Cryptocurrency Processor Vogogo Closes $12.5 Million
Vogogo is a payment processor which is not strictly focused on cryptocurrency, but more on its clients. Its other offerings include know-your-customer and anti-money-laundering services for firms transacting in Bitcoin and in general. The company could represent a real disruption for the industry if it starts to gain traction, moving in on the business of companies like CoinBase and BitGo. Today Vogogo announced that it has closed an oversubscribed 12.5 million dollar funding round which was led by a few traditional financial firms: Salman Partners Inc., Clarus Securities Inc. and Beacon....
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The Canada and United States based start-up catering to the cryptocurrency industry has recently closed a $12.5 million fundraising round. According to Vogogo, the company has closed the latest round of investments from a group of financial firms co-led by Salman Partners Inc., Clarus Securities Inc. and Beacon Securities Limited. Vogogo is one of the leading companies that offer specialized payment and risk management products based on its proprietary technology to cryptocurrency and traditional businesses alike. The company has a strong team comprising of some of the best risk....
Payment Processor Vogogo has announced a partnership with Knox payments that will allow US clients in the digital currency industry to accept payments from US bank accounts and have access to better commercial banking. The agreement between Vogogo and Knox Payments will combine Vogogo's Calgary-based regulatory and risk compliance specialist to Knox Payment's USD and domestic banking networks. This new partnership will give Vogogo the ability to significantly expand the services they offer within the US while creating a nurturing banking environment for digital currency companies. Also....
Bitcoin services startup Vogogo is closing its cryptocurrency-focused payment processing service next month after it failed to gain traction, a move that comes amid the exits of several executives and reports that at least some bitcoin services will be affected in the near-term. Announced on 5th July, the move will see Vogogo shutting down its payments service after it completed selling its risk management business. Those two business lines were major elements of Vogogo, which raised $8.5m in venture funding in August 2014 before going public last year. The closure is notable given the....
Online payments service provider Vogogo has raised $12.5m as part of a bought deal financing round led by prior investors Beacon Securities, Clarus Securities and Salmon Partners. The funding brings the public company's total fundraising to $21m since the start of 2014. Vogogo raised $8.5m in venture funding in August of last year, prior to its debut on the Toronto Stock Exchange in September. As part of the bought financing, Beacon, Clarus and Salmon acted as the official sellers of Vogogo shares on the open market in exchange for a fee on the total proceeds. Vogogo CEO Geoff Gordon....
Fraud mitigation and payment processing company Vogogo has recently announced the creation of a strategic partnership with E-comprocessing (ECP) - a subsidiary of UK-based payment processing company eMerchantPay Ltd. The deal ultimately enables Vogogo to offer its multitude of services in the European market, starting with the UK. According to the company's latest press release, they are now expecting to fully extend their payment processing and risk management services throughout the European market. On the other hand, European businesses now have a safe and secure option to conduct....