Unite Global raised $5.25M from Svea Ekonomi.

Unite Global, a Fredrikstad, Norway-based software developer for banking cross-border payments, announced the completion of a $5.25M capital investment round.

The funding was provided by the Swedish bank Svea Ekonomi in a deal which values the company at at $106 million. Svea also has the option to double its investment in the firm at the same price per share if it wishes, which would make it the second largest shareholder with 9.91%.

Unite Global, founded in 2014 by Liam C De Rothschild, Tone Rorbakken and Tord H. M. Coucheron, develops an international payments utility solution enabling banks to achieve end-to-end real time payments. The  company is in discussions with about 30 larger banks worldwide, where up to a dozen of these will be selected as full partners in the new global network. The network will allow any bank to connect and get real-time access to any other bank in the network through an API.