Aurionpro Solutions , a global leader in banking technology, has announced a significant win in the transaction banking sector, further solidifying its position in the Indian financial landscape. The company has secured a multi-year, multi-million-dollar deal to implement its next-generation cash management platform for one of India's leading public sector banks.

Deal Highlights

• The engagement includes software licensing, full implementation, and an extended annual maintenance contract (AMC).
• Aurionpro's cash management solution is part of its comprehensive, AI-native transaction banking platform.
• The platform aims to transform and elevate the banking experience for the bank's corporate customers.

Strategic Importance

This latest win adds to Aurionpro's recent projects with several major public sector banks in India. The deal not only expands Aurionpro's footprint across India's financial sector but also reinforces its status as a trusted partner for leading banks globally in delivering scalable, future-ready corporate banking solutions.

Platform Features

Aurionpro's advanced cash management platform offers a range of features designed to modernize cash management services and enhance customer experience:

• Liquidity management
• Payments and collections
• Reconciliation
• Real-time reporting
• Escrow management capabilities (provided through Fintra, a strategic acquisition)

Market Position and Future Outlook

Ashish Rai, Group CEO of Aurionpro Solutions, commented on the deal: "We are proud to partner with one of India's premier public sector banks in their effort to modernize cash management operations. India is reshaping global banking innovation, redefining how corporate transactions are handled today."

Rai further emphasized the growing demand for AI-native solutions tailored to evolving corporate banking needs and Aurionpro's strong position to capture a significant share of this expanding market opportunity.

About Aurionpro Solutions

Aurionpro Solutions Ltd. is a global enterprise technology leader specializing in intuitive-tech through deep-tech IPs and scalable products. The company has a strong presence across various sectors including Banking, Payments, Mobility, Insurance, Transit, Data Centers, and Government.

With a team of over 3,000 experts and a global-first mindset, Aurionpro is committed to driving growth, transformation, and scale across interconnected value chains through its Business-to-Ecosystem (B2E) approach.

This latest deal underscores Aurionpro's continued success and expanding influence in the transaction banking sector, particularly within the Indian public banking sphere.

Aurionpro Solutions Limited , a leading technology solutions provider, has successfully raised Rs 200.00 crores through a preferential share allotment to five non-promoter investors. The company issued 9,02,935 equity shares at a price of Rs 2,215.00 per share, with each share having a face value of Rs 10.00 and a premium of Rs 2,205.00.

Investor Allocation

The shares were allocated to the following investors:

Allotment Details

The allotment was completed on March 28, 2024, with the newly issued shares carrying equal rights as the existing equity shares of the company. Post-allotment, the investors' shareholding percentages range from 0.68% to 2.71% of Aurionpro Solutions' paid-up equity share capital.

Company's Growth Strategy

This significant capital raise through preferential allotment demonstrates Aurionpro Solutions' ability to attract substantial investments from institutional and individual investors. The funds raised are likely to support the company's growth initiatives and strengthen its financial position in the competitive technology solutions market.

Recent Corporate Activities

Aurionpro Solutions has been actively pursuing strategic growth opportunities. According to a recent corporate announcement, the company's Board of Directors approved the issuance of equity shares on a preferential basis for consideration other than cash, as part of an acquisition strategy. This involved the proposed acquisition of a 17.34% stake in InfrariskSG Pte Ltd, a Singapore/Melbourne-based fintech company.

The technology solutions provider continues to demonstrate its commitment to expansion and value creation for its shareholders through strategic financial moves and acquisitions in the fintech space.