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Peppermint Innovation Limited ( (AU:PIL) ) has shared an announcement.
Peppermint Innovation has raised A$500,000 via a discounted share placement to sophisticated and professional investors, issuing 142.9 million new shares with attaching options, to fund the expansion of its bizmoto digital wallet and payments platform in the Philippines. The capital will be deployed to accelerate rollout and adoption within the MASS-SPECC cooperative network of around 3.4 million members, before targeting the wider 13.6‑million‑member cooperative market, enhancing core transaction services such as cash-in, bill payments and QR-based merchant payments, and pursuing corporate partnerships and payment gateway opportunities aimed at boosting transaction volumes and recurring revenues.
More about Peppermint Innovation Limited
Peppermint Innovation Limited is an Australian-listed fintech company that owns and operates the bizmoto licensed digital wallet and payments platform, regulated by the Bangko Sentral ng Pilipinas. The platform is integrated with national payment rails InstaPay and QRPh, targeting the fast-growing digital payments market in the Philippines, with a particular focus on the country’s large cooperative sector.
Technical Sentiment Signal: Sell
Current Market Cap: A$10.04M
See more data about PIL stock on TipRanks’ Stock Analysis page.