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Mogo Announces Close of Previously Announced Increased Investment in Canada’s Leading Crypto Platform, Coinsquare
Mogo Inc., a digital payments and financial technology company, announced that it has closed its previously announced acquisitions (the “Acquisitions”) of an additional 5.4 million common shares (“Coinsquare Shares”) of Coinsquare Ltd. (“Coinsquare”), Canada’s leading digital asset trading platform, increasing its ownership in Coinsquare from 19.9% to approximately 37%, for total aggregate consideration of $48.6 million satisfied through the issuance of an aggregate of 5,080,876 common shares of Mogo (the “Mogo Shares”). This transaction is separate from Mogo’s acquisition of an additional 2% of the outstanding Coinsquare Shares, and an option to acquire an additional 3.4% under similar terms, pursuant to a binding letter of intent dated May 31, 2021 (the “LOI”) and announced on June 1, 2021, and the existing share purchase warrant held by Mogo to acquire an additional 10.6% of the outstanding Coinsquare Shares. Mogo requires Coinsquare board approval to increase its ownership interest in Coinsquare over 49.9%. There is no certainty that the Coinsquare board of directors will grant such approval.
EY Announces Industry Cloud Innovations to Help Organizations Accelerate Business Transformation
EY announced a collaboration with SAP on the innovation of industry cloud solutions, including insurance, banking, life sciences and energy and resources, to help drive clients’ digital transformation. Insurance will be the first available to clients in late June 2021.
AppBrilliance Unveils ‘Push-to-Business’ Digital Payments Model; Solidifies Leadership with Strategic Appointment of Steve Mott to Advisory Board
AppBrilliance, an Austin-based payments technology company, revealed its strategic vision with its new Money API-powered, Push-To-Business (P2B) payments model, which upends the decades-old traditional model and shifts power back to the merchant when it comes to payments fees. In addition, as part of the firm’s increasing momentum in recent months, it appointed Steve Mott as strategic advisor, a highly-regarded payment expert with decades of industry experience as the startup is poised to disrupt the trillion-dollar payments industry.
Kibo and PeakActivity Join Forces to Help Retailers Accelerate Their Omnichannel Commerce Efforts
Kibo, a leading unified commerce platform, and PeakActivity, a digital strategy and implementation company, announced a strategic partnership to help implement best-in-class unified commerce solutions for a wide variety of retailers across both brick-and-mortar and eCommerce channels.
