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ebixcash.com

Founded Year

2004

Stage

Corporate Majority | Acquired

Total Raised

$34.62M

Valuation

$0000 

About 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

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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.

P

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.

F

Fintech

3,403 items

Latest EbixCash News

Ebix stock tanks over 35% on new short report from Hindenburg Research

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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