iSignthis,
(ASX:ISX) a company specialising in identity verification and payment authentication, has placed up to $6.5 million from institutional and sophisticated investors at 19 cents a share.
The placement is a result of an investor briefing roadshow in Hong Kong, Sydney and Melbourne.
The company said the briefing sparked interest among existing and new institutional investors.
This capital raising is expected to provide the company with an additional $2.33 million in working capital.
The funds will be applied to its own subsidiary iSignthis eMoney which trades as ISXPay and also to accelerate the company’s strategy by expanding sales and marketing activity.
Shares in iSignthis,
(ASX:ISX) are trading 5.13 per cent higher to 21 cents.
