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The cash injection will be used to rapidly expand MyDeal’s customer base and brand footprint across the Australian consumer market. This marks a shift away from the bootstrapped cashflow model the business has previously been operating within.
SPT has become a major Australian competitor for Catapult. It's raised $2.5 million in two separate rounds, backed by Brady Scanlon and Tony Gandel, the sons of Rich Listers John Gandel and Peter Scanlon.
A group of five high net worth Australian investors, which includes the CEOs of Goldman Sachs and Godfreys, have invested $2 million in WHIZZ cleaning app’s Series B financing round.