earthport bolsters board for Asian adventure
- Added:
- Nov 29, 2002
Earlier this month, the company secured a cash injection of £1m from VCP Partners, to exploit territories such as India, Pakistan and Sri Lanka. Today, it announced that it has recruited Ravi Manchanda and Christopher Crawford Keen as non-executive directors with immediate effect, to bolster its efforts on the Indian sub-continent and The Gulf region.
Manchada, currently MD of business and financial consultancy The 1 Group, coordinated the investment from VCP and sits on the board of Bharti Global, a subsidiary of India's largest telecoms operator, The Bharti Group.
Keen, a partner at investment advisor Culross Global Management, has strong links with companies that are active in The Gulf, having served as CEO of the United Bank of Kuwait for 12 years. He is a non-executive director for a niche investment bank - The Investment Trust Limited - that specialises in Arab countries.
Earthport intends to roll-out its Universal Payment Network throughout The Gulf region. It is pitching the product as a payment platform that will be particularly valuable in countries where there is low credit card penetration.
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