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Identitii Ltd. ( (AU:ID8) ) has provided an update.
Identitii Limited has sold its remaining shares in Payble Pty Ltd to OIF Ventures for $1.6 million, which will be used to fund the growth of its BNDRY platform. This strategic move is aimed at capitalizing on significant interest from Australia’s clubs and pubs industry, particularly in light of increased regulatory scrutiny following AUSTRAC’s legal actions against a major club group. The sale provides non-dilutive capital that extends Identitii’s financial runway into 2026, enabling the company to focus on transforming industry interest into revenue-generating contracts through its Cherryhub partnership.
More about Identitii Ltd.
Identitii Limited operates in the financial technology industry, focusing on combating financial crime by enhancing the use of financial data. The company invests in technologies that make financial data more secure, intelligent, and easier to utilize, providing solutions that have a real-world impact on businesses and their communities.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.22M
Find detailed analytics on ID8 stock on TipRanks’ Stock Analysis page.