- Rewardle (RXH) has received a tax refund of almost $574,00 under the Federal Government’s Research and Development (R&D) Tax Incentive program
- This payment is a refund for the research and development costs Rewardle incurred during FY20
- The company will use the refund to continue its investment in research and development, and manage its working capital
- Rewardle is a social network that connects its users to local businesses around Australia
- Its platform combines membership, points, rewards, payments, and social media which allows its users to earn ribbons to redeem rewards
- Rewardle is up a healthy 11.1 per cent on the market with shares trading at 1 cent each
Rewardle: Receives $573,827 R&D refund
