Cirralto confident of “multiple” new commercial payment and point-of-activity lending opportunities
Cirralto Ltd (ASX:CRO) has loaned its long-term fintech partner Invigo $2 million as it seeks to extend strategic commercial funding programs and support the deployment of B2B buy-now-pay-later products.
The company and Invigo first formed a strategic partnership in August 2019, to launch an integrated platform for their respective customers to access.
Cirralto supplies industries with a broad range of B2B payment services, digital trading software and integrated solutions, while Invigo provides easily accessible business finance and business management tools.
The $2 million loan is expected to “unlock multiple commercial payment and point-of-activity lending opportunities”, with a broad B2B BNPL pilot program with several retailers and manufacturers, including several hundred trading partners, to be undertaken as part of the deal.
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