Money transfer

ItzCash Parent Ebix To Buy Wall Street Finance Arm For $7.4 Million

ItzCash Parent Ebix To Buy Wall Street Finance Arm For $7.4 Million U.S.-based software services firm Ebix Inc entered into an agreement to acquire Wall Street Finance’s money transfer service scheme and its subsidiary Goldman Securities Ltd. for $7.4 million. The deal will allow Ebix to remit money sent from abroad through Western Union, Ria … 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

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Naveen Surya in Q&A with Raghu Krishnan – Business Standard

Business Standard, Mumbai , September 29, 2016 “The reality of payments firms is, we are relevant to urban and rural” “The digitally-savvy Indian uses physical cash for 30-40 per cent of her spending. So you can see the opportunity for a differentiated service”, Naveen Surya tells Raghu Krishnan in Q&A How are you differentiating ItzCash … Continued

ItzCash in talks with several fintech mobile companies for potential investment

VCCircle, Mumbai, August 26, 2016 Mr. Naveen Surya’s interaction with VC Circle Mumbai-based digital payments facilitator ItzCash is in talks with several mobile application firms for making a strategic investment, said a top company executive.The company, which would turn profitable in FY2016-17, is looking for firms specialising in fintech mobile applications which can be scaled … Continued