Identitii Limited has locked in a $0.6 million R&D loan facility to bolster its growth amid rising BNDRY platform sales, supported by an expected $0.8 million R&D rebate and a $2.9 million Rights Issue.
- New $0.6m R&D loan facility with Kashcade to support operations
- Expected $0.8m FY25 R&D rebate to repay loan this quarter
- Rights Issue aiming to raise up to $2.9m, with $2.3m underwritten
- Recent commercial contracts signed with Australian clubs, pubs, and a payments provider
- Anticipated sharp increase in commercial contracts and revenue in 2026
Funding Boost Amid Growing Sales
Identitii Limited (ASX, ID8) has announced a new $0.6 million research and development (R&D) loan facility with Kashcade RD1 Pty Ltd, designed to support the company’s expanding operations as sales of its BNDRY platform gain momentum. This facility comes at a pivotal time, with Identitii securing multiple commercial contracts and preparing for a significant capital raise.
CEO John Rayment highlighted the strategic nature of the funding, noting the ease and speed of the loan process with Kashcade. The loan is structured to be repaid using an anticipated $0.8 million R&D rebate from the Australian Taxation Office expected this quarter, alongside proceeds from an ongoing Rights Issue.
Capital Raising and Commercial Momentum
The company is currently conducting a Rights Issue to raise up to $2.9 million, with $2.3 million already underwritten by investor Cameron Beavis. Identitii has also received interest from potential participants for any shortfall placement, which could add up to $0.6 million if necessary. The deadline for placing any shortfall is mid-April 2026.
Identitii’s recent quarterly report detailed rapid progress in engaging the Australian clubs and pubs market, including nine proof of concept agreements and interest from over 100 venues. Since then, the company has secured three new commercial contracts within this sector and one with an Australian payments and financial services infrastructure provider. This growing client base is expected to drive a sharp increase in usage-based revenue throughout 2026.
Strategic Positioning in Financial Technology
Identitii’s BNDRY platform aims to enhance financial data security and usability, addressing the complexities of modern financial ecosystems. By enabling better data use, the company positions itself as a key player in fighting financial crime and building trust within financial services.
The combination of new funding, commercial contract wins, and anticipated rebates provides Identitii with a strengthened runway to capitalise on market opportunities. However, the final amount raised from the Rights Issue and any shortfall placement remains to be confirmed, which will be critical to watch in upcoming updates.
Bottom Line?
With fresh funding and growing contracts, Identitii is poised for a pivotal growth phase in 2026.
Questions in the middle?
- Will Identitii fully raise the $2.9 million from the Rights Issue and potential shortfall placement?
- How quickly will the new commercial contracts translate into significant revenue growth?
- What impact will the BNDRY platform’s adoption have on Identitii’s competitive position in financial technology?