Infibeam acquires Cardpay to expand its financial services
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Digital payment solutions startup Infibeam Avenues, on Monday, announced that it has acquired Bengaluru-based unified digital technology platform Cardpay Technologies Limited in an all-share deal. Founded by Kumar Srinivasan, Cardpay offers a spending management platform for expense approvals, which includes physical and virtual credit cards to corporates, automated invoice payments, accounting automation and real-time reporting.