Vix Investments Limited is a global Fintech investor specialising in the payments sector.
The placement will be made pursuant to s708 (11) of the Corporations Act 2001, to raise AU$4,000,000.
In addition to the Placement the Company will offer eligible shareholders the right to participate in a Share Purchase Plan (SPP) at the same price as the Placement.
The amount raised by the SPP will be capped at AU$1,000,000. The SPP will be subject to the Board’s discretion and scale back may apply to applications under the SPP.
“Vix’s experience in the payments sector has already highlighted several growth opportunities for Mint, both in Australia and various South East Asian countries, and we look forward to executing these over the next 24 months,” said Mint CEO Alex Teoh.
On Mint Payments new partnership with eWay, their agreement will see eWAY will licence Mint’s “card present” capability to distribute their own mobile point of sale (“mPOS”) solution.
eWAY’s 20,000+ merchants will now be able to accept the full spectrum of card payments, including Visa and MasterCard, as well as EFTPOS through popular payment methods such as Apple Pay, Contactless, Chip & Pin, and Magnetic Swipe.
Mint will derive ongoing revenues from monthly fees, merchant service fees, transaction fees and hardware fees.
The partnership will provide an omni-channel payments solution across markets in Australia, New Zealand, Singapore, Hong Kong and Malaysia.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Chase, the US consumer and commercial banking business of JPMorgan Chase & Co, has signed a multiyear agreement with Best Buy, that will see the electronics retailer accept Chase Pay in its stores, on BestBuy.com and in the Best Buy app.
Barclaycard has partnered with Case Station, a company that makes personalised phone cases, to embed contactless technology in the latter's smartphone cases.
Digital challenger bank, N26, which has been live for one and a half years and has more than 200,000 customers, rolled out a new feature that allows its customers to transfer money using Siri. All they have to do is talk to it.