class="page-template-default page page-id-3499 page-child parent-pageid-2594 wpb-js-composer js-comp-ver-4.11.2.1 vc_responsive" id="page-top">

Kyckr Raises $5.3 Million In Share Placement

NEWS

21 Jun 2018

 

Kyckr Limited is pleased to announce that it has successfully completed a Placement to institution and sophisticated investors to raise A$5 million (after costs).

 

The proceeds from the Placement will be used towards additional resources (Business Development and Account Management), the continued investment of Kyckr’s products (including the development of Machine Learning and Artificial Intelligence applications) and general working capital purposes.

 

Bell Potter Securities acted as the Lead Manager to the Placement.

``Kyckr continues to attract quality investors who believe that our capabilities position the business for success``

Kyckr’s Executive Chairman, Benny Higgins said, “Kyckr continues to attract quality investors who believe that our capabilities position the business for success in the ever increasingly complex world of Anti-Money Laundering and Know Your Customer. We appreciate the support from Bell Potter in this transaction.”

 

Read more about the Key Placement Terms and Key Dates by viewing the full ASX Statement.

 

About Kyckr Limited
Kyckr is a global regulatory technology (RegTech) business, providing data and technology solutions. Kyckr’s solutions are connected to over 200 regulated primary sources, in over 120 countries, providing real-time company registry information on over an estimated 80 million businesses globally. Kyckr provides automated technology solutions to improve the efficiency and effectiveness of Corporate KYC. Learn more about Kyckr at www.kyckr.com.

 

Contact:

Karl Pechmann

+61 401 085 399

investor.relations@kyckr.com

 

 

Never miss a news update: Subscribe to our newsletter