Elevate Money recently completed a $1.5m growth capital raise to accelerate growth of their embedded finance technology.
Elevate Money is backed by Arowana Capital and connects trusted brands with relevant financial services. They help software companies embed smart financial products into their app, grow revenue and delight customers.
Elevate Money’s core solution is an embedded superannuation product which enables employees to easily select, sign up and provide all relevant information to their chosen superannuation fund whilst in the HR application. This facilitates a quick, efficient and seamless employee onboarding whilst allowing the employee’s superannuation account to be correctly identified.
The team at Elevate Money engaged Frank Law + Advisory to outline a capital raise strategy and implement the strategy to raise strategic growth capital.
Frank Law + Advisory raised 100% of the growth capital within 48 hours of engagement.
Elevate Money plans to use the growth capital to accelerate the deployment of its core product in Australia and fast track the development of additional embedded financial products.
Frank Law + Advisory is a Corporate & Commercial Law Firm and Corporate Advisory Practice.
If you would like to discuss the capital needs of your business please reach out to the Head of our Corporate Advisory team, James Frank.
02 9688 6023
Source link: https://www.franklaw.com.au/blog/frank-law-advisory-advises-elevate-money-on-successful-growth-capital-raise by [email protected] (James Frank) at www.franklaw.com.au