Business · 1h ago
ServiceNow invests $40M in Indian banking AI startup BusinessNext
ServiceNow has invested $40 million in BusinessNext, an Indian banking software specialist, at a $700 million valuation. The deal gives ServiceNow a strategic partner to expand its AI-powered banking software globally. BusinessNext's platform helps banks automate workflows and improve customer service using AI.
Meridian48 take
This is a targeted bet on vertical AI for financial services, but the $40M stake at a $700M valuation suggests ServiceNow is paying up for a foothold in a crowded market.
Read the full reporting
ServiceNow bets $40 million on Indian banking software specialist to expand its financial services push →
TechCrunch AI
servicenowbanking-ai