Peppermint Innovation (ASX: PIL) has today announced that Caason Group is increasing its secured convertible note from $250k to $1.5m.
PEGG Capital, on behalf of Smidge Digital Unit Trust, has also agreed to invest $1.5m at 2.5cps.
Craig Astill, Caason Group MD & CEO, said: “Peppermint’s vision to deliver financial inclusion and social good to those with limited access to banking in Philippines fits perfectly with our investment ethos. We are very encouraged by Peppermint’s efforts to accelerate adoption of its financial technology platform in the Philippines and beyond.”
This was announced to the ASX: https://www.asx.com.au/asxpdf/20190301/pdf/44349mksjbg6c4.pdfhttps://lnkd.in/f4k2BpZ