Chennai-based soonicorn M2P Fintech has onboarded Hitachi Payments’ chief financial officer (CFO) Vivek Seshadri to take over as the startup’s maiden group CFO.

Seshadri’s role as Group CFO will involve overseeing M2P’s finance, investor relations, capital strategy, and M&A initiatives. He will work closely with the leadership team to drive operating leverage, strengthen financial systems, and support M2P’s expansion across key global markets.

Prior to joining the B2B fintech startup, Seshadri held the CFO role at Hitachi Payment Services for two years. He has worked with investment firms like Avendus Capital, JP Morgan and U GRO Capital, under various leadership roles, holding an overall experience of about 15 years.

Founded in 2014 by Madhusudanan R, Muthukumar A and Prabhu Rangarajan, M2P Fintech provides fintech solutions across payments, banking and lending to banks, NBFCs and online businesses. The startup was last valued at over ₹6,550 Cr ($783 Mn), during its ₹850 Cr ($101 Mn) Series D financing via a combination of primary and secondary deal in 2024.

The fintech startup has raised a total funding of about $210 Mn to date from the likes of Tiger Global, Helios Investment Partners, and BEENEXT.

M2P Fintech posted a loss of ₹133.5 Cr in FY24, a mere 0.15% increase from ₹133.3 Cr in the previous fiscal year. However, the startup’s operating revenue slipped 13.3% to ₹382 Cr in the year under review, from ₹440.7 Cr in FY23. It is yet to disclose its FY25 and FY26 performance. 

The development comes at a time when there have been a series of leadership shifts in the broader startup ecosystem, in hopes of growing their financial performance, doubling down on the AI front and their potential IPO goals.

To recall some of the major leadership appointments in April, fintech peer Cashfree Payments roped in ex-Visa finance head Sameer Gandhi as its new CFO, EV manufacturer Zelio E-Mobility onboarded former Navi UPI business head Divyanshu Agarwal as its CEO, and healthtech startup Practo named Srijesh Kumar as its global chief product and technology officer (CPTO).

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