This is a solid announcement ($40M equity investment at a SP price of $0.81 per share).
ZipMoney is back-ending into the banking industry, with investment from Westpac, board representation, and criterion-based revenue targets over a 5 year period from $25M and $75M over a five year period.
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- Ann: Westpac invests $40M in zipMoney
Ann: Westpac invests $40M in zipMoney, page-2
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