Abbrevia

Dubai, United Arab Emirates Founded: 2005 • Age: 21 yrs Acquired By I-RFK
Compliant testing and certification solutions are offered for payment systems.
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About Abbrevia

Abbrevia is a company based in Dubai (United Arab Emirates) founded in 2005 by Khalid Abanumay was acquired by I-RFK in October 2023. It operates as a SaaS (Software-as-a-Service), and Professional Services. Abbrevia offers products and services including Test and Certification Platform and Decision Management Platform. Abbrevia operates in a competitive market with competitors including Yethi, Payhuddle, XMLdation, Iliad Solutions and Beijing UnionPay Gold Card Technology, among others.

  • Headquarter Dubai, United Arab Emirates
  • Founders Khalid Abanumay
  • Sectors
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    I-RFK

    (Oct 12, 2023)

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Products & Services of Abbrevia

Abbrevia offers a comprehensive portfolio of products and services, including Test and Certification Platform and Decision Management Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Platform for testing and certifying payment systems comprehensively.

Tool for automating decision-making processes in organizations.

Funding Insights of Abbrevia

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

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Investors in Abbrevia

Abbrevia has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include I-RFK. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Investor Description Founded Year Domain Location
Private equity investments are directed toward multiple sectors by I-RFK.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Abbrevia

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Abbrevia

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Abbrevia Comparisons

Employees
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Competitors of Abbrevia

Abbrevia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Yethi, Payhuddle, XMLdation, Iliad Solutions and Beijing UnionPay Gold Card Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Provider of quality assurance and testing automation services for banking and financial services industries
domain founded_year HQ Location
Provides tools for payment scheme certification and terminal testing in the fintech sector.
domain founded_year HQ Location
Financial transaction messages are tested via a specialized platform.
domain founded_year HQ Location
Offers platforms for testing financial payments, APIs, and certification services.
domain founded_year HQ Location
Offers a system for testing financial and payments products in the industry.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Abbrevia

Frequently Asked Questions about Abbrevia

When was Abbrevia founded?

Abbrevia was founded in 2005.

Where is Abbrevia located?

Abbrevia is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.

What does Abbrevia do?

Abbrevia is established as a provider of test and certification platforms for the payment industry. Solutions are offered to banks, POS vendors, and payment networks. The companys platforms cover the full payments value chain, including ATM emulation and network simulation. Services such as consultancy, project management, and RFP management are also provided to various financial entities. Operations are focused on enhancing testing quality while reducing costs and time to market for clients in the financial technology sector.

Who are the top competitors of Abbrevia?

Abbrevia's top competitors include Yethi, Payhuddle and XMLdation.

What products or services does Abbrevia offer?

Abbrevia offers Test and Certification Platform and Decision Management Platform.

Who are Abbrevia's investors?

Abbrevia has 1 investor. Key investors include I-RFK.

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