• Landmark partnership with Filipino Payment Sector Companies
• $2.1m strategic investment at $0.035 per share
• First tranche of $1,072,000 already received
• Shares voluntarily escrowed for 12 months

Peppermint Innovation Ltd (ASX: PIL) has entered into a binding agreement to raise A$2.1 million from the nominees of Optimal Payments Place Inc. and Tsunami Finacial Solutions Inc, two leading Philippine payment sector companies. This strategic partnership will enhance Peppermint's payments ecosystem and accelerate its execution in its largest addressable market, the Philippines. Peppermint owns and operates a fully licensed digital wallet and payments platform regulated by the Bangko Sentral ng Pilipinas, with connectivity to the national payment rails through InstaPay and QRPh. The investment validates the value of Peppermint's regulated platform and operating footprint, and the nominees have voluntarily agreed to escrow their shares for 12 months, demonstrating a long-term commitment to scaling Peppermint's electronic payment rails. The capital raised will provide Peppermint with the financial flexibility to accelerate its core Philippine digital payments strategy, including driving transaction growth through expanded corporate partnerships, scaling merchant acquisition and QR payment deployment, enhancing transaction capability and throughput, and increasing active user engagement and recurring transaction frequency.

The capital raised will be used to advance Peppermint's fully licensed, scalable bizmoto digital wallet platform, enabling it to accelerate its activity in the Philippines' rapid growing digital payments sector.

Peppermint is now positioned to accelerate revenue growth while leveraging its regulated infrastructure and existing platform investment, through expanded corporate partnerships, scaled merchant acquisition, and increased active user engagement and recurring transaction frequency.