Mint Payments raises A$6.6 million

Source: Mint Payments

Mint Payments Limited (ASX: MNW) (Mint) is excited to announce that they have completed the Share Purchase Plan.

The offer, which was expected to generate $1m in new funds, was oversubscribed and closed at $1.2m. Following Mint’s announcement on 14 May that $5.4m had been secured through a combination of equity and debt, this brings Mint’s total funds raised in the quarter to $6.6m.

The funds will be utilised to expand Mint’s footprint across Southeast Asia, accelerate growth in their burgeoning Direct to Customer channel in Australia and support general working capital requirements.

“We’re really heartened by the level of support we’ve received from our existing shareholders and pleased that our placement has also attracted new quality institutional investors” said Alex Teoh, CEO of Mint Payments.

“It’s a real testament to the growth we’re experiencing across the Travel and Hospitality sectors here in Australia, and the incredible opportunity we’re presented with through our partnerships in Singapore and Malaysia. These funds provide us with the resources necessary to capture the full value of these opportunities.”

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