One Click Group's strategic fundraising

One Click Group (ASX:1CG), an Australian financial technology company, has successfully raised $3.25 million through a placement of approximately 401 million shares at $0.0081 per share. The placement will occur in two tranches, with new institutional investors joining the company's share register.

Outlook on One Click Group's strategic placement

One Click Group has raised $3.25 million through a two-tranche share placement, attracting new institutional investors and involving director commitments of $744,000. The funds will support the company's growth strategy, focusing on marketing, product development, and working capital. The first tranche will use existing placement capacity, while the second requires shareholder approval in December 2024. This initiative aligns with One Click Group's plans to expand its financial technology offerings and enhance its market position.

Executive insights on fundraising success

We are pleased to have completed this successful capital raise which strengthens our balance sheet and supports our growth initiatives in marketing, product development, and working capital.