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IncentiaPay Ltd. ( (AU:EAT) ) has issued an update.
Entertainment Rewards Ltd has secured an additional $3.0 million loan facility from Suzerain Investment Holdings Ltd, increasing its loan amount to $10.5 million. This funding will support the company’s Revenue Pivot Strategy, enabling it to build high-value partnerships and pursue quality-driven opportunities, thereby strengthening its path toward strong revenue growth.
More about IncentiaPay Ltd.
Entertainment Rewards Ltd, through its Entertainment-branded subsidiaries, provides a marketplace for offers and rewards, connecting merchants with consumers seeking entertainment, lifestyle, and leisure experiences. Founded in 1994, it is a trusted source for member-only offers and deals, managing a large amount of entertainment-related merchant content. The company generates revenue through member subscription fees and marketplace features, offering data-as-a-service and targeted campaign value to merchants, enterprises, and fundraising partners in Australia and New Zealand.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.85M
For an in-depth examination of EAT stock, go to TipRanks’ Overview page.