In a recent ASX announcement from Collaborate Corporation Limited (ASX:CL8) (a major investor in BlueChilli startup FundX) has announced that FundX has made significant progress since its soft launch in September.
Enquiries for over $1m in loans have been received and five loans have been advanced, representing more than 20% of the value of the initial enquiries. All loans are performing and zero defaults have been recorded. Website traffic is growing at 50% month on month.
A number of investment enquiries have been received from local and overseas parties at a valuation significantly higher than the previous round in which Collaborate made its initial investment.
Full ASX announcement [pdf]