April 15, 2024

Internet giant Google will set up its global fintech operation centre at GIFT City in Gujarat, its CEO Sundar Pichai said on Friday after meeting Prime Minister Narendra Modi here.

Pichai also said that his company continues to invest in India though its USD 10 billion (roughly Rs. 81,980 crore) India Digitisation Fund.

Modi is visiting the US from June 21 to June 24 at the invitation of President Joe Biden and First Lady Jill Biden. Besides Pichai, the prime minister at an interaction with top CEOs also met Microsoft CEO Satya Nadella, Apple CEO Tim Cook, OpenAI CEO Sam Altman, and AMD CEO Lisa Su, among others "Today we are announcing the opening of our global fintech operations centre in GIFT City, Gujarat. It will cement India's fintech leadership, thanks to UPI, and Aadhaar. We are going to build on that foundation and take it globally," Pichai said.

SAN FRANCISCO--(BUSINESS WIRE)--6sense, the leading platform to revolutionize the way B2B organizations create, manage and convert pipeline to revenue, today announced it has secured new debt financing totaling $100 million comprising a senior secured revolving credit facility from Silicon Valley Bank (SVB), a division of First Citizens Bank.

Today’s news comes on the heels of the company’s FY2023 impressive results including overall revenue growth of 70% over its 2022 fiscal year, and new customer acquisition and net revenue retention rates that demonstrate the transformative value realized by its customers using 6sense Revenue AI™. Additionally FY2023 was a year of product innovation announcements including 6senseⓇ Revenue AI for SalesConversational Email (now with AI Writer) and Pipeline Intelligence.

“Our relentless focus on execution of our bold vision, operational excellence and proactive cash management enable us to outperform and position 6sense to remain resilient and deliver differentiated value to our customers," said Rob Goldenberg, Chief Financial Officer, 6sense. “The global financial market direction is still fluid, in turn financial institutions are applying scrutiny never seen before. Having met the rigor that is necessary to secure the terms we received, we look forward to working again with SVB on this recent refinancing to fuel future innovation and expansion.”

"SVB is excited to support 6sense as it continues to grow its market presence and remain a leader in delivering RevTech solutions," said Marc Cadieux, President of Silicon Valley Bank’s commercial banking business. “SVB Technology Corporate Banking remains committed to serving leading later stage private and public technology companies, like 6sense, as they continue to succeed and scale in today’s market. Our Bay Area based team has worked with 6sense for years and we look forward to continuing our relationship.”

The new SVB financing provides favorable terms, reflects a more mature capital structure and further supports 6sense’s multi-pronged, AI-forward organic and acquisitive growth strategy. 6sense and SVB replaced a prior outstanding term loan with this new debt agreement.

About Silicon Valley Bank

Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of the world’s most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com.

SVB's Technology Corporate Banking Division works with the most innovative public and late-stage private companies in the U.S. Tech Sector, providing a full suite of lending and banking solutions, as well as guidance as an active and trusted partner helping clients succeed and quickly scale.

About 6sense

6sense is on a mission to revolutionize the way B2B organizations create revenue by predicting customers most likely to buy and recommending the best course of action to engage anonymous buying teams. 6sense Revenue AI™ is the only sales and marketing platform to unlock the ability to create, manage and convert high-quality pipeline to revenue. Customers report 2X increases in average contract value, 4X increases in win rate and a 20-40% reduction in time to close deals. Know everything. Do anythingⓇ, with 6sense.

Mumbai, Maharashtra, India & New York, United States – Business Wire India   

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced that it has been selected by Menzies Aviation, the leading service partner to the world’s airports and airlines, to transform their global finance shared services organization.

WNS will enable Menzies Aviation to transform their financial activities by improving accuracy, efficiency, scalability, security, and process standardization, while reducing the cost of operations. The shared services model will leverage WNS’ travel and logistics expertise, robust portfolio of F&A solutions, and differentiated automation capabilities.

"WNS is extremely proud to announce this strategic relationship with Menzies Aviation. Our extensive experience in the travel industry uniquely enables us to combine the power of domain, talent and technology to manage complex aviation operations and improve competitive positioning for our clients. We are excited to begin this journey with Menzies in the Finance & Accounting space, and look forward to expanding our relationship in the coming years,” said Keshav R. Murugesh, Group CEO, WNS.

"We are looking forward to sharing the benefits from partnering with WNS to help transform our global finance and accounting shared services. We see efficiency and cost effectiveness in the finance function as an important element of providing value to our customers throughout the world,” said Alvaro Gomez-Reino, Group CFO, Menzies Aviation.