AI/TECH
BusinessNext Bags $40M to AI-Power Bank Branches
Banking software provider BusinessNext just secured a $40 million injection from ServiceNow Ventures, pushing its valuation to $700 million.
BusinessNext, a provider of AI-powered software for banks and financial institutions, has secured a $40 million funding injection from ServiceNow Ventures. The platform is currently used by over one million bankers across more than 75,000 branches globally.
- Raised $40 million in funding from ServiceNow Ventures.
- Valuation hits $700 million following the investment.
- Platform supports more than one million bankers globally.
- Operates across over 75,000 bank branches worldwide.
WHY THIS MATTERSWHY THIS MATTERS: Your bank is aggressively automating its backend with AI to handle your loan applications, customer service chats, and fraud detection. This cash injection means that algorithmic banking infrastructure is scaling up fast, whether you asked for it or not.