iSignthis (ASX:ISX) has today announced the successful completion of a $10 million institutional placement.
The funds raised will be used to satisfy the regulatory requirements for the company to carry on a business as a Provider of a Purchased Payment Facility, via its subsidiary iSignthis eMoney.
The license application is still under review by APRA and may be subject to other conditions.
iSignthis eMoney will also process and directly settle card placements under the Reserve Bank's Payment Card Access regime.
Shares in ) have just resumed trading following the placement and are currently 6.25 per cent lower at $0.15.