INFIBEAM

March 17 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• CO AND IISC SIGN MOU FOR DEEPFAKE DETECTION SYSTEMS

Source text: ID:nBSE6Yy4j3

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Infibeam Avenues Ltd IFIB.NS:

• INFIBEAM AVENUES LTD - APPROVES DIVESTMENT OF 49% STAKE IN PIRIMID TECHNOLOGIES

• INFIBEAM AVENUES LTD - CONSIDERATION FROM PIRIMID SALE NOT EXCEEDING 270 MILLION RUPEES

Source text: ID:nBSE89C9gk

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Feb 7 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• REDIFF.COM GRANTED TPAP LICENSE BY NPCI FOR REDIFFPAY

Source text: ID:nNSE7NXp1b

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Feb 6 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• INFIBEAM AVENUES LTD - GETS TAX AND PENALTY DEMAND ORDER FOR 320.15 MILLION RUPEES

Source text: ID:nBSErRpG8

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Feb 4 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• DEC-QUARTER CONSOL NET PROFIT 624 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 10.7 BILLION RUPEES

Source text: ID:nBSE8wlrr3

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Dec 31 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• INFIBEAM AVENUES LTD - RECEIVES APPROVAL FOR OFFLINE PAYMENT POS DEVICES

Source text: ID:nBSE3lL7X6

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Nov 12 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• INFIBEAM AVENUES LTD SEPT-QUARTER CONSOL NET PROFIT 440.7 MILLION RUPEES

• INFIBEAM AVENUES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.17 BILLION RUPEES

Source text: ID:nNSE2Vkpgh

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Oct 4 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• INCORPORATION OF WHOLLY OWNED SUBSIDIARY NUEROMIND TECHNOLOGIES

Source text for Eikon: ID:nNSE2xytVP

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Aug 28 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• INFIBEAM AVENUES LTD - GETS CONTRACT WITH CHAIN OF HOSPITALS AND GAS-STATION CHAIN

• INFIBEAM AVENUES LTD - TOTAL VALUE IS EXPECTED TO BE $1 MILLION PER ANNUM

• INFIBEAM AVENUES - TENURE FOR CONTRACT WITH HOSPITALS IN INDIA, UAE-BASED GAS STATION CHAIN IS FIVE YEARS

Source text for Eikon: ID:nNSEbT4PNv

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July 9 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• TO ACQUIRE BALANCE 26.00% STAKE OF INFIBEAM DIGITAL ENTERTAINMENT

Source text for Eikon: ID:nBSEbjgRpF

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June 24 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• ENTREPRENEURSHIP DEVELOPMENT INSTITUTE OF INDIA AND INFIBEAM AVENUES COLLABORATE

• COLLABORATE TO ACCELERATE ARTIFICIAL INTELLIGENCE ADOPTION FOR ENTERPRISES, MSMES AND START-UPS

Source text for Eikon: ID:nBSE1KHT59

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May 16 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• MARCH-QUARTER CONSOL NET PROFIT 496.7 MILLION RUPEES VERSUS PROFIT 393 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 7.27 BILLION RUPEES VERSUS 6.53 BILLION RUPEES

Source text for Eikon: ID:nBSE9PJK9Z

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May 2 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• CCAVENUE PARTNERS WITH SHIVALIK SMALL FINANCE BANK TO BOOST PAYMENT OPTIONS

Source text for Eikon: [ID:]

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April 1 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• INFINIUM MOTORS CUTS STAKE IN CO TO 27.43% FROM 29.78%

Source text for Eikon: ID:nBSE2KztMM

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March 13 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• INFIBEAM AVENUES- CCAVENUE WILL ESTABLISH AS A MAJOR PAYMENT GATEWAY FOR DIGITAL TRANSACTIONS IN SAUDI ARABIA

Source text for Eikon: [ID:]

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** Shares of fintech co Infibeam Avenues IFIB.NS up 5.8% at 37.15 rupees

** Co on Monday said it got Indian central bank's final

authorisation for payment aggregator licence

** Move permits co to operate as online payment aggregator to provide digital payments services to any merchant across the country, co said

