M2P Fintech

Layoffs in May 2024, August 2024 and now again the next wave of layoffs.

The very basic problem M2P is facing is- their core banking system project is written in play framework and EJS. Not even experienced (3-6YoE) dev wants to put their hand in the 24*7 constantly breaking code. They are hiring good coders with experience and handsome pay packages and the coder soon sees the system and switches to another company. Now it is rumoured that they are laying off the Mumbai floor and taking the cbs product to the Chennai floor.

- M2P Fintech, an API infrastructure platform, is set to raise $80 million in a new funding round led by a new investor, with existing investors like Insight Partners likely to join. - This funding round comes after two and a half years since the Chennai-based company last raised $56 million at a $650 million valuation. - The new funds will be used to enhance tech infrastructure and accelerate growth in India and overseas markets. - M2P Fintech's API enables businesses to offer branded financial services while ensuring regulatory compliance, operating in multiple countries including India, UAE, and Australia. - The company, backed by Tiger Global, has acquired six companies to date and is expected to be valued at around $880 to $900 million post-money in the new round. Source: Entrackr

If you are very well versed with java And have experience inbetween 3-8 years comment down! Will refer you

Guys, wanted to know how is work culture in M2P, the location is Chennai, I'm an engineer, I am expecting an offer from them, but before I accept, I want to know if somebody knows a little bit about the company and the environment given that the location is Chennai.

How widely is M2P used in the fintech space? Do they have as many clients as they claim on their website? How are their offerings in lending? Asking from a POV of a potential client to them.