New Delhi, April 11 -- Indian IT services company Aurionpro Solutions Limited has announced the acquisition of Hyderabad-based Fintra Software Private Limited, a move aimed at enhancing its transaction banking offerings, particularly in trade finance.
As part of the agreement, Aurionpro will acquire a full 100% stake in Fintra, including its intellectual property and existing resources. The acquisition is expected to expand Aurionpro's product capabilities by integrating Fintra's back-end trade finance technology with its existing platform.
Fintra has already been working alongside Aurionpro, with its back-end systems currently integrated into Aurionpro's trade platform. This solution is in use by several banks across India, Southeast Asia, and the Middle East.
The integration will allow Aurionpro to offer a more complete trade finance system, supporting services such as Letters of Credit, Open Accounts, and Supplier and Buyer Finance. The aim is to simplify operations for corporate clients using these banking services.
Aurionpro also plans to incorporate advanced trade automation through its Artificial Intelligence (AI) subsidiary, Arya.ai. This is part of the company's broader effort to develop a next-generation transaction banking platform.
"This acquisition marks an important step for Aurionpro as we double down on our strategic focus to create the future of Trade Finance technology and significantly expand our functional coverage in Transaction Banking," said Ashish Rai, Global CEO of Aurionpro.
In December 2024, Aurionpro Solutions also acquired Paris-based consulting firm Fenixys in a deal valued at €10 million (around $10.4 million).
Fenixys specialises in capital markets and has worked with major banks and financial institutions across Europe and the Middle East for more than a decade. The acquisition is expected to support Aurionpro's strategy in banking and financial technology by adding regional expertise and strengthening its presence in Europe.
Published by HT Digital Content Services with permission from TechCircle.