M2P Fintech Appoints Vivek Seshadri as CFO Amid IPO Preparations
M2P Fintech appoints Vivek Seshadri as CFO, begins IPO groundwork
The Economic TimesImage: The Economic Times
M2P Fintech, a Chennai-based fintech startup, has appointed Vivek Seshadri as its Chief Financial Officer as it lays the groundwork for a potential IPO in India. With over 15 years of experience in the finance sector, Seshadri aims to strengthen the company's financial systems ahead of its public listing.
- 01Vivek Seshadri appointed as CFO of M2P Fintech.
- 02The company is preparing for a potential IPO in India.
- 03Seshadri has over 15 years of experience in finance and investment banking.
- 04M2P Fintech has raised $188 million and was valued at $769 million.
- 05The company reported total revenue of ₹530 crore and a net loss of ₹251 crore for FY25.
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M2P Fintech, a fintech startup based in Chennai, India, has appointed Vivek Seshadri as its Chief Financial Officer (CFO) as it begins preparations for a potential initial public offering (IPO). Seshadri, who brings over 15 years of experience in finance, including roles at Hitachi Payments Services and investment banking firms like JP Morgan, is expected to enhance the company's capital discipline and internal systems. M2P Fintech, founded in 2014, specializes in providing digital banking infrastructure, including core banking platforms and lending software. The company has raised a total of $188 million and was last valued at approximately $769 million. For the fiscal year 2025, M2P reported total revenue of ₹530 crore (roughly $64 million USD) and a net loss of ₹251 crore (approximately $30 million USD). CEO Madhusudanan R expressed confidence that Seshadri's leadership will pave the way for the company's future growth, including its journey towards public markets.
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The appointment of Vivek Seshadri as CFO and the potential IPO could enhance M2P Fintech's operational efficiency and market presence, benefiting stakeholders in the fintech ecosystem.
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