FinTechFunding

Spirit Telecom: Announces three acquisitions and $23.2M cap raise

  • Spirit Telecom has announced a raft of good news, including the successful completion of an $18.2M placement and three new acquisitions
  • The IT companies Spirit has acquired include Altitude IT, Beachhead Group and Reliance Technology
  • All of the companies are based in Sydney and the Central NSW, allowing Spirit to expand its market
  • Meanwhile, the capital raise consists of the recently completed placement and a $5 million share placement plan
  • The additional equity will used to fund more acquisitions, expand the company’s marketing and grow its SpiritX platform
  • Shares in Spirit Telecom are trading up 8.11 per cent for 40 cents each
Previous article
Worley: Enters global allience with Haldor Topsoe
Next article
NICE Actimize: Launches AI Tool To Fight Financial Crime
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

WealthCom Secures $65M Funding Boost for Expansion

The investment aims to enhance service offerings and accelerate growth.Highlights: WealthCom raises $65 million in Series B funding.New...
FinTech

Financial Health Tools Could Unlock $5B in SME Lending

CFIT report highlights the potential of financial hygiene tools for small businesses.Highlights: CFIT report suggests financial health tools...
FinTech

Coinbase Strengthens UK Crypto Borrowing Options for Customers

Users can now borrow against their cryptocurrency holdings in the UK.Highlights: Coinbase now allows UK customers to borrow...
FinTech

Chase UK Appoints Monzo’s Malani as CEO, Strengthening Leadership Team

Former Monzo executive will lead Chase UK's growth strategy.Highlights: Chase UK appoints Monzo veteran Malani as CEO.This move...