- Fatfish (FFG) receives $8 million from US-based fund investors, Arena Investors
- Arena will subscribe to convertible notes at a fixed price of 7 cents each and will have a tenure of 12 months
- Funds raised will be used to accelerate growth of its buy now, pay later (BNPL) and fintech businesses in Southeast Asia
- On the market this morning, Fatfish is up 17.0 per cent, trading at 6.9 cents per share at 12:03 pm AEST
Fatfish (FFG) has received funding of $8 million from US-based fund investors, Arena Investors.
Arena will subscribe to convertible notes at a fixed price of 7 cents each and will have a tenure of 12 months.
Funds raised will be used to accelerate growth of its out of its buy now, pay later (BNPL) and fintech businesses in Southeast Asia.
CEO Kin W Lau said the company had partnered with Arena Investors for three years now.
“They have been an incredibly supportive investor, working with the management of the company to grow our business,” he said. “They have provided funding to the company at key inflection points of the company. Over and beyond, they have also bought more shares in the open market.
“In addition, Arena Investors has extensive experience in funding lending related tech businesses globally. They are a long-term strategic investor that we value. We are pleased to work alongside them again to drive growth for the company for the next level.”
Earlier this month, the group reported its investee, Fatberry, had reported exponential growth.
On the market this morning, Fatfish was up 17.0 per cent, trading at 6.9 cents per share at 12:03 pm AEST.