We would like to share an update on the status of ClickCash repayments in light of recent developments.
Update on ClickCash Funding Timeline
ClickCash is actively pursuing funding to strengthen its operations and resume direct repayments. Based on our latest discussions with their team, they anticipate closing their funding efforts by February 2025. This represents a critical step in their journey toward revitalisation and ensuring a robust financial foundation.
Temporary Payment Pause Extended
As previously communicated, we paused bridging ClickCash repayments from August through November 2024. To align with the current situation, we have decided to extend this pause through December 2024 and January 2025.
Planned Resumption in February 2025
Starting February 2025, we aim to revive repayment activity, contingent upon our ability and ClickCash’s funding status. Whether through direct payments from ClickCash or bridging payments by Income, our priority remains ensuring a smooth and sustainable process for investors.
Alignment with Previous Communication
This approach is consistent with our prior communications regarding prioritising ClickCash’s efforts to secure funding and resume direct payments. We remain committed to monitoring developments closely and providing timely updates on any changes.
Thank You for Your Patience
We understand these adjustments may raise concerns, but we believe this strategy will contribute to long-term stability and success for all parties involved. Your trust and patience during this period mean a great deal to us.
If you have any questions or require further clarification, please feel free to reach out to our team. We are here to support you.
Thank you for being an integral part of the Income community. Together, we are working toward sustainable solutions and greater opportunities for all.
