I have a prospect that is developing a host card emulator to function similar to something like Apple Wallet. They have a contract with an existing order and have upcoming additional contracts expected in the next couple of months. The challenge is they are still finalizing a prototype and need funding to finalize the hardware piece and finish development. They have milestone payments they will be receiving, the first one being a deposit for the contract, which they already have invoiced for and is due in June.
The client is seeking a total of $7.5MM for the initial order, but this could be accomplished in tranches against the overall contract as milestones are met, which are laid out in the contract. If you are interested or feel you have someone that would be, please call me at 801-462-1961.