CR2 receives new $7.5m investment

CR2 Group, has announced that it has received additional investment, and has appointed Dr Chris Horn, as non-executive director, to the CR2 Board.

Additional capital investment has been provided to CR2 from its existing investors, including GIMV, NIB Capital, and ACT Venture Capital.

The total value of the investment is worth US $7.5m and the funding will be used for the on-going software development and business expansion.

This investment values CR2 at approximately $35m.

CR2 is a global provider of channel banking and card payment solutions.

Recently CR2 has signed major contracts for its Channel Banking and Card Payment products, BankWorld and CardWorld respectively.

Significant signings of deals include a multi-million dollar contract with Bank Muscat, Oman, in addition to IndusInd Bank, India and Royal Bank of Trinidad and Tobago.