Emirates Capital to source funds for Norwegian firm at USD21m

16 Oct 2016

(MENAFN) The Emirates Capital Limited (TECL) has been retained to assist with sourcing capital funding of more than USD21mn by a Norwegian firm (client).

Moreover, the client owns tech with potential to disrupt the monopolistic world of payments amid the banking system.

Accordingly, at USD20 per wire transaction, bank costs for wire transfers are almost USD260mn on a daily basis.

In addition, the firm used the latest in IT communication and IT security standards and has built in new and advanced functionality to enhance options available to banks.

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