Successful capital raising accelerates global expansion strategy
Published: August 9, 2016
FastTrack is pleased to announce the completion of a significant capital raise, primarily to accelerate it’s expansion into overseas markets. Corporate advisory firm Henslow was used by FastTrack to facilitate this successful outcome.
Following the capital raising, FastTrack will allocate the additional funding to accelerate its international growth strategy. This will include progressing to the second phase of it’s planned expansion, seeking out further opportunities outside it’s client footprint in APAC, and into the UK market.
According to FastTrack’s Chief Executive Officer David Page, “This is the natural next step for FastTrack and our hugely successful FastTrack360 product, which is being widely adopted by labour hire agencies across Australia and New Zealand.”
“Since FastTrack360 is designed for multi country deployment, our major enterprise clients understand the cost and productivity benefits of a complete Recruit/Time/Pay/Bill solution, and are wanting to standardise and use FastTrack360 across their major markets in the APAC region.”
Mr Page added, “We also see significant opportunity in the UK where current technology being used by labour hire agencies is often old and fragmented and not offering the benefits of a fully integrated solution. We will be using this funding to support the development of country legislative compliance and to underpin a strong sales and marketing push into these exciting markets.”
‘Work has already commenced on finalising FastTrack360 for these markets and we expect to bring on our first customers in these markets in 2017’.