The acquisition of technology financing specialists BidFin aims to accelerate the growth of the commercial lending portfolio by leveraging BidFin's expertise in providing over $100 million in technology-related funding and its strong industry network and reputation.

Forbidden Foods Limited reported a significant improvement in its quarterly financial performance, with a reduction in net operating cash outflows to ($201,000), marking an improvement of $360,000 from the previous quarter and $580,000 from the same period last year, largely due to a strategic manufacturing agreement with Edenvale Foods.

The company also achieved a 28% reduction in net operating cash outflows and expanded its market reach by acquiring three Australian higher education marketplaces, enhancing its student acquisition capabilities.

The company, a digital financial services provider in ANZ and the Americas, offers innovative payment solutions and maintains a strong commitment to responsible lending.

On April 30, 2024, the company disclosed its plan to launch a non-renounceable, pro-rata entitlement offer aimed at raising approximately $0.928 million before costs.

The company also launched Carrington Labs, a B2B offering leveraging its AI technology, and won two awards for ethical lending, highlighting its commitment to ethical, transparent financial services.