AQUILA BROADENS GLOBAL FINTECH REACH THROUGH ACQUISITION OF CIBAR
Aquila today announced the acquisition of Cibar Inc. (“Cibar”), a best-in-class banking software solution for the international trade finance industry. Cibar, a pioneer and specialist in trade finance applications, was established in 1969 and has its headquarters in Colorado Springs, USA. Its modules cover imports and exports, standby letters of credit, guarantees, cash letters, wire transfers, and more.