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Enter Symbol
or Name
USA
CA



Mobi724 Global Solutions Inc
Symbol MOS
Shares Issued 185,401,349
Close 2017-09-19 C$ 0.23
Market Cap C$ 42,642,310
Recent Sedar Documents

Mobi724 closes $1-million financing

2017-09-19 13:25 ET - News Release

Mr. Marcel Vienneau reports

MOBI724 GLOBAL SOLUTIONS INC. (CSE:MOS) CLOSES A $1 MILLION FINANCING WITH BDC CAPITAL INC.

Mobi724 Global Solutions Inc., has closed a $1-million financing with BDC Capital Inc. The company will use the funds to accelerate its growth plans including the addition of sales and marketing resources.

"We are excited about starting a commercial relationship with BDC Capital and deeply appreciate the confidence they have shown in our business plan. To be able to count on the investment arm of the Business Development Bank of Canada as a financial partner is a big advantage to our global expansion," says Marcel Vienneau, chief executive officer of Mobi724.

"With this financing, BDC Capital is supporting the continued growth of an innovative Canadian technology company that has developed a highly scalable product and is already making most of its sales in international markets," explains Benoit Mignacco, managing director, growth and transition capital, for Montreal, at BDC Capital. "The experience and vision of chief executive officer Marcel Vienneau, the growing demand for fintech solutions, the agreement with Visa signed earlier this year, and the company's solid growth strategy overall all bode well for the future."

About Mobi724 Global Solutions Inc.

Mobi724, a leader in the fintech industry based in Montreal, Canada, offers a unique and fully integrated suite of payment and digital marketing solutions with a combined EMV payment, card linked offers, and digital marketing platform that works on any card and any mobile device. Mobi724's solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. Mobi724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering.

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