India, March 4 -- After seeing a 3X year-on-year (YoY) jump in its net loss in the financial year ended March 2023 (FY23), B2B fintech startup M2P Fintech's loss stayed flat in FY24. The startup posted a loss of INR 133.5 Cr in FY24, an increase of 0.15% from INR 133.3 Cr in the previous fiscal year.

However, this came at the cost of its top line. The startup's operating revenue slipped 13.3% toINR 382 Cr in FY24 from INR 440.7 Cr in FY23.

EBITDA loss during the year under review declined to INR 87.8 Cr from INR 108.9 Cr in FY23. Its EBITDA margin improved by 2 percentage points to -23% from -25% in the previous year.

Founded in 2014 by Muthukumar A, Prabhu R, and Madhusudanan R, M2P provides banking, lending and payment solutions to b...