Indian financial technology company
Infibeam Avenues Limited is an Indianfinancial technology company that provides digital payment services,eCommerce platforms , digital lending, datacloud storage and omnichannel enterprise software to businesses.[ 2] [ 3] [ 4]
It provides payment infrastructure services through its flagship brand, CCAvenue.[ 5] crore (10 million) merchants on its platform. It also operates in overseas markets likeUnited States ,Saudi Arabia ,UAE , andAustralia .[ 6]
It is headquartered inGIFT City ,Gujarat , India with offices inDelhi ,Mumbai andBengaluru .[ 7]
Infibeam Avenues was established in 2007 by Vishal Mehta.[ 8] BSE and theNSE in 2016.
On 7 September 2022, Infibeam Avenues launched its omni-channel mobile app CCAvenue TapPay that allows businesses and entrepreneurs to convert any NFC-enabledAndroid phone into smartPoS terminals .[ 9]
In August 2024, Infibeam Avenues acquired a 54.1% stake in internet business firmRediff.com .[ 10] [ 11]
Infibeam provides a digital payment gateway service through CCAvenue.[ 12] [ 13]
On November 20, 2017, Infibeam Avenues launched BillAvenue, a digital bill payments platform built over theBharat Bill Payment System (BBPS) infrastructure to enable service providers to accept online and offline bill payments from customers.[ 14] [ 15]
Infibeam Avenues has a lending aggregation platform called Trust Avenue.[ 16]
Infibeam Avenues' enterprise ecommerce software platform BuildaBazaar (BAB) hosts an online marketplace for government procurement. The company entered into an agreement withJio Platforms to offer its enterprise software licence and enterprise digital payments platform to Jio Platforms' internal businesses.[ 17] [ 18] [ 19]
Infibeam providesdata center-as-a-service , and built a Tier-III data center in GIFT City,Gandhinagar .[ 20]
Mergers and acquisitions [ edit ] Year Type Company Services Stake Cites 2024 Acquisition Rediff.com news portal and enterprise email services 54% [ 10] 2024 Investment XDuce enterprise app and AI development 20% [ 21] 2023 Investment Pirimid Fintech capital markets financial software 49% [ 22] 2022 Investment Vishko22 enterprise software products 50% [ 23] 2022 Acquisition Uvik software point-of-sale [ 24] 2020 Acquisition Cardpay Technologies spend management platform [ 25] 2018 Acquisition Instant Global Paytech digital payments tech 48% [ 26] 2017 Merger CCAvenue payment gateway [ 27] 2017 Acquisition DRC Systems software services [ 28] 2014 Acquisition Odigma digital marketing $5 million [ 29]
^a b "Infibeam Avenues reports 55% jump in profits at Rs 147 crore for FY24" .The Economic Times . 16 May 2024.^ Dutta, Vishal (19 August 2019)."Fintech firm Suvidhaa plans e-commerce foray" .The Economic Times ^ "Migration Message" (PDF) .Suvideals.ooo .^ "Infibeam's BillAvenue adds 1 million agents; targets reaching 5 million agents by 2025" .The Economic Times . 6 March 2023.^ "Infibeam Avenues Unveils CCAvenue SoundBox Max, A Next-Generation Payment Solution for Merchants - Indian Startup Times" .Indianstartuptimes . 3 September 2024.^ "Infibeam Avenues Ltd deepens its reach in digital payments" .EquityBulls . 4 January 2023.^ S. Prem Kumar."Infibeam's double-edged strategy" . The Smart CEO. Retrieved29 April 2013 . ^ Suresh P. Iyengar (6 October 2013)."No competitors here, all are partners" . The Hindu Business Line. Retrieved8 December 2014 . ^ "Infibeam Avenues launches mobile app with TapPay feature" .The Economic Times . 30 June 2022.^a b "Infibeam Avenues acquires 54.1% stake in Rediff.com for ₹50 crore" .BusinessLine . 2 August 2024.^ "Infibeam founder Vishal Mehta becomes Rediff's new Chairman and Managing Director" .Business Today . 4 October 2024.^ Umarji, Vinay (4 November 2021)."Infibeam's CCAvenue starts TokenPay to help merchants comply with RBI norms" .Business-standard.com . ^ "Infibeam Avenues receives RBI in-principle nod for payment aggregator licence" .The Economic Times . 27 October 2022.^ "Infibeam subsidiary Avenues India launches BillAvenue - ET Retail" .ETRetail.com .^ "Infibeam Avenues announces perpetual renewal of 'Bharat Bill Payment' license by RBI" .cnbctv18.com . 26 December 2022.^ "Infibeam Avenues plans AI-based lending for its 3 million merchants through tie-ups with banks, NBFCs" .Financialexpress . 10 August 2021.^ "TTK Prestige Announces e-Commerce Alliance with Infibeam.com" .The Economic Times . 21 January 2010. Retrieved5 May 2013 .^ "Infibeam enters into an agreement with Reliance Jio for its enterprise solutions" .Moneycontrol . 5 October 2020.^ Suneja, Kirtika; Agarwal, Surabhi."Intellect, Infibeam bag contract for government marketplace" .The Economic Times . ^ George, Aaron St."Infibeam Avenues receives Tier III Design Certification from Uptime Institute for its Data Center - equitybulls.com" .uptimeinstitute.com . ^ "Infibeam Avenues Acquires 20% Stake In US-Based AI Development Company XDuce For $10 Mn" .Inc42 Media . 25 February 2024.^ "Infibeam Avenues picks up 49% stake in Ahmedabad-based Pirimid Fintech" .Business Standard .^ "Infibeam Avenues invests in software startup Vishko22" .The Economic Times . 25 August 2022.^ Vora, Rutam (7 February 2022)."Infibeam to bring technology that converts smartphones into 'payment terminals' .Thehindubusinessline.com . ^ "Infibeam Avenues acquires Cardpay Technologies" .The Economic Times . 8 June 2020.^ "Infibeam Avenues invests in Instant Global Paytech" .www.businesstoday.in .^ "Infibeam set to merge payment gateway firm CCAvenue with itself" .Techcircle . 14 February 2017.^ Dutta, Vishal."Infibeam acquires cloud ERP solutions provider DRC Systems" .The Economic Times . ^ "Infibeam acquires digital marketing firm ODigMa for $5 mn" .Business Standard India . 24 February 2014.
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Related topics Protocol Rates &
Regulators Insolvency,
Boards Legislation Companies Asset Reconstruction Company of India Limited Edelweiss Asset Reconstruction Company IIFCL Asset Management Company Limited
Legislation Banking Regulation Act, 1949 Government Securities Act, 2006 IBC, 2016 National Bank for Financing Infrastructure and Development Bill, 2021 RBI Act, 1934 SARFESI Act, 2002 Income-tax Act, 1961 Companies Act, 2013 Insurance Act, 1938 FEMA, 1999 Recovery of Debts Due to Banks and Financial Institutions (RDDBFI) Act, 1993 Tribunals Measures Other
Payment gateways Mobile wallets Online investments Lending
₹3,171crore (US$380 million)[1]
