Baker Young Corporate was the lead manager to the raising of $2.275m in 9% Secured Convertible Notes.
Novatti will use this capital raising to Fund Payments Processing Growth Plans
Highlights (Nov Con NOte – ASX)
- $2.275m raising via Convertible Notes
- Enables growth of Visa Issuing business and European E-Money license
- Funds growth for core payments processing business
Novatti Group Limited (ASX: NOV) (Novatti) a payments innovator and processor, is pleased to advise that through Baker Young Stockbrokers Corporate it has entered into binding term sheets for the issue of convertible notes for the amount of $2.275m to professional and sophisticated investors.