PROVEN Group has signed a multi-million dollar equity deal with Lititia Myers-Gray, former head of Beryllium, to help form ECHE Limited.
The new firm, launched last week, is described as a strategic solutions company in the payments industry.
ECHE is seeking to optimise Jamaica's ATM network through its information technology-enabled services and payment solutions.
Lititia Myers-Gray says the company plans to invest about $500 million in the first two years of ECHE's operations.
Peter Bunting will be the company's Chairman, serving on the board with PROVEN's Christopher Williams, Nerisha Farquharson, VP Treasury and Private Equity and Prescient Consulting's Rochelle Cameron.
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