Indian fintech Aurionpro acquires loan management system Omnifin for $9.8m

  • Mumbai-based fintech firm Aurionpro acquires Omnifin from AS Software Services
  • The all-cash transaction is valued at $9.8 million (INR 820 million)
  • Acquisition includes assets, liabilities, intellectual properties, and over 150 employees and contracts
  • Aurionpro offers banking, payments, and business management solutions
  • The acquisition complements Aurionpro’s lending solutions portfolio
  • Aurionpro aims to expand in India and international markets with this acquisition
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Lloyds Faces Scrutiny Over App Glitch Exposing Customer Data

Parliamentary committee demands answers on serious data breach incident.Highlights: Lloyds Banking Group's app glitch exposed sensitive customer data.MPs...

PayPal Expands Stablecoin to 70 Markets, Enhancing Accessibility

PayPal's new stablecoin launch facilitates broader global access for users.Highlights: PayPal introduces stablecoin to 70 global markets.This move...

Finastra appoints Chris McClellen as Global Head of AI

McClellen aims to enhance Finastra's AI capabilities and solutions.Highlights: Finastra names Chris McClellen as Global Head of AI.McClellen...

Mastercard Strengthens Presence with $1.8 Billion BVNK Acquisition

Acquisition aims to enhance Mastercard's stablecoin capabilities.Highlights: Mastercard acquires BVNK for $1.8 billion.The deal will enhance Mastercard's stablecoin...