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FirstWave Secures $2.5M Loan to Power AI-Driven Growth and Debt Repayment
6:01pm on Tuesday 30th of September, 2025 AEST
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Technology
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FirstWave Secures $2.5M Loan to Power AI-Driven Growth and Debt Repayment
6:01pm on Tuesday 30th of September, 2025 AEST
Key Points
Secured $2.5M loan facility from Partners for Growth VII, L.P.
Loan complements recent $2.85M equity raise
Funds to support NMIS Cloud rollout with Telmex and AI-driven Open-AudIT monetisation
Facility used to repay maturing $2.5M Fenja Capital convertible note
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