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HomeAIIndia’s M2P Fintech acquires Goals101 to tap AI-led transaction behaviour intelligence

India’s M2P Fintech acquires Goals101 to tap AI-led transaction behaviour intelligence

Date:

  • Acquisition Details:
    • M2P Fintech, based in Chennai, India, has acquired Goals101 for approximately $30 million (INR 250 crore).
  • Integration of Goals101:
    • Goals101’s platform, utilizing machine learning and AI for consumer transaction insights, will be integrated into M2P Fintech’s suite of financial services.
  • M2P Fintech’s Current Offerings:
    • M2P Fintech’s existing suite includes core banking, lending, BNPL functionalities, and various card programs designed for integration with banks, fintechs, and non-bank financial companies.
  • Strategic Vision:
    • The acquisition is seen as a catalyst for personalizing digital banking products, enhancing M2P Fintech’s capabilities through Goals101’s big data platform and team.
  • Leadership Transition:
    • Goals101 co-founder, Visham Sikand, will assume an unspecified leadership role at M2P Fintech after the deal’s closure.
  • Industry Perspective:
    • M2P Fintech sees the acquisition as a significant step in responding to the evolving landscape of global banking technology, emphasizing the transformative impact of data and AI in the sector.

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