A software as a service (SaaS) fintech company based in India, Infibeam Avenues Limited offers businesses across various industries in India and abroad digital payment services, eCommerce platforms, digital lending, data cloud storage, and omnichannel enterprise software. The company participates in the payment infrastructure market through its flagship brand, CCAvenue, processing more than $49 billion in online payments. More than 6.4 million merchants are reportedly using Infibeam Avenues’ platform. Vishal Mehta founded the business in 2007, and it has offices in Delhi, Mumbai, and Bengaluru in addition to its headquarters in GIFT City, Gujarat, India.
- Infibeam Avenues Limited reported Total Income for Q4 FY23 of ₹673.62 Crore up from ₹372.06 Crore year on year, a growth of 81%.
- Total Expenses for Q4 FY23 of ₹619.79 Crore up from ₹341.59 Crore year on year, a growth of 81.4%.
- Consolidated Net Profit of ₹38.43 Crore, up 36% from ₹28.24 Crore in the same quarter of the previous year.
- The Earnings per Share is ₹0.14, up from ₹0.10 in the same quarter of the previous year.