AvenuesAI

What AvenuesAI does

AvenuesAI Limited (formerly Infibeam Avenues Limited) is a publicly listed Indian multinational financial technology company headquartered in GIFT City, Gandhinagar, India, and the only listed, homegrown, bootstrapped, and profitable fintech conglomerate in India. Its flagship product is the CCAvenue payment gateway, which supports over 200 payment methods (cards, net banking, wallets, EMI, UPI) and serves more than 5 million merchants across India, UAE, Saudi Arabia, Oman, and the United States. The portfolio also includes payment issuance (express settlements, corporate credit cards, lending), neo-banking (Grit spend management), bill payments (BillAvenue via Bharat BillPay), hospitality technology (ResAvenue), and agent-based digital financial services (Go Payments), with major bank white-label customers including HDFC, KOTAK, and JP Morgan.

The technology stack is built on an AI-first architecture under the wholly-owned PhroneticAI subsidiary, which develops on-premise small language models (1B to 10B parameters) for enterprise deployment, the THEIA video AI developer platform, and the CommerceAI agentic payment platform with Model Context Protocol (MCP). RediffPay, launched after acquiring a 54% stake in Rediff.com in 2024, is India's first fully Indian-owned UPI payment app operating under an NPCI TPAP license. The group holds multiple regulatory licenses — RBI Payment Aggregator (online and offline), IFSCA Payment Service Provider at GIFT-IFSC, NPCI TPAP, RBI prepaid payment instrument in-principle approval, and UAE Central Bank Retail Payment Services Category III in-principle approval — that collectively form a significant regulatory moat.

Revenue is generated primarily through transaction fees on payment processing, supplemented by subscription revenue from enterprise software, AI solutions, and embedded finance distribution via NBFC partnerships (with a liability-light strategy of minority equity stakes in Online PSB Loans and Ratnaafin Capital rather than balance sheet lending). Go-to-market combines direct enterprise sales, white-label OEM partnerships with banks, API integrations with e-commerce platforms such as Shiprocket, self-serve merchant onboarding for SMBs, and a kirana-shop agent network for last-mile financial services. FY26 gross revenue reached Rs 81,158 million (up 103% YoY), with adjusted PAT of Rs 3,320 million and adjusted EBITDA of Rs 3,873 million, supported by a Rs 700 crore rights issue in July 2025 that was oversubscribed 1.4 times.

Name

AvenuesAI

Legal name

AvenuesAI Limited

Website

https://avenuesai.com

Company type

Public

Founded year

2026

Operating status

Operating

Headcount range

501–1,000 employees

Short description

AvenuesAI Limited (formerly Infibeam Avenues) is a publicly listed Indian fintech conglomerate operating the CCAvenue payment gateway, PhroneticAI agentic AI platform, and digital financial services for over 5 million merchants across India, UAE, KSA, Oman, and USA.

Ownership category

akta.pro rank

Product category

Digital Payments Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Sales Financing (52222)

SIC

Finance Services (6199)

akta.pro primary industry

Merchant Acquiring & Processing Platforms (BPAMAFAB)

akta.pro secondary industries

A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), Cash-in/Cash-out Agent Network Wallets (FSAMAEAJ), Alternative Payment Methods (APMs) & Local Rails (ACH/SEPA/UPI, etc.) (CRAFALAG)

Keywords

• Digital payment processing
• Payment gateway services
• Enterprise fintech platform
• Bill payment infrastructure
• AI payment solutions

