VMob is pleased to announce that VIX Investments Limited has invested $2.0M
as part of VMob''s recently completed private placement of shares at $0.37 per
share.
VIX Investments Limited is an investment company with a focus on investing in
technology companies that facilitate payments - ("paytech") in areas
typically considered "non-core" by traditional financial institutions. VIX
is an active, long-term investor, supporting both the growth of individual
investments and realising synergies between investee businesses. VIX
currently has investments in the transit, fintech, mobile, telco, POS,
authentication and virtual card sectors.
Rhoda Phillippo, Executive Chair of VIX Investments Limited, said the unique
nature of the VMob offering, go-to-market strategy and strong Microsoft
partner relationship made this an attractive investment.
Commenting on the investment, Scott Bradley, VMob''s Founder and CEO, said
that he was delighted to welcome VIX as a shareholder and looked forward to
working with VIX as an experienced investor that is very familiar with the
sector the Company operated in. "VIX understands what it takes to scale out
a technology business globally and the investment is a vote of confidence in
VMob''s market proposition, execution plan and team", said Bradley.
Ends.
For further information, contact:
Scott Bradley, CEO
+1 (347) 744 3142
scott.bradley@vmob.com
End CA:00283855 For:VML Type:GENERAL Time:2016-06-10 14:59:09