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Peppermint Innovation Secures $3M Funding, Navigates Cybersecurity Setbacks
3:55pm on Friday 31st of January, 2025 AEDT
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Financial Services
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Peppermint Innovation Secures $3M Funding, Navigates Cybersecurity Setbacks
3:55pm on Friday 31st of January, 2025 AEDT
Key Points
Secured AUD$3 million convertible note from Obsidian Global GP LLC
Divested PINT subsidiary to recoup acquisition and operational costs
Cybersecurity measures led to 23% revenue decline but protected customer funds
Innovation Advisory Board formed with Microsoft’s Shashank Pawar appointed
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