Australia's Cirralto rises on BNPL facility deal for fresh food distributor

Spenda

01/11/2021 02:45

** Shares of Cirralto Ltd  CRO.AX  rise as much as 9.1% to
A$0.059, set for their best session since Oct. 7
    ** Payment solutions firm signs a buy-now-pay-later (BNPL)
funding agreement with Tyler James Pty Ltd, an exporter of fresh
food into Chinese retail sector  urn:newsml:reuters.com:*:nASX3FCCBJ
    ** Co says as part of agreement, James Tyler will access
BNPL funding with an initial limit of A$2 mln ($1.50 mln)
    ** Says agreement has been entered through referral
agreements with Mastercard's  MA.N  unit and Fresh Supply Co Pty
Ltd
    ** Stock hits highest level since Oct. 26
    ** ~10 mln shares have changed hands vs 30-day average of
~9.8 mln shares 
    ** Stock up 44.7% so far this year, as of last close 
    



($1 = 1.3317 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))