M2P Fintech Takes Over Nexus Ventures-Backed Goals101 For $30 Mn

M2P Fintech Takes Over Nexus Ventures-Backed Goals101 For $30 Mn

SUMMARY

With this buyout, M2P will integrate Goals101’s technology into its existing suite of financial services

Goals101 uses artificial intelligence (AI)- powered proprietary technology to enable financial institutions to gather insights into their data that can be tailored to accelerate their business growth

M2P reported a 6.2X surge in its net loss to INR 40.9 Cr in FY22 as against INR 6.5 Cr in the previous year

Chennai-based business-to-business (B2B) fintech startup M2P has bought big data analytics and intelligence platform Goals101 in a cash-and-equity deal. 

Though the company has not disclosed the financial terms of the company. However, as per sources, the deal is valued at around INR 250 Cr (around $30 Mn).

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