Aurionpro Fintech announces significant new order win in the US

Aurionpro Fintech Inc., an Aurionpro subsidiary in the US, is delighted to announce a significant order win. This new order, with one of the largest payment facilitators in the US offering merchant payment services in the insurance financing segment, will help to expand the existing long-term relationship with this strategic client.

Aurionpro has developed and implemented the Aurionpro Payments Framework, which is a cutting edge, comprehensive payments platform that is already Live for this client. This new order includes an expansion of the Client platform, AWS infrastructure support and extended services that will facilitate ongoing support, maintenance and enhancements. The order, valued at US $ 18 mn (close to INR 150 Crores), will be spread over three years commencing with the calendar year 2023.

Mr. Raj Biyani, EVP - Head, North America, said "It is encouraging to see a key strategic client reinforce their commitment and trust in our relationship in such a significant way and we are grateful. This is a key win for us as it provides a strong validation of market relevance and robustness of our solution capabilities and reinforces our already strong credentials as a trusted payment technology provider in the market. We are focused on significantly expanding our reach and impact in the US fintech landscape and this win will greatly help accelerate our progress in this direction."

Shares of Aurionpro Solutions Limited was last trading in BSE at Rs. 301.90 as compared to the previous close of Rs. 322.70. The total number of shares traded during the day was 101861 in over 1212 trades.

The stock hit an intraday high of Rs. 344.60 and intraday low of 298.15. The net turnover during the day was Rs. 30905863.00.

Source : Equity Bulls

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AurionproSolutions INE132H01018 AurionproFintech US OrderWin