Mint Payments Completes Share Purchase Plan
Mint Payments has announced it has completed its share purchase plan. The offer, which was expected to generate AU$1m in new funds, was oversubscribed and closed at AU$1.2m. Following Mint’s announcement on 14 May that AU$5.4m had been secured through a combination of equity and debt, this brings Mint’s total funds raised in the quarter to AU$6.6m.
The funds will be used to expand Mint’s footprint across Southeast Asia, accelerate growth in their direct to customer channel in Australia and support general working capital requirements.