Change Financial Ltd (ASX:CCA) has raised funds to accelerate growth

Change Financial Limited has raised US$4.65 million to accelerate growth via a sole placement to successful fintech entrepreneur Michael H. Giles.

Change Financial Limited is a global fintech, leveraging innovative and scalable technology to provide tailored payment solutions, card issuing and testing to banks and fintechs. Change’s technology is used by over 156 clients across 41 countries to deliver simple, flexible and fast-to-market payment services.

Oaklins’ team in Australia acted as corporate advisor to Change and is the second capital raise the team has advised them on in the last nine months. The successful transaction provides a further example of Oaklins’ ability to partner with exciting growth companies, particularly within the financial services sector.