Earthport places 55.2m shares to accelerate growth and expansion

Earthport, a cross-border payments company, has placed around 55.2m new ordinary shares at 14.5p each, the proceeds of which will be used to accelerate growth, for geographic expansion and representation, continued execution of direct sales strategy and increase sales channel partner programme.

Earthport, a cross-border payments company, has placed around 55.2m new ordinary shares at 14.5p each, the proceeds of which will be used to accelerate growth, for geographic expansion and representation, continued execution of direct sales strategy and increase sales channel partner programme.

Gross proceeds of £8.0m were raised by both existing and new institutional investors.

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