Ann: Quarterly Activities Report, page-3

Regarding FSCo and Mastercard, this is all we get to know for the moment...

Agri-Business (p3)
During the quarter the Company announced its plan to develop core revenues in
the agricultural sector. On the back of these activities, the Company entered into a
strategic relationship with Fresh Supply Co as a referral partner. The
commercialisation of this agreement will enable the Company to tackle the
agricultural sector through Fresh Supply Co’s established network of more than 20
livestock, grain and fruit and vegetable farmers. The companies are currently working on a strong pipeline of opportunities in payments and non-bank lending
presenting material revenue-generating opportunities for Cirralto.
The parties will work collaboratively across their respective mutual relationships
with MasterCard.

What is very interesting is the section of the report discussing a Debt Warehouse:

Establishment of a Debt Warehouse (p10)
The acquisition of Invigo and the blending of our customer bases, coupled with
Cirralto’s recent customer and referral agreements, has resulted in the Company
needing to establish a debt base for on-lending purposes.
The Company is currently executing plans to establish a debt warehouse to
support demand for its payment and non-bank lending services across the
AgriBusiness, Tech and SpendaCollect channels. The establishment of a debt
warehouse will be a major enabler for future revenue as the Company unpacks its
Spenda technologies in the market.
Cirralto’sManaging Director, Adrian Floate, said: “This has been a transformational
quarter for the Company. We are commercialising several products in five major
verticals that are enabling us to attack the addressable market of late payments
that in Australia alone is worth more than $A110B. We have established critical
building blocks during the June quarter that will allow us to grow sustainably. We
were really pleased to achieve our sixth consecutive quarter of double-digit
growth. We are extremely well-positioned to capitalise on the significant
opportunities that lie ahead of us in FY22 and beyond.”

That is going to be interesting to find out more about as events unfold. Next quarter is going to be a very exciting one!