PushPay mobile app venture raises $5.1mln, plans for small cap listing

Wed, 02 Apr 2014

By Pattrick Smellie April 3 (BusinessDesk) – Mobile payments app developer PushPay is heading for a compliance listing on the New Zealand small cap board, following two rounds of capital-raising since December, which have brought on Auckland private investors the Huljich family and Aaron Bhatnagar as shareholders. The Huljich vehicle, Christopher & Banks Private Equity, now holds approximately 22 percent of the company, while Bhatnagar holds nearly 4 percent in PushPay, a free, downloadable mobile phone application, which its backers say is...

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