*US election commentary by Cashwerkz Director, Craig Swanger Irrespective of the ultimate winner, we are in for some very volatile…
Written by Cashwerkz Published: November 4 2020 General
Investors have backed Cashwerkz despite the current market conditions, as the team are delighted to announce a $5million capital raise. The company achieved its target of $5million as investments came from a mixture of new and existing equity funds and private individuals.
“The team at Cashwerkz take our responsibility to shareholders very seriously and will endeavour to execute the strategic plan mapped out to investors. As such, over the coming months, we seek to build our path to profitability. Already the team have the vision and the plan of attack, now as a result of the successful backing of investment, we have the capital needed for success,” Cashwerkz CEO, Jon Lechte, said.
“Therefore, we will bring an open and transparent model for cash and bond investing in the market. We will achieve this together with the assistance of our many partners who manage or advise their client’s money. Our Term Deposit model offers a wide choice, perfectly safe “no-touch” transfers and a simple once-only onboarding process. Our bond offering will be embedded within this architecture and will, therefore, be offered as open architecture to other market participants to enjoy,” Jon Lechte continued.
Given the current market conditions, the raising of $5million is a huge vote of confidence in both the team and the business. The entire Cashwerkz team has expressed its gratitude and now fully resourced, the company rises to an exciting new challenge.
See the ASX release here.
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