Remittance

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 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

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 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 partners with Prabhu Money Transfer India for remittance to Nepal

ItzCash partners with Prabhu Money Transfer India for remittance to Nepal Domestic remittance and digital payments company ItzCash has ventured into cross-border remittances through its partnership with Prabhu Money Transfer India, a remittance company in Nepal to enable Nepali diaspora settled in India to remit money back home through ItzCash’s 75,000 agent network spread across … 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 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