Wameja rises as it repays HomeSend loan facility
By Josh White
Date: Wednesday 12 Aug 2020
(Sharecast News) - Wameja said on Wednesday that the loan facility it had received from HomeSend in May 2019, as part of its joint venture with HomeSend and MasterCard, had now been fully repaid in full at €2.5m (£2.26m).
The AIM-traded firm said that as a result, the facility agreement had now expired.
It said that, to support HomeSend's increasing requirements to fund the pre-payment timing gaps in its real time settlement model, and to provide the funds to repay the facility agreement, MasterCard has increased the loan facility it provides to HomeSend by €10m.
"There have been no other changes to the terms and conditions of the MasterCard facility," the board said in its statement.
At 1430 BST, shares in Wameja were up 10.26% at 5.51p.
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