Smartpay completes A$13m raising

Fri, 22 May 2020

Eftpos provider Smartpay Holdings has raised A$13 million from institutional investors to support its growth in Australia and New Zealand. The payments processor placed 30.9 million new shares at 42 Australian cents per share – the closing price on May 20. Existing shareholders will shortly be offered stock at the same price through a share purchase plan, the company said.The stock was placed in a trading halt on May 20 when media reported a capital raising was being pitched to investors. Smartpay then confirmed it was attempting to...

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