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Peppermint Innovation Limited ( (AU:PIL) ) has issued an announcement.
Peppermint Innovation Ltd has secured a $3 million funding package through a convertible note and formed an Innovation Advisory Board, marking a transformative quarter. Despite a 23% revenue decline due to voluntary system downtimes following industry-wide cyber-attacks, the company protected customer funds and improved its cybersecurity. BizmoLoan’s revenue grew by 800% YoY, and the company is enhancing its platform capabilities, expecting to launch direct InstaPay access via its digital wallet by Q1 2025.
More about Peppermint Innovation Limited
Peppermint Innovation Ltd operates in the fintech industry and focuses on micro-finance services primarily in the Philippines. The company offers digital financial solutions such as fund transfers and loan services through its Bizmoto platform, targeting a robust network of potential users within cooperative federations.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.71M
Find detailed analytics on PIL stock on TipRanks’ Stock Analysis page.
