Avenues Payments India Pvt. Ltd.

company

About

Avenues Payments is an IT solutions provider for the remittancemoney transfer and forex industries.

  • 101 - 250

Details

Last Funding Type
Corporate Round
Last Funding Money Raised
$1.30M
Industries
E-Commerce,Financial Services,FinTech
Founded date
Jan 3, 2012
Number Of Employee
101 - 250
Operating Status
Active

Avenues Payments India Pvt. Ltd was incorporated in the year 2012. Avenues Payments is headquartered in Mumbai, India. The company is majorly into providing remittance assistance to customers all around the globe. The company’s support and development center are based in Mumbai, India.

Avenues Payments India Pvt. Ltd. is now being funded by India’s largest mobile wallet company, Paytm, and India’s only profitable and listed e-commerce company, Infibeam Avenues, amongst other investors.

Infibeam Avenues has used its vast and long-standing experience in payments to now offer cross border transfers/payments to both individuals and businesses through Avenues Payments India Pvt. Ltd online website ( https://www.remitguru.com/ ) . It is a brand owned and run by Avenues Payment's India Pvt. Ltd. Remitguru.com is a personalized online remittance service specially created to meet the unique and diverse needs of the Indian diaspora living overseas. Avenue’s payment’s Remitonline ( https://www.remitonline.info/ ) provides money transfer software for banks and other business entities with a host of modules that enables them to launch their own remittance service with minimal capital expenditure and time to market.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$1.30M
Avenues Payments India Pvt. Ltd. has raised a total of $1.30M in funding over 2 rounds. Their latest funding was raised on Sep 22, 2018 from a Corporate Round round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 22, 2018 Corporate Round $1.30M 1 ICICI Bank Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Avenues Payments India Pvt. Ltd. is funded by 1 investors. ICICI Bank are the most recent investors.
Investor Name Lead Investor Funding Round
ICICI Bank Yes Corporate Round