Shares of Aurionpro Solutions Ltd skyrocketed 15%, hitting an intraday high of Rs 1,582 on Friday, 11 April, after the company announced acquiring Fintra Software. 

The company agreed to acquire a 100% stake in Fintra Software Private to strengthen its next-generation trade finance solutions for global banks. The company has acquired all intellectual property rights and related assets from Fintra, aiming to strengthen its position in the Transaction Banking sector.

By integrating Fintra’s solutions, Aurionpro plans to offer a complete end-to-end platform for cash and trade management, further expanding its product suite and reinforcing its presence in the transaction banking space.

Aurionpro Solutions is a technology firm that develops software platforms tailored for Wholesale Banking, particularly in areas like Trade Finance, Supply Chain Finance, Escrow services, and Factoring solutions.

Ashish Rai, Global CEO of Aurionpro, commented, “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. We remain committed to staying ahead of the market in meeting the dynamic demands of our clients, ensuring their corporate clients receive best-in-class services.”

In its quarterly earnings for October-December, the company reported a 5.04% year-on-year (YoY) increase in net profit to Rs 47.34 crore compared to Rs 45.07 crore reported in the same quarter last year.

At 3:30 pm, the shares of Aurionpro Solutions closed 13.31% higher at Rs 1,552 on NSE.

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