Highlights
-- $10.5m in new funding committed via a corporate bond issue
-- Supports growth in core payment processing business and capital for proposed banking business
-- Leverages strong balance sheet to continue growth without diluting share capital
Novatti Group Limited (ASX:NOV) (Novatti or Company), a leading fintech enabling businesses to pay and be paid, is pleased to announce that it has secured commitments for $10.5m in new growth funds through a corporate bond issue.
As flagged in its June quarter update, Novatti has been considering ways to unlock further growth funds, including by leveraging its assets to avoid shareholder dilution.
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