M2P FINTECH, an API infrastructure company that enables businesses of any scale to embed financial products in their customer journeys, has announced an investment of $4 million in Livquik Technology. M2P said in a statement that this strategic investment will allow M2P to build on its ability to serve fintech to go to market faster with new and innovative products.
LivQuik is a Future Group-backed payments technology company. It is a RBI-approved prepaid payment issuer (PPI) and Full-Fledged Money Changer (FFMC). It offers payment gateway and enterprise fintech software development services, and has been managing the Future Pay platform.
LivQuik's CEO Mohit Lalvani said that the pandemic has accelerated the consumers to shift towards digital payments. "This investment and partnership with M2P Fintech is a recognition for the innovative work we've done in the fintech space; we're confident that it will enable us to expand our products and solutions significantly," he added.