Headquarters

HQ city

Gandhinagar

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Payment Processing and Gateway Services: Transaction-based revenue from payment gateway services. CCAvenue charges merchants fees for processing digital payments through 200+ payment methods including credit/debit cards, net banking, wallets, EMI, and UPI. Revenue grew 103% YoY to Rs 81,158 million in FY26.
2. Enterprise Software and Platform Services: Revenue from e-commerce platform services (BuildaBazaar/Rediff), hospitality platform (ResAvenue), and digital marketing services through Odigma. E-commerce platform business sold to Rediff for Rs 800 crore.
3. Payment Issuance and Lending: Revenue from express settlements, corporate credit cards, and lending services through CCAvenue Finance. Provides early access to funds for merchants reducing settlement cycles from T+3 to within hours.
4. Agent Network Services (Go Payments): Revenue from digital financial services including DMT, AEPS, bill payments, recharges, travel bookings, and insurance distributed through agent network of kirana shops and retailers.
5. AI Solutions (PhroneticAI): Revenue from AI-driven solutions including on-premise enterprise AI models, agentic payment platforms, and AI infrastructure services for enterprise clients.
6. Embedded Finance and Lending Distribution: Revenue from AI-led credit network through NBFC partnerships. Company acts as distribution platform for merchant-focused lending products while partner NBFCs handle underwriting.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels5 records

Core offering

AvenuesAI Limited operates an integrated digital payments and AI technology platform anchored by its CCAvenue payment gateway, which processes digital transactions through 200+ payment methods (cards, net banking, wallets, EMI, UPI) for over 5 million merchants across India and international markets. The company complements payments with corporate spend management (Grit neo-banking), bill payments infrastructure (BillAvenue on Bharat BillPay), hospitality platform (ResAvenue), agent-based financial services (Go Payments), and an AI portfolio (PhroneticAI for on-premise SLMs and agentic systems, THEIA for video AI, CommerceAI with MCP Protocol for agentic payments). It also provides white-label payment solutions to banks, embedded lending distribution via NBFC partnerships, and a UPI consumer app (RediffPay).

Product overview

AvenuesAI Limited (formerly Infibeam Avenues Limited) operates as a diversified fintech conglomerate offering an integrated platform of digital payments and AI solutions. The core product is CCAvenue, one of India's oldest and premier payment gateways serving over 10 million merchants with 200+ payment methods. The platform spans payment acquiring (CCAvenue PG + white-label CPGS for banks like HDFC, KOTAK, JP Morgan), payment issuance (Express Settlements, corporate cards), neo-banking (Grit spend management), bill payments (BillAvenue via Bharat BillPay), and hospitality solutions (ResAvenue CRS). The AI portfolio includes Phronetic.AI for enterprise agentic AI systems, THEIA for video AI development, and CommerceAI/PayCentral.ai for AI-driven payments. The Rediff platform provides commerce and content capabilities, while RediffPay enables UPI payments. Go Payments extends digital financial services to unbanked populations. The company processes over Rs 8.67 trillion in annual transactions across India, UAE, KSA, USA, and Oman.

Differentiator

Problem solved

Functional benefit

Brands

• CCAvenue: Digital payment gateway offering payment acquiring, payment issuance, neo banking, and bill payments platform. India's oldest and premier online payment gateway with presence in India, UAE, KSA, and USA. Supports 200+ payment methods across cards, net banking, wallets, EMI, and UPI.
• Rediff
• PhroneticAI
• BillAvenue
• Go Payments
• ResAvenue
• Grit

