FINO secures Rs 80-crore funding
Biometric-enabled smart card solutions provider Financial Information Network and Operations (FINO) on Monday said it has secured a funding of Rs 80 crore for its projects.
By PTI |
MUMBAI: Biometric-enabled smart card solutions provider Financial Information Network and Operations (FINO) on Monday said it has secured a funding of Rs 80 crore for its projects.
The investors include big names like ICICI Bank, ICICI Lombard, LIC, Union Bank of India, Corporation Bank, Indian Bank, IFC, Legatum Finance and Intel Capital.
"This infusion of capital will enable our company to rapidly position our assets in those markets where growth opportunities are more robust," FINO Chief Financial Officer Rishi Gupta said in a statement here.
"About 75 per cent of the investment will be contributed towards IT and IT-enabled services and about 25 per cent in assorted development," he added.
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