M2P Fintech makes its third acquisition of the year with Syntizen

By Leandra Monteiro

M2P Fintech, a Chennai-based banking and payments financial services API platform, announced the acquisition of Syntizen, a Hyderabad-based identity verification services provider. The amount of the acquisition was not disclosed by the companies. This is the FinTech company’s third acquisition of the year.

Syntizen is an identity verification company that aims to provide an instant, paperless, electronic and authentic customer solution for any industry using UIDAI’s Aadhaar. Electronic Know Your Customer, Electronic Signing, Digi Locker and Aadhaar Pay are the main services that are part of their electronic customer solutions (e-COS). Currently, Syntizen provides B2B solutions to NBFCs, Banks, HFCs, Stockbrokers and other industries

M2P Fintech is an API infrastructure company that enables businesses of any scale to embed financial products into their customer journeys. The agile platform allows companies to rapidly create and deploy FinTech products by simplifying partnerships with banks, PPIs, FIs and other regulated entities. The company delivers deep domain expertise with significant speed to market while maintaining the scalability, security and reliability at the core of its offerings.

IBS Intelligence recently reported that M2P Fintech has acquired Finflux, a cloud lending platform. With this acquisition, M2P Fintech said it looks forward to rolling out advanced lending products that are secure, scalable and cloud-ready and accelerating the adoption of next-generation digitization and workflow automation.