FinTechFunding

Rewardle: Receives $573,827 R&D refund

  • 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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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