** Shares of Way 2 Vat slump as much as 22.2% to A$0.021, face worst day since Nov 1 - if current losses hold
** Fintech co says it has received firm commitments to raise A$4.25 mln ($2.77 mln) via two-tranche share placement
** Co also launches a share purchase plan to raise up to A$1 mln
** Issue price of A$0.022 per share represents an 18.5% discount to last closing price
** Funds raised will be used for working capital purposes - co
** Shares hit their lowest level since Feb 20
** Stock had more than doubled in value this year, as of last close
($1 = 1.5316 Australian dollars)
(Reporting by Archishma Iyer)
((Archishma.Iyer@thomsonreuters.com;))
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