April 15, 2024

Unitranche

Supportive Business Potential

Infibeam Avenues Invests 10 Mn In XDuce To Strengthen Presence In US Market

Infibeam Avenues Invests 10 Mn In XDuce To Strengthen Presence In US Market

This partnership bolsters Infibeam’s Phronetic AI Solutions and CCAvenue Payments business in the region, paving the way for enhanced capabilities and expanded market reach

Infibeam Avenues, a fintech firm, has made a stride in its expansion efforts by a USD 10 million investment for a 20 per cent stake in XDuce, an enterprise application and AI development company based in the United States. 

This strategic move underscores Infibeam’s commitment to fortifying its foothold in the US market while leveraging its cutting-edge Phronetic AI technology.

The collaboration between Infibeam Avenues and XDuce is aimed at enhancing the latter’s solutions by integrating Infibeam’s PhroneticAI technology, renowned for its prowess in fraud detection, authentication, and risk identification within the financial sector. 

This integration is poised to elevate the intelligence quotient of XDuce’s offerings, empowering businesses in combating transaction fraud more effectively.

Moreover, Infibeam stands to benefit from access to XDuce’s extensive network comprising over 150 software developers across the US. This partnership bolsters Infibeam’s Phronetic AI Solutions and CCAvenue Payments business in the region, paving the way for enhanced capabilities and expanded market reach.