Source - SMW
eServGlobal said shareholders of HomeSend, its joint venture with Mastercard and BICS, have approved a proposal to carry out a €10m capital raise.   It said proceeds were expected to be used by HomeSend for working capital and to accelerate the building of additional functionality to meet HomeSend's medium and long-term aims.  

eServGlobal said its board believed that the proceeds would allow HomeSend to better focus on the far larger than expected growth opportunities in the cross-border banking market.

At 8:03am: (LON:ESG) eServGlobal Ltd share price was -0.13p at 11p