Avenues World FZ-LLC (CCAvenue.ae)

Analysis of Avenues World FZ-LLC (CCAvenue.ae)

Overview: Avenues World FZ-LLC, operating as CCAvenue, is South Asia’s largest payment gateway. In partnership with Mashreq Bank, the company has launched a real-time payment solution for online businesses, aiming to provide easy access to top-notch payment solutions to drive business growth. With a history dating back to 2001, Avenues started as a local market-focused single product company and has evolved into a global, multi-product firm with over 400 employees.

Focus Areas: Avenues operates in the Fintech and Payments industries, offering a broad range of payment solutions catering to the diverse needs of merchants. The company's three Business Units include Avenues Commercial Services (CCAvenue), Avenues Travel Industry Services (ResAvenue), and Avenues Community Related Services (EventAvenue).

Investment and Expansion: While specific details about the latest investment and investors are not available, Avenues appears poised for expansion and further growth, leveraging its strategic collaboration with Mashreq Bank and its well-established position as a significant player in the payment gateway space.