FinTechFunding

Shekel Brainweigh: Raises US$5M for investment growth

  • Shekel Brainweigh (SBW) has secured an additional US$5 million (roughly A$6.57 million) in funding from an investor
  • The extra funds will come from Yavneh Group, an Israeli co-operative that’ve signed a convertible note agreement with Shekel
  • Shareholders will need to sign off on the note agreement, with each note to have a face value of US$1 (about A$1.31) and a four-year maturity date
  • The investment will help strengthen SBW’s balance sheet and help them to execute an aggressive growth plan
  • Shekel previously raised $2.1 million in capital via a placement to investors back in January this year
  • SBW shares are trading down 3.57 per cent at 13.5 cents each
Previous article
Plaid: Introducing Plaid’s FinRise Class of 2021
Next article
GoFundMe: Partners with Stripe
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.

You May Also Like

FinTech

JPMorgan Pilots Software to Monitor Junior Bankers’ Working Hours

New initiative aims to enhance oversight of junior employee hours worked.Highlights: JPMorgan tests software to monitor working hours...
FinTech

Goldman Sachs to Implement Performance-Based Staff Cuts in April

The bank plans restructuring amidst shifting financial landscape.Highlights: Goldman Sachs plans performance-based staff cuts in April.The restructuring aims...
FinTech

Nasdaq Secures SEC Approval for Trading Tokenized Securities

This marks a significant advancement in digital asset trading.Highlights: Nasdaq gains SEC approval for trading tokenized securities.This approval...
FinTech

Aveni Launches Agentic AI Council to Enhance AI Ethics

New council aims to guide ethical AI development and deployment strategies.Highlights: Aveni establishes the Agentic AI Council for...