Tech Mahindra and Finastra announced on October 23, 2026, that Tech Mahindra had completed its acquisition of Finastra’s cash management products and related intellectual property. The deal moves Tech Mahindra beyond implementing banking software for clients and into owning transaction banking products. Financial terms were not disclosed. The acquired portfolio includes Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management, along with CashPlus, Global CashPlus and associated transaction banking APIs. Finastra product engineering and customer success personnel are being moved into Tech Mahindra’s banking, financial services and insurance division. Tech Mahindra plans to integrate the products into its existing Finastra Centre of Excellence to maintain service continuity for banking clients. The acquisition follows Tech Mahindra’s earlier purchase of an 85% stake in Canadian fintech Avant Techno Solutions and comes as Finastra divests businesses to concentrate on lending and payments software.

Tech Mahindra announced on October 23, 2026, that it had completed its acquisition of Finastra’s Cash Management product suite. The deal brings Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management into Tech Mahindra’s banking, financial services and insurance portfolio. It also transfers intellectual property associated with CashPlus, Global CashPlus, transaction reporting, cash-flow forecasting and treasury APIs. Neither company disclosed the financial terms. The purchase changes Tech Mahindra’s position in corporate banking technology from an implementation and services partner to an owner of software intellectual property. The companies already had a relationship: Tech Mahindra agreed in August 2024 to become Finastra’s exclusive global implementation partner for the Cash Management platform and operates a dedicated Finastra Centre of Excellence. Finastra product engineering and customer success personnel are transitioning to Tech Mahindra to support existing clients. The deal also follows divestitures of other Finastra businesses by its private equity owner, Vista Equity Partners.

Spiko has completed a Series B funding round, taking its total capital raised to $120 million as assets in its tokenized cash funds reached approximately $2.7 billion, five times their level a year earlier. Index Ventures, which led its 2025 Series A, participated alongside Bpifrance, Speedinvest and other investors. The $120 million represents cumulative funding, not the size of the latest round. Spiko serves more than 10,000 business and individual clients across over 25 jurisdictions, offering cash management funds denominated in euros, US dollars, pounds and Swiss francs. Its largest product, the Amundi-managed Spiko Amundi Overnight Swap Fund, accounts for nearly two-thirds of assets. Spiko Finance is licensed as an investment firm in France. The company plans teams in Germany, Italy, Spain, the Netherlands and the Nordics. An integration with Fipto lets corporate clients convert EURC and USDC holdings into its regulated funds; round-the-clock yield accrual and fixed-term tokenized funds remain planned.