Infibeam Inc

Infibeam Avenues, a listed fintech company, has appointed Mr. Rajesh Kumar SA as the CEO of its artificial intelligence (AI) business, Phronetic.AI, where he will spearhead the expansion and elevation of the AI platform leveraging his over 16 years of experience in deep-tech AI and machine learning, including previous roles at Meesho and as co-founder of Streamoid.

On November 02, 2023, Infibeam Avenues accelerated its plans to establish an in-house AI ecosystem by acquiring land in Ahmedabad for US$ 12.06 million. This extension of its planned GIFT City AI HUB will leverage the company's own team and other startups' products to bolster its AI operations. Additionally, Infibeam Avenues aims to benefit from incentives and capex support under Gujarat government’s IT/ITeS Policy 2022-27.

In November 2023, Infibeam Avenues announced that the company has moved one step closer towards successfully executing its plan for fostering the development of an AI and tech ecosystem, which can be finely tuned to meet the specific requirement of the company’s Artificial Intelligence (AI) operations while facilitating AI startups and businesses flourishing independently in a mutually beneficial ‘symbiotic’ framework.

In August 2023, Infibeam Avenues Ltd, announced its plans to foray into Artificial Intelligence (AI) to tap the burgeoning AI-enabled fraud detection market. The company to establish India’s first AI HUB headquartered at Gujarat International Finance Tec-City (GIFT City).

In May 2023, CCAvenue, the leading payments aggregator in the Middle East and a flagship brand of Avenues World FZ LLC, a subsidiary of Infibeam Avenues Limited partnered with PayPal to offer global payment acceptance for businesses in the Middle East & North Africa (MENA) region.

Infibeam Avenues Ltd, India’s first listed fintech company that owns and operates - BillAvenue, a leading online bill payment platform, announced on March 6, 2023 that it had crossed the milestone of 1 million agents comprising of kirana shop, grocery shop, pan shop, small pharmacy stores, and the likes across India.

In February 2023, Infibeam Avenues’s flagship payments brand-CCAvenue, became the first payment gateway player to process Central Bank Digital Currency (CBDC) or Digital Rupee transactions for online retail merchants.

In January 2023, Infibeam Avenues becomes first payments platform to process retail Central Bank Digital Currency (CBDC) transactions.

In June 2022, Infibeam Avenues launches mobile app with TapPay feature. By simply downloading a supported app, merchants will be able to turn their current Android smartphone devices into payment terminals.

In June 2022, Infibeam Avenues is expected to grain 5% market share in Australia in the next three years.

In May 2021, Infibeam Avenues announced its foray into neobanking through ‘GRIT’ platform, a part of its step-down subsidiary, Cardpay Technologies.

In November, IAL received an approval from the National Company Law Tribunal (NCLT), Ahmedabad, for the demerger of its various entities, including SME e-commerce service and e-commerce business undertaking. The company’s shares climbed 10% and hit a high of Rs. 87, after this announcement.

In November, the company signed a contract with Oman’s second-largest bank, the Bank of Muscat, to process the bank’s online card transactions of various payment networks through its digital payment solution—CCAvenue Payment Gateway Service. Its shares rose 3.27% to Rs 88.35, after the company said that it will provide digital payment solutions to Oman's Bank Dhofar.

Infibeam Avenues announced its decision to invest in So Hum Bharat Digital Payments to bolster its application to the RBI for a new umbrella entity (NUE) license for retail payment systems.

In October, IAL entered into an agreement with Reliance Jio for its enterprise solutions.

Infibeam Avenues Limited acquired 100% stake in Bengaluru-based Cardpay Technologies Limited.

Infibeam entered into partnership with Hindustan Petroleum Corporation Limited (HPCL) for LPG gas cylinder bookings across India through Infibeam’s, BillAvenue platform

Infibeam acquired cloud ERP solutions provider DRC System

Infibeam lists on both National and Bombay Stock Exchange as Infibeam Avenues Limited.

Infibeam signs MoU with IL&FS for implementing digital projects.

Infibeam.com was awarded Varindia Top 100 Most Trusted Companies Of The Year 2014.

The Company acquired 100% of OdigMa Consultancy Solutions Private Limited.

The Company integrated travel technology solutions in Buildabazaar platform for travel and theme park ticketing.

The Company launched Buildabazaar enterprise platform.

The Company launched 10 million stock keeping units (SKUs) across multiple categories.

The Company was incorporated as Infibeam Incorporation Limited.