Market Herald logo


Be the first with the news that moves the market
  • Cirralto and Invigo have entered a strategic partnership to launch an integrated platform for their customers to access
  • Invigo’s and Cirralto’s customers have a similar business profile and are expected to benefit from the shared channel
  • Cirralto will offer modernisation and vertical market technology solutions to Invigo customers and Invigo will upgrade Cirralto’s customer base with its products and services
  • The partnership is expected to add transactional revenue streams

Cirralto and Invigo have entered into a Partnership and Revenue Sharing Agreement to enable its customers to access an integrated platform.

Invigo is a Sydney-based fintech company which offers businesses a unique combination of innovative solutions. These include E-Invoicing and E-Statements, Flexi Finance, customer credit checks, online quotation and facility, and more.

Invigo’s platform is targeted at customers with a similar business profile to Cirralto’s customers and equally Cirralto’s vertical market technology solutions directly apply to Invigo’s customers.

The companies have agreed to a joint approach in sharing channels to allow their customers to access an integrated platform. This shared platform will utilise Cirralto’s vertical market technology solutions, and access to Invigo’s early payment facility or extended payment of invoices financing facility.

“We expect the partnership will help us grow both our customer base and average revenue per customer and we are really excited with the addition of Invigo’s fintech services,” Cirralto Managing Director Adrian Floate said.

The first phase of development work to integrate these platforms is expected to be completed by October 2019. This will result in Cirralto being able to offer modernisation and vertical market technology solutions to Invigo customers and upgrading Cirralto’s customer base with Invigo products and services.

“The Invigo partnership is directly aligned to diversifying our revenue segments and increasing our total share of our customers’ transactional wallet,” Adrian said.

Cirralto believes this partnership will increase revenue streams associated with early payments and debtor financing to its current SaaS revenue.

An official launch date will be announced in due time.

CRO by the numbers
More From The Market Herald
Nuix (NXL) - Outgoing Group CEO Rod Vawdrey

" Nuix (ASX:NXL) appoints new members to its board

Nuix (NXL) has seen a company reshuffle, appointing new members to its board.

" AL3D (ASX:AL3) sells Arcemy 3D printer to University of Queensland

AL3D Limited (AL3) has sold one of its Arcemy WAM printing units to the University of Queensland (UQ) for around $400,000.

" EP&T Global (ASX:EPX) forecasts 85pc ARR growth for FY22

EP&T Global (EPX) expects the company’s annualised recurring revenue (ARR) to grow by 85 per cent in the 2022 financial year.

" Structural Monitoring Systems(ASX:SMN) shakes up board amid $10m capital raise plan

Structural Monitoring Systems (SMN) has announced a board restructure and plans to continue with a $10 million capital raise.