Street Talk
Property payment fintech Coposit taps Ad Astra for a $10m fundraise
Coposit has hit the fundraising circuit, with the property payments platform engaging Ad Astra Corporate Advisory to open itself to investor scrutiny for the first time and raise $10 million to fund growth.
Coposit has been going since 2021, bootstrapped by property developer brothers Chris and Dan Ferris. The platform allows buyers to pick up an off-the-plan property for $10,000, saving for the remainder of the deposit during the construction and paying the balance in weekly instalments.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
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