Products and services

• CCAvenue Payment Acquiring India's premier online payment gateway enabling merchants to accept digital payments through 200+ payment methods including credit/debit cards, net banking, wallets, EMI, and UPI. Includes white-label solution for banks (CPGS) and B2B payment automation (B2Biz). Served over 5 million merchants in India and international markets.
• CCAvenue Payment Issuance Provides express settlements reducing payout cycles from T+3 to within hours, corporate prepaid cards, and upcoming corporate credit cards and lending services for businesses.
• CCAvenue Neo Banking (Grit) AI-powered spend management platform for CFOs enabling corporate credit cards, invoice approvals, payment automation, accounting integration, and real-time spend reporting with AI-powered expense detection.
• BillAvenue Unified interoperable online bill payments platform built on Bharat BillPay (NPCI) infrastructure offering anytime anywhere bill payment facility through network of agents with instant confirmation.
• ResAvenue Complete Central Reservation System (CRS) for hotel inventory management integrated with digital payment solutions. SaaS-based booking engine for hotels with multilingual capabilities and OTA distribution.
• Go Payments Digital financial services platform enabling agents (kirana shops, pharmacies) to provide DMT, AEPS, bill payments, recharges, travel, insurance, and cash collection services to unbanked populations.
• Phronetic.AI AI research and development company creating context-aware, ethical and scalable agentic systems. Develops enterprise-grade AI infrastructure for security, governance, and large-scale deployment of AI agents, including on-premise SLMs ranging from 1B to 10B parameters.
• RediffPay India's first fully Indian-owned UPI payment app combining payments, savings, investments, and quick credit features. Received TPAP license from NPCI. Target: financial inclusion in Tier-2 and Tier-3 towns.
• CCAvenue CommerceAI Platform AI-driven commerce platform with MCP Protocol enabling agentic payments in India. Supports autonomous AI-driven payment processing for merchants and enterprises.
• CCAvenue SoundBox Tap-to-pay POS devices for offline payments with Dynamic QR, Soundbox, and cutting-edge features. Enables merchants to accept contactless card and QR payments at point of sale.
• THEIA - Video AI Developer Platform Pioneering video AI developer platform for transforming business operations using computer vision and video AI capabilities, enabling enterprises to process and generate video content.
• PayCentral.ai AI-driven product launched during Q3 FY26 as part of company's AI-native infrastructure transformation, targeting merchants and enterprise clients seeking AI-integrated payment solutions.

Quantifiable outcome

• 103% YoY revenue growth in FY26 to Rs 81,158 million
• +4 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability12 records

Feature10 records

Partnerships

21 partnerships are on record, tiered core, strategic and minor.

• Ratnaafin CapitalcoreStrategic or Co-development Partner · 29 May 2026Minority investment up to 2.5% in Ratnaafin Capital, a scaled new-age NBFC with lending book exceeding INR 2000 crores. Part of AI-led embedded finance ecosystem through partnerships with specialized lenders.
• Online PSB Loans Limited (OPL)coreStrategic or Co-development Partner · 29 May 20267% minority equity stake acquisition in OPL, India's largest public-sector-backed digital credit platform. OPL has sanctioned over INR 3.97 trillion in loans and supports more than 3 million MSMEs. Post-deal, AvenuesAI becomes sole AI-led platform in OPL's consortium including SBI and HDFC Bank.
• ShiprocketcoreTechnology or Integration · 17 March 2026CCAvenue integration with Shiprocket Checkout enables seamless digital transactions for merchants nationwide. CCAvenue merchants gain access to Shiprocket's high-conversion checkout solution while Shiprocket merchants access CCAvenue payment features including same-day settlements, international payment acceptance, and no-cost EMI facilities.
• Indian Institute of Sciences (IISc)strategicStrategic or Co-development Partner · 17 March 2025MoU signed to develop real-time deepfake detection systems for government, corporates, and organisations to combat scammers.
• Entrepreneurship Development Institute of India (EDII)strategicStrategic or Co-development Partner · 24 June 2024Collaboration to revolutionize and accelerate AI adoption for enterprises, MSMEs, and start-ups in India.
• XDucestrategicStrategic or Co-development Partner · 24 February 202420% strategic stake in US-based XDuce AI company for global foothold expansion and AI capabilities development.
• Pirimid FintechstrategicStrategic or Co-development Partner · 14 December 202349% stake in Pirimid Fintech, a capital markets software provider, marking strategic foray into capital market tech space.
• Uvik TechnologiesstrategicStrategic or Co-development Partner · 1 March 2022Acquired Uvik Technologies for Rs 75 crore in cash and stock deal. Uvik specializes in contactless payments technology that converts smartphones into payment devices, supporting offline contactless payment infrastructure growth.
• HDFC BankcoreOEM/ Whitelabel/ Licensing PartnerWhite-label payment gateway solution branded under HDFC Bank using CCAvenue technology for payment processing and fraud prevention.
• KOTAK Mahindra BankcoreOEM/ Whitelabel/ Licensing PartnerWhite-label payment gateway solution using CCAvenue technology platform for digital payment acceptance.
• JP MorgancoreOEM/ Whitelabel/ Licensing PartnerWhite-label payment gateway solution for JP Morgan's payment processing requirements.
• Bank MuscatstrategicTechnology or IntegrationDefinitive agreement to offer acquiring processor services in Oman, enabling Bank Muscat customers to accept digital payments.
• Bank DhofarstrategicTechnology or IntegrationPartnership for online payment services in Oman through Bank Dhofar's digital banking channels.
• Saudi Awwal Bank (SAB)strategicTechnology or IntegrationPayment processing partnership in Saudi Arabia with the country's premier bank following PTSP certification from SAMA.
• PayPalstrategicTechnology or IntegrationPartnership to expand global payment acceptance in MENA region through PayPal's payment network.
• ESAF Small Finance BankcoreTechnology or IntegrationCCAvenue collaboration with ESAF Small Finance Bank for enhanced direct debit facility and digital payment services.
• NPCIcoreOthersNPCI granted TPAP license to Rediff.com India for RediffPay UPI app launch. Enables participation in UPI ecosystem as Third Party Application Provider.
• UAE Central BankcoreOthersIn-principle approval received from UAE Central Bank for Retail Payment Services Category III License through subsidiary Avenues World FZ LLC.
• IFSCAcoreOthersIn-principle approval from IFSCA to operate as Payment Service Provider at GIFT-IFSC through subsidiary IA Fintech IFSC for cross-border financial services.
• Vibrant Gujarat / Gujarat GovernmentstrategicStrategic or Co-development PartnerRs 2,000 crore MoU signed at Vibrant Gujarat Global Summit 2024 for digital infrastructure and AI hub development in GIFT City.
• Deakin UniversityminorStrategic or Co-development PartnerDeakin University established international campus in GIFT City following coordinated efforts by Gujarat government, Government of India, and Australian government.

