SYDNEY: Identitii Ltd. (ASX:ID8) has sold its remaining stake in Payble Pty Ltd to OIF Ventures for A$1.6 million, securing non-dilutive capital to accelerate the rollout of its BNDRY compliance platform.
The funds will support Identitii’s go-to-market strategy, with immediate focus on its Cherryhub partnership targeting Australia’s clubs and pubs sector. The move follows heightened regulatory scrutiny after AUSTRAC filed legal action against a major club group over alleged anti-money laundering breaches.
Identitii showcased its Cherryhub x BNDRY solution at last month’s Australasian Gaming Expo, drawing strong interest from venues nationwide. The platform offers access to critical industry data, including gaming machine systems, venue membership, and staff observations, via direct integration with Cherryhub.
“We’re seeing significant demand for our Cherryhub partnership solution,” said Identitii CEO John Rayment. “The additional capital allows us to convert industry interest into revenue-generating contracts and extend our runway into 2026.”
The sale marks a strategic pivot for Identitii as it deepens its focus on financial crime compliance technologies tailored to high-risk sectors.