- Business analytics company 9Spokes International (9SP) has entered back-to-back trading halts ahead of a capital raise
- Last week, 9Spokes entered a distribution agreement with U.S.-based fintech company, Fundation Group
- Fundation Group will promote 9Spokes’ business platform to U.S. banks and other commercial enterprises
- Essentially, 9Spokes’ platform allows users to connect all of their business apps to make them easy to access and inform business decisions
- Whether or not the capital raise will support further developments or partnerships is not yet certain
- Company shares last traded for 4.4 cents each on Tuesday, August 25
9Spokes International (9SP) has entered back-to-back trading halts ahead of a capital raise announcement.
The business analytics company will remain in a trading halt until the earlier commencement of trading on Tuesday, September 1, unless the capital raise is announced earlier.
Last week, 9Spokes signed a distribution agreement with U.S.-based fintech company, Fundation Group.
The initial five-year agreement involves Fundation Group promoting 9Spokes’ business platform to U.S. banks and commercial enterprises so that they can offer the platform to their small-to-medium businesses (SMBs).
Fundation and 9Spokes may also collaborate on new features, including the potential integration of Fundation’s data into 9Spokes’ platform.
Essentially, 9Spokes’ platform contains all the meaningful data for a business, including sales, engagement, inventory, financials, and more.
The platform also connects to a business bank, accounting, HR, point-of-sale, and digital marketing apps to feed business trackers and get data-driven insights.
Whether or not the capital raise will support further developments or partnerships is not yet certain.
Company shares last traded for 4.4 cents each on Tuesday, August 25.