ServiceNow bets $40 million on Indian banking software specialist to expand its financial services push
ServiceNow is buying reach into banking AI with a $40 million strategic stake in BusinessNext.
The investment values the Noida-based banking software company at $700 million and gives ServiceNow about 5%. BusinessNext serves more than 70 banks, with roughly half its revenue already coming from outside India. The companies plan to sell together: BusinessNext on customer-facing banking workflows, ServiceNow on enterprise and back-office automation. TechCrunch AI's note
The investment values the Noida-based banking software company at $700 million and gives ServiceNow about 5%. BusinessNext serves more than 70 banks, with roughly half its revenue already coming from outside India. The companies plan to sell together: BusinessNext on customer-facing banking workflows, ServiceNow on enterprise and back-office automation. TechCrunch AI's note
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