RMB provides bespoke $100m funding package to Powerfleet

Financial services provider Rand Merchant Bank (RMB) acted as the sole mandated lead arranger and funder of a $100-million funding package for global telematics business Powerfleet. The entity was created from a merger between Powerfleet and Mix Telematics. The combined business aims to become a top-tier global provider of Internet of Things and software-as-a-service solutions that optimise the performance of mobile assets.

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