Funds raised from the share placement will be used to implement the recently outlined RCubed contract wins, anticipated new contracts and to grow the business.
K2F’s CEO Brian Miller said: “We are delighted to have received strong demand for the placement from both existing and new institutional and sophisticated investors who are very supportive of the company’s direction and implementation of the recently announced RCubed SaaS contracts and our future growth prospects.”
Proactive caught up with K2fly last week to discuss their recent contract wins.
Growing a SaaS business
K2fly is a technology company focused on building a high margin SaaS business based in Perth and Johannesburg.
The company generates revenue through SaaS contracts with customers for its two software solutions, RCubed and Infoscope.
K2fly also generates revenue by reselling third party’s software and provising consulting services to its clients.