BusinessNext Raises US$40 Million Series C at US$700 Million Valuation

The company will use the new funding to improve its autonomous banking platform and strengthen its Private AI capabilities for banks and other financial institutions.

BusinessNext also plans to expand its business into Australia, New Zealand, and Southeast Asia. The company aims to bring its AI-powered banking solutions to more customers in these markets.

The new funding has significantly increased BusinessNext’s valuation from around US$150–181 million in 2021 to US$700 million today. This growth shows that investors have strong confidence in AI-powered banking software platforms.

“Autonomous banking is not a vision we are chasing — it is a category we have been building for years. Today, as AI has matured, this investment will further accelerate our efforts to deliver Private AI solutions, meeting the unique needs of banking and financial services, helping ensure the highest level of security while meeting all regulatory governance frameworks and sovereignty aspects” said, Nishant Singh, CEO, Businessnext.

“India's financial services sector is at an inflection point — institutions are moving from digital experimentation to full-scale AI-led operations. ServiceNow's investment in Businessnext is a direct bet on that transformation, bringing together deep banking intelligence and enterprise-grade AI orchestration to help Indian banks and insurers move faster, serve customers better, and operate with far greater efficiency." – Kulmeet Bawa - GVP & Managing Director, India & SAARC, ServiceNow.

Founded by Nishant Singh, BusinessNext is an AI-powered banking software company that provides autonomous banking and customer relationship management (CRM) solutions for banks and other financial institutions around the world.

The company first started as a CRM platform for banks. Over time, it has grown into an AI-powered autonomous banking platform that helps banks automate customer service, sales, customer engagement, and everyday banking operations.

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