What is CCAvenue?
CCAvenue, the flagship brand of Infibeam Avenues Limited, stands as a leading PCI DSS 3.2.1 compliant payments platform, serving over 1.4 lakh merchants across India. The platform facilitates online transactions through a comprehensive array of payment methods, including major credit cards, debit cards, net banking, mobile wallets, UPI, and multi-bank EMI options. With a 20-year legacy marked by industry firsts and innovations, CCAvenue offers a robust multi-channel payment ecosystem. Its suite of disruptive features includes Invoices, Subscriptions, CCAvenue B2Biz, CCAvenue Checkout, CCAvenue S.N.I.P., CCAvenue Store Front, and the CCAvenue Card Storage Vault for enhanced security through tokenization.
How much funding has CCAvenue raised?
CCAvenue has raised a total of $8.9M across 1 funding round:
Unspecified
$8.9M
Unspecified (2016): $8.9M with participation from Infibeam
Key Investors in CCAvenue
Infibeam
Infibeam is a leading B2B e-Commerce Solutions provider in India, offering comprehensive software solutions for businesses of all sizes. Their investment in CCAvenue highlights a strategic focus on strengthening their position within the Indian e-commerce and payments ecosystem.
What's next for CCAvenue?
The recent major strategic investment in CCAvenue signals a pivotal phase for the company, likely indicating a move towards scaling operations, enhancing technological capabilities, and potentially expanding its market reach. As a well-established player with a comprehensive payment solution, this backing will empower CCAvenue to further solidify its competitive advantage and capitalize on the burgeoning digital commerce landscape in India. Future developments may include deeper integration with emerging payment technologies and strategic partnerships to broaden its merchant services.
See full CCAvenue company page
