The company is raising up to £15m in a placing, presenting investors with an opportunity to shortcut years of set-up and cash burn to come in at a point when the core mobile money solutions business has been reshaped to generate profit, while the HomeSend JV with MasterCard expects to breakeven in 2017 and start generating significant cash profit through 2018. Existing shareholders have been through a difficult initial set-up phase where progress has been slower than expected, costs hav
10 Jun 2016
Taking a shortcut to success
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Taking a shortcut to success
- Published:
10 Jun 2016 -
Author:
Cavendish Research -
Pages:
32
The company is raising up to £15m in a placing, presenting investors with an opportunity to shortcut years of set-up and cash burn to come in at a point when the core mobile money solutions business has been reshaped to generate profit, while the HomeSend JV with MasterCard expects to breakeven in 2017 and start generating significant cash profit through 2018. Existing shareholders have been through a difficult initial set-up phase where progress has been slower than expected, costs hav