Equals Group Plc (LON:EQLS) has raised £14.3mln through a placing and an open offer.

The e-banking an international payments firm said at the close of acceptance for the open offer at 11am on 3 September it has received acceptances for 246,173 shares.

READ: Equals Group to speed up corporate products development after funding round

The close of the open offer follows the completion of a share placing on 20 August, when the company placed around 12.7mln new shares.

When it announced the placing and offer on 16 August, Equals said it would use the funds to accelerate plans for corporate products, as well as providing opportunities for bolt-on acquisitions.

In early trading on Wednesday, Equals shares were 1.9% lower at 101p.