Re people asking why they need to raise money, this is perfectly normal behaviour for a fast growing company who want to expand as quickly as possible. It’s sensible to keep some money in the bank.
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Yesterday update should include raising cash too. Not the day after.
In addition, the Company is exploring further value enhancing acquisition opportunities that can assist with accelerating the development of the Group as it focuses on developing a borderless neobanking
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They also implied they are making money too. Many would have thought reinvesting the cash they made.