There isn't anything out yet on the amount of revenue, only that this is the first trade finance customers under the referrals with Mastercard and Fresh Supply Co. Given the temporal connection between the announcement of the Invigo acquisition, the referral agreements and now the trade finance customers, I have joined the dots that CRO is providing the trade finance via Invigo (https://www.invigo.com.au/home) and will therefore take the 1.5% clip on the payment processing via Spenda and also a commercial trade finance margin on the lending side via Invigo, less the % due to Mastercard/Fresh Supply under their referral agreements. Not sure if you have dealt with trade finance previously, but the interest rates are typically high and/or often requires security of real property assets.
CRO Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
