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NTWK News
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NetSol Renews Multi-Million Dollar Partnership with UK Bank
NetSol Technologies announced the renewal of its long-standing partnership with a multinational bank in the United Kingdom, with a multi-million-dollar extension for the continued use of NetSol's finance and leasing platform. Under this renewed agreement, the bank will continue leveraging NetSol's finance and leasing platform to support its retail and wholesale finance operations. The extension builds on a relationship spanning more than 15 years and reinforces NetSol's presence in the UK asset finance market.
NETSOL Signs Over $10M Contract with U.S. Auto Finance Company
NETSOL Technologies has announced that a tier-one U.S.-based auto captive finance company has gone live with its Transcend Finance platform in China under a contract valued at over $10M. Designed with a modular architecture for scalability and flexibility, Transcend Finance enables lenders, captives and commercial financiers to accelerate digital transformation, launch new business models and manage the complete finance lifecycle with intelligence and precision. This implementation marks a significant step forward in the client's modernization and technology-driven growth.
NETSOL Q2 Revenue Increases 21% YoY to $18.8M
Reports Q2 revenue $18.8M vs. $15.5M last year. Najeeb Ghauri, CEO,said "NETSOL delivered a strong second quarter of fiscal 2026, with total net revenues up 21% year-over-year to $18.8M. Services revenue grew 41%, driven by active implementations of Transcend Finance and Transcend Retail, and we view implementation momentum as an important leading indicator of future subscription scale. Transcend Retail is gaining meaningful traction in the U.S. automotive market, with adoption by leading dealer groups and franchised dealerships. Partnerships with MINI USA, Sonic Automotive, Indigo Auto Group, and others reflect growing validation of our platform and the outcomes it enables for dealers. While SaaS revenue growth is currently moderated by the timing of customer go-lives, we believe recurring revenues can accelerate over time as these deployments complete. We are also investing in AI to extend our product roadmap, including Check, an AI-enabled credit decisioning capability built into our loan origination system, designed to help credit and funding teams work faster and with greater precision by turning data into real-time, actionable decisions."
NETSOL Deploys Transcend Finance Platform for Northridge Finance
etSol Technologies has announced the deployment of its Transcend Finance platform for Northridge Finance, a division of Bank of Ireland UK, to optimize its wholesale finance capabilities. "We are thrilled to announce that we have successfully implemented our Transcend Finance platform for Northridge Finance to underpin their growth strategy of their wholesale finance operations," said Najeeb Ghauri, Founder and Chief Executive Officer of NETSOL Technologies Inc. "Northridge have exciting plans and wanted differentiated and elevated capabilities in wholesale stocking. Transcend Finance gives them increased operational agility, automation, faster payments, robust risk management and a richer dealer experience they can use to grow their portfolio. We are excited to partner with them as they embrace the future of wholesale finance with our cutting-edge technology."
NETSOL Appoints Sardar Abubakr as CFO
NETSOL Technologies (NTWK) announced the appointment of Sardar Abubakr, as CFO Abubakr will be based in Dubai, UAE. Roger Almond, the Company's current CFO, will remain with NETSOL as Chief Accounting Officer, responsible for NETSOL's global accounting operations and the preparation of its Forms 10-Q and Form 10-K filings. Most recently, Abubakr served as Vice President of New Business Ventures and M&A at Jazz, a subsidiary of VEON Group (VEON).
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