M2P Fintech, Asia’s largest API infrastructure company, has acquired Bengaluru-based Finflux, a cloud lending platform that caters to a wide array of customers. This unification will enable the M2P Fintech to accelerate 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 leading fintech’s, non-banking financial institutions (NBFCs), microfinance, savings, and credit co-operative societies (SACCOs), banks, FIs (Financial Institutions), Business Correspondents, aggregators, and agent networks. 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 customizable, cloud ready platforms that can scale infinitely.