{"id":7704,"date":"2021-02-18T10:05:28","date_gmt":"2021-02-18T10:05:28","guid":{"rendered":"https:\/\/fintech.global\/globalpaytechsummit\/?p=7704"},"modified":"2021-02-18T10:05:28","modified_gmt":"2021-02-18T10:05:28","slug":"coinsquare-receives-investment-worth-about-56-4m","status":"publish","type":"post","link":"https:\/\/fintech.global\/globalpaytechsummit\/coinsquare-receives-investment-worth-about-56-4m\/","title":{"rendered":"Coinsquare receives investment worth about $56.4m"},"content":{"rendered":"<p><strong>Digital payments and financial technology company Mogo has invested\u00a0 in Canadian cryptocurrency trading platform Coinsquare.\u00a0<\/strong><\/p>\n<p>The deal will see Mogo to acquire 19.99% ownership of Coinsquare\u2019s outstanding common shares on a post-transaction basis for total consideration of approximately $56.4m.<\/p>\n<p>The agreement also includes rights for Mogo to acquire an additional 20% ownership interest in Coinsquare through purchases of shares from current shareholders and the exercise of warrants under certain conditions for consideration based on a pre-money valuation of Coinsquare ranging from $250-350m.<\/p>\n<p>\u201cWe believe strongly in the growing importance of cryptocurrency in the financial wallets of consumers, and deepening our relationship with Coinsquare will enable us to bring enhanced functionality and value into the MogoCrypto product,\u201d said David Feller, CEO of Mogo.<\/p>\n<p>\u201cWe\u2019ve had a relationship with Coinsquare for nearly three years and built strong familiarity with their team and platform, which we view as the most robust trading platform in Canada for digital assets.\u201d<\/p>\n<p>Jason Theofilos, board member of Coinsquare, added, \u201cWe\u2019re excited to deepen our relationship with Canada\u2019s leading fintech company. By leveraging Mogo\u2019s digital wallet capabilities and base of more than one million members, combined with our deep crypto trading capabilities, we see significant opportunities to accelerate the growth of both businesses.\u201d<\/p>\n<p>Copyright \u00a9 2021 FinTech Global<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital payments and financial technology company Mogo has invested\u00a0 in Canadian cryptocurrency trading platform Coinsquare.\u00a0 The deal will see Mogo to acquire 19.99% ownership of Coinsquare\u2019s outstanding common shares on a post-transaction basis for total consideration of approximately $56.4m. The agreement also includes rights for Mogo to acquire an additional 20% ownership interest in Coinsquare&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/globalpaytechsummit\/coinsquare-receives-investment-worth-about-56-4m\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":8,"featured_media":7705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts\/7704"}],"collection":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/comments?post=7704"}],"version-history":[{"count":0,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts\/7704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/media\/7705"}],"wp:attachment":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/media?parent=7704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/categories?post=7704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/tags?post=7704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}