CR shouldn't be seen as negative. Quite the contrary as funds...

CR shouldn't be seen as negative. Quite the contrary as funds accelerate future growth
Existing facilities' pricing very expensive so removes the need to leverage
Also addresses cash burn.
Potential strategic partner (if M/V imagine what that would do for the share price)
Expect to welcome existing and further insto investors
And importantly expect July trading update highlighting continued growth
Webinar Wednesday (when due to exit trading halt)

Latest below:

It's Splitit Payments' turn to cash in on investor interest in listed payments groups.

Splitit has launched a capital raising, it last went to shareholders for an equity injection in April.

The company and its broker Canaccord Genuity were shoring up investor support for an equity raising on Monday morning.

Fund managers said they expected a raising worth about $50 million, although were still waiting to see firm details.

Splitit shares last traded at $1.36, having started the year at 67¢.

The stock has had a big run in the past six weeks, at the same time as other ASX-listed payments groups including Afterpay, Zip and Sezzle.

The deal comes only days after it released quarterly results for the three months to June 30.

Splitit recorded $US65.4 million merchant sales on its platform in the quarter, which was up 176 per cent compared to the March quarter.

Splitit last went to shareholders for an equity injection in April, when it raised $16 million at 41¢. Monday's deal is expected to be at a much higher price.