Aurionpro Solutions, a leading financial services software company, announced on Friday its acquisition of the Mumbai-based fintech startup Arya.ai. The deal, valued at $16.5 million (approximately Rs 138 crore), will see Aurionpro acquiring a 67% stake in Arya.ai, enhancing its capabilities in artificial intelligence (AI) and expanding its market reach into the United States and Southeast Asia.
Founded in 2013 by IIT Bombay alumni Vinay Kumar and Deekshith Marla, Arya.ai has carved a niche in the banking and insurance sectors by developing advanced AI solutions that streamline data analysis, risk underwriting, and fraud detection. This platform-as-a-service company had previously raised about $2 million from notable investors including YourNest, DMI Sparkle Fund, and Venture Nursery. According to Kumar, most of these investors will exit their positions following the transaction, although some angel investors will retain their stakes.
Aurionpro Solutions CEO Ashish Rai expressed enthusiasm about the acquisition, stating, “Integrating Arya.ai’s cutting-edge enterprise AI will significantly enhance our business offerings and allow us to expand our geographical footprint into the US and Southeast Asia, tapping into new markets and opportunities.” Currently, Aurionpro generates about 60% of its revenue from India, with the remaining 40% coming from international markets, including an 8% share from the US and 4% from Europe, West Asia, and Africa.
Arya.ai has made significant strides in the fintech sector by providing cloud-based AI tools that help financial service firms analyze data, underwrite risks, and monitor fraud more efficiently. The startup also automates essential banking processes such as reading and analyzing bank statements and collecting Know Your Customer (KYC) details, crucial for banks, lenders, and insurers. “We’ve been growing 3x year-on-year in the last couple of years and have been profitable,” noted CEO Kumar. Arya.ai currently serves around 95 clients, including major divisions of top Indian banks such as ICICI Bank, HDFC Bank, and Axis Bank.
Following the acquisition, all employees of Arya.ai will continue to operate independently within the startup to maintain the innovative drive and focus that has been central to its success. Aurionpro, which employs about 2,300 staff globally, views this acquisition as a strategic enhancement to its service offerings and a step forward in its global expansion strategy.
The transaction was advised by Four-S Services, confirming the strategic importance of this acquisition in the increasingly competitive and AI-driven fintech landscape. As Aurionpro integrates Arya.ai’s AI technologies, it is poised to set new benchmarks in financial services, driving innovation and efficiency across global markets.
