Mobi724 Global Solutions, a Canadian company offering fully integrated EMV payment, card link couponing and digital solutions, has closed a $1 million financing deal with BDC Capital. The funds are earmarked for sales and marketing.
“We are excited about starting a commercial relationship with BDC Capital and deeply appreciate the confidence they have shown in our business plan,” CEO Marcel Vienneau said. “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.”
“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,” said Benoit 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.”