Vogogo Impresses With Q2 Release

On August 26, 2015, we got word of Vogogo Inc’s (VGO.V) second-quarter financials. As part of the report, and in addition to its financials, the company announced a number of operational highlights. Here’s a snapshot of what we learnt.

First, for those not familiar with Vogogo, let’s have a quick look at what the company does. Vogogo primarily offers payment processing services and risk management tools in the digital payment space. The company aims to be the dominant payment services provider in the crypto currency space going forward. Clients include BitPay, ChangeTip and Genesis Global Trading, among a large number of other well-known bitcoin industry brands. Vogogo was founded in 2008 and trades publicly on the TSX Venture Exchange in Canada. To gain more insight into its operations, check out the Vogogo media kit here.

So, now to the highlights. During the second quarter of 2015 (the period ended June 30) Vogogo noted the following:

  • 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.

In addition, the company reported that it had engaged Northwest Passage Ventures Inc., and more specifically, its principal Alex Tapscott “to provide capital markets and investor relations services to the Company.”

In a quote accompanying the statement, Vogogo CEO Geoff Gordon said:

“We are huge believers in block-chain technologies and we aim to play a significant role in anchoring that industry for a long time to come.”

You can see the company’s historic and present financial statements at the Alberta Securities Commission repository SEDAR here. Additionally, Vogogo is set to hold an investor conference call on Thursday, August 27 at 12pm ET. You can take part in the call by calling 1 (855) 392-2520 and using participant code 4816820.

From all here at NewsBTC, congratulations on the positive update Vogogo and keep up the good work!

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