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WAY 2 VAT LTD ( (AU:W2V) ) has provided an update.
Way2VAT Ltd has announced a successful raising of A$1.3 million through convertible notes issued to sophisticated investors and key shareholders, including top stakeholders like De Silva Investments and others. The funds will be primarily used for working capital and to support the company’s financing facility, aiding its growth and push towards an operating surplus. This financial move is expected to bolster Way2VAT’s market positioning and operational efficiency, potentially benefiting its extensive client base and stakeholders.
More about WAY 2 VAT LTD
Way2VAT Ltd is a global fintech leader specializing in automated VAT and GST claim and return solutions, operating across more than 40 countries and in over 20 languages. The company, which was established in 2016 and is headquartered in Tel Aviv with offices in the UK, Spain, and Romania, serves approximately 375 global enterprise businesses and employs over 70 people. Way2VAT owns patented AI technology that supports the world’s first fully automated, end-to-end VAT reclaim platform.
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of W2V stock, go to TipRanks’ Stock Analysis page.
