has been acquired by API infrastructure company M2P Fintech to boost M2P’s digital lending and neo-credit plans. The financial details of the deal were not disclosed, but it is learnt to be a cash and stock deal of around $15-20 million.
Since its launch in 2014, this is M2P Fintech’s fourth acquisition and it expects the buy to help accelerate the roll out of secure and scalable digital lending products. The cloud lending platform Finflux will continue to operate as an independent brand.
Loan origination, loan management, co-lending, Buy Now Pay later (BNPL), marketplace integration, app-based lending, alternative data-based credit scoring and analytics are included in Finflux’s cloud lending platform offerings. Including lending fintechs, non-banking financial companies (NBFC), microfinance, banks, and others, it has more than 60 global customers.
“With Finflux and the formidable team led by Nayan (Nayan Ambali, Finflux founder), 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 get a major thrust with Finflux’s platform and we are embarking on a mission to digitise the lending ecosystem,” Madhusudanan R, co-founder of M2P Fintech, said.
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