iExtend has secured its first round of debt funding to support future growth, following its engagement with ASIC last year to be granted a new retail AFSL.
The company has obtained a corporate authorised representative (CAR) arrangement for the interim which enables it to continue engaging with the industry while waiting for its AFSL.
The debt facility was from an Australian-based investment fund, following successful equity raisings from private and family office investors in the first two years of iExtend’s operation.