leadf
logo-loader
viewCirralto

Cirralto 'a serious player' and looking to aggressively commercialise after A$18 million raise

Cirralto Ltd's (ASX:CRO) Adrian Floate speaks to Proactive's Andrew Scott following its A$18 million fundraise to institutional, sophisticated and professional investors. The strategic capital raise follows two other placements; one in August 2020 undertaken to recapitalise the company, resulting in a debt-free balance sheet, and the second, in November 2020, to support the company’s growth with various payment providers. The company intends to use funds for an accelerated commercialisation plan for its products, potential synergistic acquisitions, commercialisation of pilot business payments solutions and for future working capital requirements.

Quick facts: Cirralto

Price: 0.086 AUD

ASX:CRO
Market: ASX
Market Cap: $175.59 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Cirralto named herein, including the promotion by the Company of Cirralto in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Cirralto details loan funding agreement with Invigo

Cirralto Ltd's (ASX:CRO) Adrian floate caught up with Proactive's Andrew Scott soon after entering into a strategic loan funding agreement with Invigo which he says is expected to unlock multiple payment and point-of-activity lending commercial opportunities. The agreement has been executed...

6 days, 14 hours ago

2 min read