Anoto Group Bags $400,000 Financing to Expand Inq Smartpen Brand

04:16 AM EDT, 08/21/2025 (MT Newswires) -- Anoto Group (ANOT.ST) secured a $400,000 bridge loan from Achilles Capital in the form of a promissory note bearing 8% interest per annum. The Swedish digital writing and drawing services company intends to use the proceeds to expand the growth of its new inq smartpen brand, according to a Thursday release. The note will be converted into a convertible loan upon the company securing at least $600,000 in new convertible financing by Sept. 14, for which talks with potential investors are underway. Upon failure to secure the new financing, principal and interest on the note would become immediately due and payable.