CALGARY, ALBERTA and PALO ALTO, CALIFORNIA — (Marketwired) — 08/26/15 — Vogogo Inc. (“Vogogo”) (TSX VENTURE: VGO), today announces that it has filed its second quarter financial statements for the period ended June 30th, 2015.
These Financial Statements may be obtained on Vogogo’s SEDAR profile at www.sedar.com.
Q2 2015 Highlights
-- Vogogo completes bought deal financing with gross proceeds to Vogogo totalling $12,523,500; -- Vogogo executes integrations with leading bitcoin exchanges Kraken and Bitstamp; and -- Vogogo appoints former US banking regulator executive John Robinson as a Board Director.
Vogogo would also like to announce the following new and transacting clients:
Atlanta-based BitPay enables any merchant to easily accept bitcoins for payment just like with Visa, Mastercard, PayPal or cash. BitPay services over 50,000 global merchants and processed over US$155 million in Bitcoin transactions during 2014.
Founded in 2013, ChangeTip enables users of Bitcoin to send micropayments across various social media websites such as Twitter, YouTube, Reddit, and Facebook, as well as e-mail and text messaging.
Genesis Global Trading is an institutional trading firm offering two-sided liquidity for digital currency, including Bitcoin. Genesis has executed trades for more than 800,000 bitcoins since 2013.
Zinger services the Canadian-Filipino remittance corridor and uses Bitcoin to facilitate near-real time funds transfers.
These clients are all operating in the cryptocurrency industry and are using Vogogo’s risk management and payment processing services. Vogogo generates revenue from these customers by charging them for the processing of transactions, on a cost per transaction basis. Fees earned are in line with Vogogo’s expressed business model.
Payscout is a comprehensive provider of merchant banking services, including credit card processing for both traditional retail and cutting-edge eCommerce storefronts. Partners include major financial institutions as