US AI finance platform Numero has acquired Chennai startup Royu in a cash-and-stock deal described as a double digit million acquisition, despite Royu being under a year old. Royu’s founders will take senior roles as Numero expands into an “agentic AI worker layer” for CFO offices, aiming to deploy AI across finance functions like bookkeeping, order-to-cash, and month-end closing.
Tech Mahindra plans to acquire an 85% stake in Canadian wealth management firm Avant Techno Solutions for CAD 28 million. The move is designed to strengthen its BFSI capabilities, with a focus on payments modernization and wealth platform services. The acquisition is expected to close by July 31, supporting financial institutions as they push through digital transformation.
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