Cirralto Agrees to provide funding services to eBev
- Cirralto (CRO) pens an agreement with eBev.com to provide lending services through its online trading network
- eBev’s network of 12,000 buyers purchase more than $150M worth of product per annum through the platform, which Cirralt will provide funding against, initially up to a level of $1 million
- The agreement provides for an initial facility term of 12 months and is subject to a 30-day notice period, with eBev being charged at the company’s standard facility rates
- The services are expected to go live within ten days, subject to internal provisioning processes
- The company was up 5.26 per cent, trading at 6 cents per share at 1:10 pm AEDT
