Infibeam forays into fintech startup management space

Infibeam Avenues, the BSE listed financial technology solutions provider has incorporated a wholly-owned subsidiary in the GIFT City for providing software & fintech startups with pre-build infrastructure, tools and resources to grow the business, the company said.

The ‘Fintech Startup Management’ space is a very recent emerging business model and is at a very nascent stage, where the startups are provided with capital-intensive & complex tech & software infrastructure, software tools (licensed and free versions) and other resources, almost in a plug-and-play mode. Thus, startups can focus their energy on their core business, the company said.

“This time, Gujarat won’t miss the IT bus. Technologies have evolved, and with a tech-friendly new policy, the state will attract a large number of software & fintech startups and companies. Our new venture – Infibeam Project Management Private Ltd, will tap the new emerging opportunities by aiding the software & fintech startups with required pre-build infrastructure and ecosystem,” said Mr. Vishal Mehta, Managing Director, Infibeam Avenues Ltd.

Infibeam Avenues was trading at Rs 41.3 down by Rs 0.45 or 1.08% on Thursday on BSE.

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