PledgeMe closes in on profitability in 2017, weighs up new product development

Mon, 07 Aug 2017

By Paul McBeth Aug. 7 (BusinessDesk) - PledgeMe came within cooee of turning a profit in the 2017 financial year, boosting revenue from fees to use its equity crowdfunding and peer-to-peer lending platform while also clamping down on costs, and is considering adding another string to its bow which that could need another capital injection. The Wellington-based company narrowed its annual loss to $11,228 in the 12 months ended March 31 from $398,611 a year earlier as revenue climbed 55 percent to $268,473 and operating costs were slashed...

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