Peppermint Secures AU$1.1 million to Boost AI & CX Ventures

Peppermint Innovation Ltd (ASX: PIL) successfully raised AU$1.102 million through a placement to sophisticated investors. The funds, placed at 1.5 cents per share, will fuel the growth of Peppermint's bizmoLoan offering and advance Artificial Intelligence (AI) and Customer Experience (CX) initiatives.

CPS Capital Group managed the placement, facilitating Peppermint's strategic goals. Peppermint's CEO highlighted the importance of AI in their business strategy, aiming to become a leading AI-powered lender in the Philippines. The recent acquisition of Peppermint Intelligence reinforces their commitment to AI and CX innovation. This development underscores Peppermint's trajectory towards accelerated revenue growth and market leadership in AI-driven financial services.

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