Investment in FOMO Money

Primorus invested A$400,000 (approximately £240,000) in FOMO Money Pty Ltd (“FOMO Money”) on a pre-new money valuation of circa A$6m.  FOMO Money is a new entrant into the Australian Fintech sector based in Melbourne which has been in development for the past 18 months. FOMO Money is an online lending business which will offer personal loans and, in time, brokered home loans that will target the millennial market. As a new corporate entity, FOMO Money does not have any historic financial information.