Payment Gateway

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 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