6 days ago
AvenuesAI Targets US Payments, Rediff and AI Growth
AvenuesAI is a company that helps businesses handle payments.
It says its revenue and profit increased strongly in the first quarter.
The company wants to earn ₹11,000-13,000 crore in total revenue during FY27.
It plans to take its CAvenue payment service to the United States.
AvenuesAI also wants its international payments business to become more profitable.
It plans to turn Rediff into a larger platform for consumers and businesses.
Rediff’s planned services may include payments, television, content, email and workplace tools.
The company is developing artificial-intelligence products that study approved transaction data.
One planned tool, called TISco, could help assess credit and identify business signals.
AvenuesAI reported first-quarter operating revenue of ₹2,680.4 crore, up 109% year over year.
First-quarter profit after tax rose 45% to ₹84.8 crore.
The company is targeting consolidated FY27 revenue of ₹11,000-13,000 crore and post-action EPS of ₹8.75-₹9.50.
AvenuesAI plans to expand its CAvenue payment gateway into the United States and increase international payments revenue.
Growth plans include expanding Rediff’s digital offerings and developing AI-based transaction intelligence for uses such as credit assessment.
- Who
- AvenuesAI and its CEO and Managing Director Vishwas Patel.
- What
- The company is pursuing US payments expansion and new growth through Rediff’s digital services and artificial intelligence.
- Where
- The expansion will begin in the United States, while the broader strategy covers AvenuesAI’s international operations.
- When
- The plans accompany the company’s first-quarter results as it enters FY27; international payments are expected to contribute 12-15% of payment net revenues by FY28.
- Why
- AvenuesAI aims to diversify beyond payment processing and use transaction data, international payments, enterprise technology and AI to create additional revenue.
Key facts
- First-quarter revenue
- ₹2,680.4 crore, 109% higher than the corresponding quarter of the previous year
- First-quarter PAT
- ₹84.8 crore, up 45% year over year
- FY27 revenue target
- ₹11,000-13,000 crore in consolidated revenue
- FY27 EPS expectation
- ₹8.75-₹9.50 at the post-corporate-action face value of ₹10 per share
- US expansion
- CAvenue will initially target the largest enterprise customers in the United States
- International payments target
- 12-15% of payment net revenues by FY28
- AI product
- TISco, or AvenuesAI Transaction Intelligence Score, is intended to detect business signals from transaction behavior
Sources
Related news
AvenuesAI Q1 profit rises 45%, revenue doubles to ₹2,680 crore
AvenuesAI Q1 Profit Jumps 45% To ₹84.8 Cr; Revenue Doubles
UPI MDR return could boost Paytm, Pine Labs earnings
Razorpay Launches AI-Powered Vulcan With NVIDIA, AWS For Payments
India Plans Agentic AI Payments Through Popular UPI Network
