Mobi724 Global Solutions (CSE:MOS) has announced that it has closed a $1 million financing with BDC Capital.
As quoted in the press release:
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, CEO.
“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 Benoît Mignacco, Managing Director, Growth & Transition Capital for Montreal at BDC Capital. “The experience and vision of CEO 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.”