iSignthis Raises $10 Million from Institutional Share Placement

[kreslik.news]

iSignthis, a payment and identity verification technology company, announced today that it has raised AU$10 million ($7.2 million) before costs from securing a placement of 68,965,517 ordinary shares. The shares were bought by a number of wholesale and sophisticated investors at a price of AU$0.145 per share.

The securities are expected to be issued on Monday, October 8, 2018. Petra Capital and Merchant Corporate Advisory jointly led the placement. The new shares will rank equally with the existing fully paid ordinary shares in iSignthis.

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iSignthis aims to perform certain banking functions like PayPal

Recently, the firm ... (read more)