LONDON (Alliance News) - Online personal health and wellbeing services company Fitbug Holdings PLC on Wednesday said it has secured a new loan from NW1 Investments to boost its working capital position.
Fitbug has secured a GBP650,000 loan from NW1, which will be repayable in July 2017, in line with the existing loans the company has from NW1.
Fitbug said it intends to use the funds for near-term working capital purposes, particularly backing the growth of the second version of its Kiqplan product.
Shares in Fitbug were up 5.1% to 0.92 pence on Wednesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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