Rewardle Holdings Limited Expands Its Portfolio with the Acquisition of Micro-Investing Capabilities

Sep 29, 2023

Rewardle Holdings Limited (ASX: RXH) has taken a significant step forward by securing an agreement to enhance its Rewardle Platform with micro-investing capabilities. Under this agreement, Rewardle will acquire distribution rights for the Upstreet Fund, marking a strategic move to diversify its offerings. This deal involves a one-time payment of AU$30,000 and ongoing operating costs of approximately AU$15,000 per month. However, the acquisition is contingent on a thorough 21-day due diligence period.

During this due diligence period, both parties will evaluate the agreement to ensure it aligns with their respective requirements, including those of the fund manager and responsible entity. This development represents a pivotal moment for Rewardle as it seeks to expand its services and bring innovative investment opportunities to its platform.

 

 

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