KFintech acquires Hexagram

KFin Technologies, a Hyderabad-based fintech that provides investor and issuer solutions, has acquired Bengaluru-based IT product company Hexagram that specialises in fund accounting and reconciliatio

KFin Technologies, a Hyderabad-based fintech that provides investor and issuer solutions, has acquired Bengaluru-based IT product company Hexagram that specialises in fund accounting and reconciliation product development.

Hexagram will become a wholly owned subsidiary post the acquisition, KFin Technologies said in a release on Wednesday. It, however, did not share details of the financials or the human resources.

The acquisition will help expand fintech product offerings by adding fund accounting and reconciliation solutions to its platform, the company said. The acquisition will also strengthen its presence in South-East Asia due to Hexagram’s established base of BFSI marquee clients in the region.