Brief: 24SevenOffice Receives Research Funds For Its FinTech Project From Innovation Norway

Done.ai AB

30/11/2020 07:34

Nov 30 (Reuters) - 24SevenOffice Scandinavia AB  247.TE :
    * 24SEVENOFFICE HAS RECEIVED RESEARCH FUNDS FOR ITS FINTECH
PROJECT FROM INNOVATION NORWAY
    * 24SEVENOFFICE HAS RECEIVED A TOTAL OF 16 MNOK IN RESEARCH
FUNDS
    * FUNDING CONSISTS OF 4 MNOK IN GRANTS AND 12 MNOK IN LOAN.
    * GRANT WILL BE PAID OUT 30% IMMEDIATELY AND AN ADDITIONAL
50%
WHEN HALF WAY THROUGH PROJECT
    * LOAN IS OVER 7 YEARS WHERE FIRST 2 YEARS ARE WITHOUT
DOWNPAYMENTS AND FIRST YEAR IS INTEREST FREE
    * INTEREST RATE FOR LOAN IS 3.7%.

Source text for Eikon:  ID:nWkr3sxjwQ 
Further company coverage:  247.TE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))