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EbixCash Financial Exchange reports revenue of $11.1 million in Q3 2017

EbixCash Financial Exchange reported revenue of $11.1 million for the quarter ended September 2017 (Q3 2017). In Q2 2017, EbixCash Financial exchange reported revenues of $8.4 million. Nasdaq-listed Ebix, which provides software for the insurance, financial, e-governance and healthcare industries, renamed ItzCash as EbixCash after it bought the company for $120 million in August. Ebix said that it wanted to build a financial exchange following the deal and has been on an acquisition spree in India and has been stepping up its operations. - It bought three cross-border money transfer companies - YouFirst Money Express, Wall Street Finance, and Paul Merchants within one month. - It acquired online travel agent (OTA) Via.com for $74.9 million. - It started a joint venture with the Bombay Stock Exchange for setting up an insurance distribution network. The money transfer businesses and Via will be under the umbrella…

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