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ServiceNow bets $40 million on Indian banking software specialist to expand its financial services push
ServiceNow's investment gives BusinessNext a strategic partner to expand its AI-powered banking software globally.
AI Summary
ServiceNow has invested $40 million in BusinessNext, a 24‑year‑old Indian banking software specialist, valuing the company at $700 million and giving ServiceNow about a 5 % stake. The investment is part of ServiceNow’s strategy to deepen its presence in global financial services. BusinessNext will gain access to ServiceNow’s worldwide sales network as the two companies expand their partnership in AI for financial services.
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