** IFIB shares up over 70% YTD after gaining ~30% last year

(Reporting by Sethuraman NR in Bengaluru)

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** Shares of Infibeam Avenues IFIB.NS rise as much as 9.9% to 37.90 rupees, last up 5.5%

** The SaaS fintech says it bought 20% stake in US-based, AI development co XDuce for $10 mln

** Over 60 mln IFIB shares traded, most in 3 weeks

** Stock gained 29.5% in 2023, mostly due to a ~21% surge in December-qtr

(Reporting by Anisha Ajith in Bengaluru)

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Feb 6 (Reuters) - IDFC First Bank Ltd IDFB.NS:

• CCAVENUE TO OFFER EMI SOLUTIONS TO IDFC FIRST BANK

• ANNOUNCES STRATEGIC ALLIANCE BETWEEN ITS PAYMENT BRAND, CCAVENUE, AND IDFC FIRST BANK

Source text for Eikon: ID:nBSE9c96rZ

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Jan 23 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• APPROVED TO ACQUIRE BALANCE 49.50% STAKE FROM EXISTING SHAREHOLDERS OF SO HUM BHARAT DIGITAL PAYMENTS

• DEC-QUARTER CONSOL NET PROFIT 414.4 MILLION RUPEES VERSUS PROFIT 358.1 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 9.12 BILLION RUPEES VERSUS 4.15 BILLION RUPEES

• COST OF ACQUISITION UPTO 4.5 MILLION RUPEES

Source text for Eikon: ID:nBSE2f79hK

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Jan 9 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• SIGNS 20 BILLION RUPEES MOU WITH GUJARAT GOVERNMENT

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** Shares of fintech co Infibeam Avenues IFIB.NS up as much as 7.8% to 24.15 rupees, highest since 19 Oct, 2021

** Stock logs second-largest intraday pct climb this month

** Co said on Thursday it is entering the capital market and digital lending tech segments with 49% stake buy in Pirimid Fintech

** Roughly 71 mln shares change hands as of 10:25 a.m. IST, 1.7X the 30-day moving average

** Stock up 44% YTD, compared to rival AGS Transact Technologies' AGST.NS 50% climb

** Stock on track for first yearly climb since 2020

(Reporting by Varun Vyas in Bengaluru)

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Infibeam Avenues Ltd IFIB.NS:

• INFIBEAM AVENUES LTD- INVESTING 250 MILLION RUPEES IN PIRIMID FINTECH FOR 49% STAKE

Source text for Eikon: ID:nBSEbmC6Nl

Further company coverage: IFIB.NS

** Shares of fintech co Infibeam Avenues Ltd IFIB.NS rise 7.8% to 23.4 rupees, hits highest since Jan 31, 2022

** Bandhan Bank's BANH.NS EMI facilities to be introduced to over 10 mln merchants via Infibeam's payment gateway brand CCAvenue

** IFIB has been trading above its 100-day simple moving avg since Sept 6

** Stock on track to gain this year, after two consecutive years of losses

** More than 6 bln shares traded this year, most active year yet since 2019 - LSEG data

** IFIB last up 7.3%, bringing YTD gains to 40.4%; BANH last up 0.5%

(Reporting by Meenakshi Maidas in Bengaluru)

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Nov 2 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• INDIA'S INFIBEAM AVENUES LTD SEPT-QUARTER CONSOL NET PROFIT 409.8 MILLION RUPEES VERSUS 407.5 MILLION RUPEES

• INFIBEAM AVENUES LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.9 BILLION RUPEES VERSUS 4.77 BILLION RUPEES

Source text for Eikon: ID:nBSE2R1ftX

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add chart.

By Shritama Bose

MUMBAI, Sept 11 (Reuters Breakingviews) - India’s financial technology industry is suffering from overindulgence. And it was on full display at a sombre Global Fintech Festival in Mumbai last week. Founders touted sustainable growth amid dipping valuations, regulators preached risk mitigation and big investors stayed away. This waning euphoria for the country’s digital ecosystem may, though, be an early sign of maturity.

