Aurionpro Solutions has acquired Hyderabad-based Fintra Software to enhance its transaction banking capabilities, particularly in trade finance.

Information on the Target

Aurionpro Solutions Limited, a prominent technology solutions provider, has announced its acquisition of Fintra Software Private Limited, a Hyderabad-based firm specializing in software solutions for wholesale banking. Founded in 2015, Fintra Software is known for its expertise in Trade Finance, Supply Chain Finance, Escrow, and Factoring, offering robust solutions that enhance operational efficiency and profitability for financial institutions.

The acquisition will involve Aurionpro acquiring a 100% stake in Fintra, including all intellectual property rights and resources. This integration is aimed at enhancing Aurionpro's Transaction Banking offerings, particularly its trade finance capabilities, and strengthening its existing partnership with Fintra, which has already contributed to the success of Aurionpro’s trade platform.

Industry Overview in India

The financial technology sector in India has been experiencing rapid growth, driven by increased demand for technology-driven banking solutions. With a significant rise in digital banking and transaction solutions, banks are under pressure to m