Blackpearl Group has secured a $5 million revolving loan facility with the Bank of New Zealand, aiming for further growth.
The two-year loan facility will be used for expansion, and Blackpearl is required to maintain a minimum annual recurring revenue growth rate of 20%.
The data technology company, which specialises in AI-driven sales and marketing solutions for small and medium-sized businesses in the US, said the facility would allow it to have control over the timing and terms of future growth funding.
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