Fintech

ItzCash parent Ebix to buy YouFirst Money

ItzCash parent Ebix to buy YouFirst Money In its second acquisition in the remittance space in India within a week, US-based software services firm and ItzCash parent Ebix Inc has agreed to acquire the money transfer service scheme (MTSS) business of YouFirst Money Express Pvt. Ltd. The deal comes soon after it bought BSE-listed Wall … Continued

ItzCash enables Bharat QR on its PoS terminals

ItzCash enables Bharat QR on its PoS terminals ItzCash, a leading fin-tech company, has rolled out ‘Bharat QR code’ feature across its retail network. With this, users can scan and pay money with ItzCash’s ‘Point-of-Sale (PoS)’ devices by simply flashing their cell phones. “This means that customers have multiple options to make payment through this device – … Continued

US Based Ebix Invests $123 Mn In ItzCash, Acquires 80% Stake; Matrix, Lightspeed, Intel Exit

US Based Ebix Invests $123 Mn In ItzCash, Acquires 80% Stake; Matrix, Lightspeed, Intel Exit US-headquartered Ebix Inc., has invested $123 Mn (INR 800 Cr) in Mumbai-based payments solution firm ItzCash against 80% stake in the company. The funding has been done at a valuation of $150 Mn and Ebix will now be the majority shareholder in the company. … Continued

ItzCash raises Rs 800 crore, gives exits to Matrix, Intel Capital, Lightspeed.

ItzCash raises Rs 800 crore, gives exits to Matrix, Intel Capital, Lightspeed. Mumbai-based fintech company ItzCash has raised Rs 800 crore from US-based Ebix Inc, a global insurance SaaS company. Ebix has acquired 80 per cent stake in the company, thus valuing Itzcash at $150 million and giving exits to early investors Matrix, Intel Capital … Continued

ItzCash and Kings XI Punjab Drive Epilepsy Awareness

ItzCash and Kings XI Punjab Drive Epilepsy Awareness The current IPL squad of Kings XI Punjab has joined hands with ItzCash, India’s leading digital payments fintech to drive awareness around epilepsy. Team players Glenn Maxwell, D. Sammy, Axar Patel, Martin Guptill, Ishant Sharma and Mannan Vohra along with the officials came together on Wednesday 10th May 2017, to support the social cause thereby eliminating … Continued

ItzCash Turns a Page with Profits, Revenue Jumps 40% to Rs 250 crore

ItzCash Turns a Page with Profits, Revenue Jumps 40% to Rs 250 crore Payments company ItzCash turned profitable in 2016-17, according to managing director Naveen Surya. The Mumbai-based company made close to Rs 250 crore in revenue across all its businesses, a nearly 40% jump over the revenue of about. Rs 180 crore in the … Continued

ItzCash voted amongst the most trusted BFSI brand in India

ItzCash voted amongst the most trusted BFSI brand in India 1st Top Trusted brand in ‘Prepaid services’; ranked among top 30 in overall BFSI category, as per Brand Trust Report by TRA Indian consumers have voted ItzCash, India’s largest Fintech payments company, amongst the most trusted Banking Financial Services Brand. ItzCash ranked among top 30  across … Continued

ItzCash that Finly will get for keeping corporate books

ItzCash that Finly will get for keeping corporate books Digital payment company ItzCash has made an equity investment in Bengaluru- based fintech startup Finly.io, which has developed an expense management tool for corporates. Itzcash MD Naveen Surya said this is the first among the several investments and partnerships the company is looking to make in … Continued

ItzCash’s Attempt To Make India Financially PHYgital

In the mid-2000s, Internet penetration had just begun in the lower sections of society and mobile adoption was increasing. But, when it came to payments or any kind of financial transactions, there was cash and only cash. “In 2005-2006, 97% was cash and only 3% was digital,” begins Naveen Surya, the co-founder of payments platform ItzCash. “This … Continued

, , , , , , , , , Comments Off on Paytm, ItzCash, RazorPay and PayU making most of this unexpected business opportunity

Paytm, ItzCash, RazorPay and PayU making most of this unexpected business opportunity

Paytm, ItzCash, RazorPay and PayU making most of this unexpected business opportunity It has been an extremely busy period for the fintech industry right from the night of November 8, when the Prime Minister announced demonetisation of high denomination currency notes. For companies in the sector, it was a boon. Banks, on the other hand, … Continued