Ebix Bullish On ItzCash Growth; Makes Second Indian Acquisition With YouFirst Money Express

Ebix Bullish On ItzCash Growth; Makes Second Indian Acquisition With YouFirst Money Express

SUMMARY

The Acquisition Comes Three Months After Ebix Poured $123 Mn In Payments Solution Firm ItzCash To Gain Majority Stake

Less than three months after pouring $123 Mn in payments solution firm ItzCash, US-based Ebix has acquired the Money Transfer Service Scheme (MTSS) business of YouFirst Money Express for an undisclosed amount. The current acquisition was funded using Ebix’s internal cash reserves.This marks Ebix’s second Indian acquisition in the last five days.

This marks Ebix’s second Indian acquisition in the last five days.

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