Australian financial technology company ZIP Co Ltd has completed with $42.8 million via a private placement offering.
ZIP sold about 28 million ordinary shares at a price of $1.53 per share.
The investments came from institutional, sophisticated and professional investors.
In addition, the company will grant lender Westpac an option to subscribe for up to an extra 5.8 million shares at $1.53 for a total of $8.9 million, if Westpac does exercise its right.