Infibeam Avenues has invested $10 million for the acquisition of a 20% strategic stake in XDuce, a renowned enterprise Application and AI development company based in the United States. By joining forces, Infibeam Avenues will gain the strategic advantage of tapping into this illustrious network for its Phronetic AI Solutions and CCAvenue Payments business in the US.
It’s a strategic move to integrate Infibeam Avenues’ capabilities into XDuce’s existing framework as well as support platform and payments business growth in the US market. This integration is aimed at enhancing the intelligence quotient of XDuce's solutions, especially by embedding PhroneticAI Fraud detection and Authentication and Risk identification (FAR) AI technology for the financial sector in the US. Furthermore, XDuce will support the US growth of Infibeam Avenues’ payment gateway brand, CCAvenue, positioning it strongly in the immensely profitable financial sector of the United States.
Infibeam Avenues is engaged in providing online retail services.
