Compliance, risk management and payment processing specialist, Vogogo Inc. (TSX VENTURE:VGO) today announced the closing of its oversubscribed $12.5M B Round financing.
The bought deal offering was co-led by a syndicate of underwriters; Salman Partners Inc., Clarus Securities Inc. and Beacon Securities Limited.
Vogogo’s proprietary technology platform provides comprehensive risk management, security, compliance and payment services, enabling cryptocurrency businesses to transact seamlessly with traditional banks and Fiat currencies across Canada, Asia, the United States and Europe.
Vogogo CEO Geoff Gordon said of the announcement, “These are exciting times for Vogogo. This latest financing enables us to further accelerate the global roll out of our platform. The crypto industry is evolving incredibly quickly and Vogogo has developed sophisticated solutions that solve some of the largest problems crypto businesses are facing when looking to grow in global markets. The appetite we’re experiencing in the market for what our platform is able to deliver is immense and we’re committed to servicing every one of the opportunities out there.”