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Why the Cirralto (ASX:CRO) share price is zooming 25% higher today
This small cap is zooming higher today…
James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn t looked back since. James is part of the CFA Institute s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns.
2021-07-07 by Proactive Australia
Cirralto Ltd (ASX:CRO) has inked a key referral agreement with a subsidiary of financial services giant Mastercard Inc (NYSE:MA) in a bid to grow its global payments and cashflow solutions business.
Under the five-year partnership, Mastercard s Asia Pacific branch will refer its business customers to Cirralto, which will provide a range of trade finance services.
Mastercard can also introduce potential sales leads and business opportunities to Cirralto and will receive a trade facilitation fee for each successfully onboarded customer.
In return, the ASX-lister will hold onto at least 70% of the gross profit margin from each customer contract.
14:30 Thu 08 Jul 2021
S&P/ASX 200 trades near flatline as NSW reports highest number of new COVID-19 cases in 14 months
Brent crude oil futures fell for a third straight day on Thursday to US$73 a barrel amid anxiety that supply may rise after the collapse of this week’s talks among OPEC+. Top gainers
S&P/ASX 200 (INDEXASX:XJO) gained 0.08% to 7,334.6 points by about 2.30 pm as NSW reported 38 new COVID-19 cases on Thursday, the highest number of daily cases recorded in more than 14 months.
NSW Premier said the latest case numbers are too high and pleaded with people to stop visiting extended family, and to limit compassionate care visits to a single person.