Difference Capital Financial (TSX VENTURE:DCF) ("DCF"), a leading specialty financial services company, is pleased to announce its investment in Carta Solutions Holding Corporation ("Carta"), which specializes in the mobile payments sector.
DCF has invested $2 million in Carta in the form of common shares and warrants, resulting in an approximate 5.0% diluted stake in the company. This investment provides DCF with exposure to the fast-growing mobile payments sector.
Carta is an international leader in transaction processing and payments technology, specializing in prepaid, mobile and emerging payments. Carta's unique platform, designed specifically to meet the complexities of the evolving payments environment, bridges the gap between existing payments infrastructure and the next generation of mobile and digital payments.
"We are very excited about the future of mobile payment technologies," said Tom Liston, Managing Partner at Difference Capital. "We continue to see measurable growth in the mobile payments sector, as banks, telecom providers and retailers look to capitalize on these new payment technologies. Our investment in Carta underlies our belief in their leading proxy payments technology, which we believe will enable unique new mobile wallet applications."
"We are fortunate to have access to the wealth of knowledge and expertise that the Difference team brings to the table," said Brian Semkiw, Chief Executive Officer of Carta. "Our technology is being leveraged by industry leaders in banking, mobile and retail to deliver the world's most advanced payment products to market. We look forward to our partnership with Difference to support the growth our business and continue to drive innovation in commerce."