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Infibeam Avenues UAE Subsidiary to Raise USD 25 Million in Avenues World FZ-LLC from Pre-IPO Funding, Eyes Major UAE Expansion

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Infibeam Avenues, an AI-powered fintech company, is planning to expand its operations in the UAE market. Its UAE-based subsidiary, Avenues World FZ LLC, will raise $25 million in a pre-IPO round for this purpose. The funding will dilute up to 25% equity and Infibeam Avenues will retain a 75% stake. The company aims to replicate its success in digital payments achieved in the UAE across its international markets. The subsidiary, which currently processes digital payments for over 5,000 merchants in the UAE, plans to launch an IPO within the next 8-14 months.