iSignthis Limited (ASX:ISX), formerly Otis Energy, has raised $3.1 million through a prospectus offer of 103.3 million shares priced at $0.03 each.
The company is in the process of finalising the ASX re-compliance including issuing the offer shares and completing the iSignthis acquisition and issue of shares to the vendor.
Online identification and payment authentication provider iSignthis has been granted U.S., European, South African and Australian patents that significantly enhance online payment security, internet identity, e-mandates and e-contract validation services.
Patents are pending in several other key jurisdictions, including China, Hong Kong, Canada, Brazil and India.
iSignthis can assist banks, online betting companies, insurance groups, airlines and other AML/KYC regulated entities to authenticate the source of funding used by a person, by verifying online transactions made on financial instruments such as regulated credit or debit cards.
