Cashplus To Raise $69 Million In First Outside Investment

Cashplus, which is newly in possession of a banking license, has rolled out a 50 million pound ($69 million) fundraising to help grow the company as well as meet loan demands, according to Reuters on Wednesday (Feb. 17). Company CEO Rich Wagner said the fundraising had been approved by the end of last week. He said he had been seeking equity from growth investment firms. This would mark the first outside investment to Cashplus, aside from the backing it received from its main shareholder...
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