Scale indicators16 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• Razorpay: India's leading payment gateway and merchant acquiring platform offering similar multi-method payment processing, API-first integration, and serving SMB to enterprise merchants. Direct competitor to CCAvenue across India's online payment solutions market.
• PayU (India): Payment gateway and merchant acquiring business operating in India with similar transaction-based revenue model, multiple payment methods support, and merchant onboarding capabilities. Direct competitor in India's Top payment gateway rankings.
• Cashfree Payments: Indian payment gateway and API-first payment processor serving merchants with payment acquiring, payouts, and settlement services. Direct competitor in the Indian online payment solutions space.
• PhonePe: India's largest UPI payment platform with significant merchant payment processing footprint. Competes with CCAvenue and RediffPay in India's digital payments ecosystem including merchant acquiring.
• Pine Labs: India and Southeast Asia merchant commerce platform providing payment acquiring, POS and checkout solutions to enterprise merchants. Comparable to CCAvenue's offline payment aggregation and SoundBox POS products.
• BillDesk: Indian online bill payment and payment gateway platform with comparable bill payments infrastructure and merchant payment processing capabilities, similar to BillAvenue and CCAvenue.
• Mswipe Technologies: Indian mobile POS and merchant payment acceptance provider offering POS devices, soundbox, and digital payment solutions comparable to CCAvenue SoundBox Max and offline payment aggregator operations.

Broad incumbents

• Stripe: Global payment processing leader and reference benchmark for API-first payment gateway architecture. AvenuesAI explicitly positions itself with comparable Stripe-like embedded finance and API distribution model.
• PayPal: Global digital payments incumbent with existing strategic partnership with AvenuesAI for MENA payment acceptance. Comparable as established multi-method, multi-currency payment processor with merchant acquiring focus.
• Adyen: Global unified commerce payment platform serving enterprise merchants with omnichannel payment processing. Comparable to CCAvenue's enterprise white-label and multi-country expansion strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ia-ooo

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries9 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AvenuesAI