This R3 told the Fortune that this figure came from a canceled plan now to sell the stake in a research subsidiary. Although last year R3 had implied that this company had a big goal of increasing $ 200 MLN in funding. This figure is described as preposterously close with figures.
These unknown former R3 employees have told Fortune that the internal financial goals of the consortium are 10x less than their revenue. At the end of May, Foreign Currency Settlement Provider, CLS has invested $ 5 million in R3 as part of the third round of R3 fundraising. The Charlie Cooper has R3 managing director,
Fortune has been told that the company is not in danger of getting out of revenues and will issue an update on its finances at the end of the calendar year. At present, they have more than enough money and there is no plan to raise additional funds at this point.
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