Ann: $10.5m in New Growth Funds to Unlock Larger Markets, page-21

Funding is required for security deposits in the issuing and acquiring space - these are generally a percentage of transaction value. So growth requires capital to be allocated - far better that its debt than equity which is very expensive at the moment to issue

PS this money is unlikely to go into general funds and will be likely ring-fenced and securitised agains various third party deposits BUT it does free up the Reckon dividend to be spent on growth

I thought they had agreed funding on the bank (needed $10m just to play) hopefully those funders will still proceed with project - looks like a market focussed low cost model making money from valuable remittances where NOV have a lot of experience as a payment processor and a lot of remittance plug ins already - add Stable coins remittance models may be very interesting? But no news yet of the plans for AUDD