Identitii sold 48% of its Payble shareholding to OIF Ventures for $1 million, contributing to the extension of Identitii's financial runway through FY25.

Following the transaction, Identitii maintains a 10% shareholding in Payble, while the post-money valuation of Payble rises to $10.5 million.

In addition to the share sale, OIF Ventures invests an additional $2.5 million to acquire new Payble shares.

Funds from this transaction will bolster Identitii's working capital, allowing the team to stay focused on executing its core strategy.

OIF Ventures' $3.5 million investment positions it firmly in Payble, with $2.5 million allocated for new Payble shares and $1 million for existing shares from Identitii.