The funding is still not closed with the company looking to raise an additional $4 million as a part of the same round, people aware of the development confirmed to ET. All told, the company has raised over $107 million in equity funding, till date. Madhusudanan added that the company is also working with legacy credit companies such as TVS Capital and Muthoot Finance, helping them embeds newer fintech offerings. The company now plans to establish its product offerings across 20 countries by the end of the year with a focus on Asia and the Middle-east. Last year, the company acquired credit card decisioning platform, Wizi, and loan recovery software provider, Origa. M2P Fintech provides API infrastructure which enables businesses of any scale to embed financial products.