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InFocus Group Secures Funding and Advances Stablecoin Project

Story Highlights
  • InFocus Group announced a USD 1.5 million services agreement for a stablecoin payments platform.
  • The company raised AUD 250,000 for working capital and client engagements, including the stablecoin project.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
InFocus Group Secures Funding and Advances Stablecoin Project

Confident Investing Starts Here:

Frugl Group Limited ( (AU:IFG) ) has shared an update.

InFocus Group Holdings Limited announced a corporate update involving a USD 1.5 million services agreement to develop a cross-border stablecoin-based payments platform, with an initial deposit of USD 38,000 received. Additionally, the company raised AUD 250,000 through a placement, primarily from Obsidian GP, a long-term supporter, to be used for working capital and advancing client engagements, including the stablecoin project.

More about Frugl Group Limited

InFocus Group Holdings Limited (IFG) is a data intelligence and software solutions company with expertise in data analytics, software and platform development. It operates four business units: InFocus Analytics, the Frugl Grocery app, and software development consultancies Onify and Prodigy9, offering capabilities in business intelligence, cybersecurity, artificial intelligence, machine learning, and team augmentation.

YTD Price Performance: -5.00%

Average Trading Volume: 3,504,765

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$3.54M

See more data about IFG stock on TipRanks’ Stock Analysis page.

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