Rewardle Holdings (ASX:RXH) confirmed that it continues to provide growth services to CloudHolter after the cardiac medical technology company raised about AU$4.8 million, implying a AU$49.9 million valuation for the company's 49.9% stake, up from its original AU$24.9 million investment, according to a Wednesday filing with the Australian bourse.
The company also said it was confident of CloudHolter's ability to pay its growth services fees.