M2P Fintech appoints Vivek Seshadri as CFO, begins IPO groundwork – The Economic Times

Fintech startup M2P Fintech has appointed Vivek Seshadri as its group chief financial officer, as the company begins groundwork for a potential public listing in India.

In a statement, the company said Seshadri will drive capital discipline and help put in place internal systems ahead of its planned IPO.

Seshadri brings over 15 years of experience and has previously worked with Hitachi Payments Services, besides holding leadership roles across investment banking and investor relations. He has previously worked in Avendus, JP Morgan and UGro Capital.

M2P Fintech offers digital banking infrastructure, including core banking platforms, card payment solutions and lending software systems that power fintechs, banks and corporates to deliver financial services.

“His leadership will help us strengthen our financial foundations while preparing M2P for the next stage of our evolution, including a potential public market journey in the years ahead,” said Madhusudanan R, chief executive officer, M2P Fintech.

The Chennai-headquartered company is backed by Beenext, Tiger Global, Flourish Ventures and Taj Investment Holdings. Founded in 2014, M2P Fintech has raised $188 million so far and was last valued at around $769 million.