Sign up Australia
Proactive Investors - Run By Investors For Investors

Freelancer Limited gains regulatory nod for acquisition

Freelancer Limited gains regulatory nod for acquisition

Freelancer Limited (ASX Code:FLN) has received final regulatory approvals for the acquisition of from regulators in the United States.

The process for financial close with the seller has commenced is expected to occur shortly. is the leading provider of secure online payments and online transaction management for consumers and businesses on the Internet.

The company posted FY14 gross payment volume of US$265 million, net revenue of US$5 million, EBITDA of US$1.2 million andover US$2.2 billion in transaction volume to date.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Register here to be notified of future FLN Company articles
View full FLN profile

Freelancer Timeline

Related Articles

people sat round a table discussing the marketing strategy
April 03 2017
Revenues and profits are on the up and the group is making steady progress on its path to profitability
September 25 2016
Bournemouth-based Modrus will be modestly earnings in the first financial year and add significantly more to the bottom line in the second.
Kevin Spacey holding a blood sample
September 19 2016
Instem currently has more than 500 clients across the globe. It reports a 98% client retention rate, which it says is a “true measure of our success”.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use