HomeStartupInfibeam acquires 49% stake in Pirimid Fintech

Infibeam acquires 49% stake in Pirimid Fintech

Published on

spot_img
Infibeam
  1. Infibeam Avenues acquired a 49% stake in Pirimid Fintech for Rs 25 crore, marking its entry into the capital markets and digital lending software space.
  2. Pirimid specializes in solutions for capital markets, banking, lending, AI, and ML, collaborating with institutions like Bank of Baroda and companies such as LendingKart and Ariana Investment Management.
  3. In the second quarter of FY24, Infibeam Avenues reported a consolidated gross revenue of Rs 789.9 crore and a profit after tax of Rs 38.3 crore, marking a 6.3% surge in scale compared to the last quarter.
SourceEntrackr

Latest articles

Paytm users may take up to 6 months to shift to other service providers

Paytm is looking to migrate all existing customers to another payment service provider (PSP)...

Amazon Prepping Up For Budget-Friendly, Unbranded Fashion Route To Take On Meesho

Amazon has launched a new store called Bazaar on its platform, allowing sellers to...

Aakash Education post Rs 330 crore profit in FY23

Aakash Education, owned by BYJU’S, recorded a profit of INR 330 crore in FY23,...

AI Model Backed by Mukesh Ambani to Launch in March

A consortium backed by Mukesh Ambani’s Reliance Industries Ltd. and India’s top engineering schools...

More like this

Paytm users may take up to 6 months to shift to other service providers

Paytm is looking to migrate all existing customers to another payment service provider (PSP)...

Amazon Prepping Up For Budget-Friendly, Unbranded Fashion Route To Take On Meesho

Amazon has launched a new store called Bazaar on its platform, allowing sellers to...

Aakash Education post Rs 330 crore profit in FY23

Aakash Education, owned by BYJU’S, recorded a profit of INR 330 crore in FY23,...