There are plenty of reasons for feeling gloomy. The South Asian country is the world’s third-largest fintech market by number of unicorns. Its $16 billion annual revenue, though, accounts for only 5% of the sector’s global turnover, per Boston Consulting Group. Venture capital and private equity investments into the sector more than halved to less than $4 billion during the 12 months to the end of March from the previous period, data from the Reserve Bank Innovation Hub show.

Valuations are getting reset across India’s startup landscape. Poster child Byju’s is squabbling with lenders as investors walk away and financial reports get delayed. Listed payments firm One97 Communications PAYT.NS, financial marketplace PB Fintech PBFI.NS and beauty retailer Nykaa’s owner FSN E-Commerce Ventures FSNE.NS are all trading below the price of their November 2021 initial public offerings.

The gloom seeped into conversations at the industry’s annual shindig. One panel had digital lenders deliberating on ways to lower lending costs, with securitisation and co-lending offered up as solutions. On another, venture debt investor Innoven Triple Blue Capital Advisors’ Tarana Lalwani hesitatingly wondered how many lenders can keep chasing the same customers and hinted at the possibility of consolidation.

Disaffection with a core feature of India’s much-vaunted public digital infrastructure was palpable. Vishwas Patel, director at payment solutions provider Infibeam Avenues IFIB.NS, characterised New Delhi’s zero-fee policy for fast payments as a roadblock to future growth. That, and banks’ alleged unwillingness to share with fintechs a government subsidy for fees forgone, were partly responsible, he argued, for India having so few so-called decacorns, or players worth at least $10 billion. In fact, the country has just one in fintech, PhonePe PHOP.NS.

Apart from Accel, Peak XV Partners - formerly Sequoia Capital’s India and Southeast Asia unit - and a few fintech-focused names like Ribbit Capital, bulge-bracket investors were missing from a speaker lineup that boasted central bankers from Rwanda to Japan and Germany to Peru. Those who did attend admitted they’re taking longer to sign term sheets than in 2021 and spoke of a growing demand for debt funding.

The thrust of regulators’ speeches was on consumer protection and managing risks like cyber fraud. Even the chief of the watchdog for India’s fledgling offshore financial centre stressed the need for supervision while inviting fintechs to set up shop there.

The impending launch of Mukesh Ambani’s $19 billion Jio Financial Services JIOF.NS loomed over the event, which used the tycoon’s Jio World Convention Centre as its venue. A deep-pocketed new challenger is hardly what Indian fintechs need right now. But it’s one of several factors that could help shape a more realistic outlook for their future.

Follow @ShritamaBose on X

CONTEXT NEWS

The Global Fintech Fest organised by the National Payments Corporation of India and industry association Payments Council of India was held between Sept. 5 and 7 in Mumbai. The event hosted 800 speakers, 50,000 delegates and over 500 exhibitors from 125 countries.

(Editing by Antony Currie, Katrina Hamlin and Thomas Shum)

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Aug 8 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• INFIBEAM AVENUES LTD - PLANS TO FORAY INTO ARTIFICIAL INTELLIGENCE SPACE

Source text for Eikon: ID:nBSE16t2CN

Further company coverage: IFIB.NS

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May 22 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• INFIBEAM AVENUES LTD - CCAVENUE, PAYPAL ENTERS PARTNERSHIP TO EXPAND GLOBAL PAYMENT ACCEPTANCE IN MIDDLE EAST & NORTH AFRICA REGION

Source text for Eikon: ID:nBSE6zNNHV

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May 16 (Reuters) - Infibeam Avenues Ltd IFIB.NS:

• UPDATES ON BID TO OPERATE AND MAINTAIN GOVERNMENT OF E-MARKETPLACE

• INDIA GOVERNMENT REJECTED CO'S BID DUE TO ALLEGED NON-FULFILMENT OF PRE-QUALIFICATION CRITERIA

• EVALUATING ALL OUR OPTIONS

Source text for Eikon: ID:nBSEwpBlw

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