Chennai headquartered M2p Solutions, which owns fintech platform YAP, has raised $4.5 million in a Series A round led by Singapore-based venture capital firm Beenext.

API fintech platform YAP on Tuesday said that it has raised $4.5 million as a part of its Series A round, led by Singapore-based venture capital firm BEENEXT.

Monsoon CreditTech has become one of the seven fintech companies from across the world and the only one from India selected by Mastercard Start Path, part of Mastercard Labs, to be part of its startup engagement program.

M2P Solutions Pvt. Ltd, which operates payments-focussed application programming interface (API) startup YAP has raised $4.5 million (Rs 34.62 crore at current exchange rates), barely two months after its angel funding round.

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The Delhi-headquartered financier operates in the consumer lending and affordable housing segments.

Korean handset maker Samsung said it is bringing its digital lending platform, Finance+, to customers' doorsteps. The service will provide easy financing opportunity to consumers for purchase of Galaxy smartphones in India.

Delhi-based financial services company DMI Group has raised $123 Mn in equity funding through its parent company DMI Limited. The investment in DMI Limited was led by NXC Corporation.

Delhi-based DMI Group, which operates in consumer lending and affordable housing segments, has raised $123 million (about Rs 940 crore at current exchange rate) of equity capital from South Korean gaming company Nexon

DMI Finance has raised $123 million from South Korea-based NXC Corporation, valuing the Delhi-based non-bank finance company founded by two former Wall Street bankers at over $1 billion.

For the digital lending industry 2019 has been a banner year. To start with, the term “fintech,” broadly speaking, became part of the mainstream lexicon, and several startups moved up the valuation chain to attract series A and B funding.