M2P Fintech’s road to rediscovery has hit a bump. The partnership with Unity was one such setback. Unity has formally exited the company. Unity was by far the bigger customer. The setback hits M2P hard as one of the top fintech players in India, after raising capital from venture capital firms at improved valuations last year.
Digio, founded by Nithin Kamath and Abhimanyu Pandian, has “slowly and silently become the back-end infrastructure provider to several industries”. The software-as-a-service (SaaS) company offers a suite of tools built around reducing paperwork, including Know Your Customer (KYC) checks, document management, compliance monitoring, and financial information aggregation. It was an early player in the space and quickly onboarded most of the stockbrokers and e-signing players. What sets Digio apart is its all-round product, focusing on the “forefront of India’s paperless digital transformation”.
