EbixCash
Founded Year
2004Stage
Corporate Majority | AcquiredTotal Raised
$34.62MValuation
$0000About EbixCash
EbixCash is a holistic payments solutions company. EbixCash operates an enterprise financial exchange portfolio that encompasses leadership in money remittance (domestic & international), travel, pre-paid & gift cards, utility payments.
EbixCash Headquarter Location
2nd and 5th Floor, Manek Plaza Kalina CST Road
Mumbai, 400 098,
India
+91 (0)22 6112 5656
Expert Collections containing EbixCash
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
EbixCash is included in 2 Expert Collections, including Payments.
Payments
2,305 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Fintech
3,403 items
Latest EbixCash News
Jun 16, 2022
Blue Planet Studio/iStock via Getty Images Ebix (NASDAQ: EBIX ) shares are plunging 36% in Thursday premarket trading after Hindenburg Research published a new short report on the technology-powered conglomerate. Hindenburg pointed to the company's "massive near-term debt load" in a backdrop of rising interest rates, saying "we see significant solvency risk over the next 12 months." The risk of solvency comes as Ebix ( EBIX ), which has a market cap of nearly $800M, is planning a $4.5B debut of EbixCash, its wholly-owned Indian subsidiary. The problem is "we think a substantial portion of EbixCash’s gift card revenue is non-existent," according to the report titled "This House of 'Cards' Seems To Have a Glaring Fake Revenue Problem." "For Ebix, the IPO is a race against the solvency clock: the company has $643.9 million in debt coming due in February 2023 and only $75.9 million in cash and cash equivalents as of last quarter-end," the report said. Note that EbixCash's gift card division accounted for a whopping 82% of revenue last year. Meanwhile, SA's Quant Rating screens EBIX stock as a Hold, with the poorest mark in growth. Take a look at how Ebix ( EBIX ) has fared during the first quarter . To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
When was EbixCash founded?
EbixCash was founded in 2004.
Where is EbixCash's headquarters?
EbixCash's headquarters is located at 2nd and 5th Floor, Manek Plaza, Mumbai.
What is EbixCash's latest funding round?
EbixCash's latest funding round is Corporate Majority.
How much did EbixCash raise?
EbixCash raised a total of $34.62M.
Who are the investors of EbixCash?
Investors of EbixCash include Ebix, Ashok Goel, Intel Capital, Matrix Partners India and Lightspeed Venture Partners.
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