Ann: Collaborate enters peer-to-peer Fintech market with FundX, page-62

Tough call either way, I think they have been v careful to avoid dilution whilst managing a deal pipeline which timing is dependant on other parties. I'm pretty sure they have some good bigger deal stuff bubbling away which they have been chasing for months.

If you look at it the other way we would have all been pretty pissed if they did a massive raise at 2c months ago but a few weeks afterwards closed a major category. Partnership launch (eg pet minding with green cross vets) and it immediately rerated to 5c.

Also got a good feeling whilst they included a variety of reasons the timing of the money they have just drawn down is not driven by just on ongoing DMC cost burn but is for new category launch/partnership/investment