VMob Group Secures $2.0M Investment from VIX Investments

VMob Group Secures $2.0M Investment from VIX Investments 2:59pm, 10 Jun 2016 | GENERAL VMob is pleased to announce that VIX Investments Limited has invested $2.0M as part of VMob's recently completed private placement of shares at $0.37 per share.

VIX Investments Limited is an investment company with a focus on investing in technology companies that facilitate payments - (“paytech") in areas typically considered "non-core" by traditional financial institutions.  VIX is an active, long-term investor, supporting both the growth of individual investments and realising synergies between investee businesses.  VIX currently has investments in the transit, fintech, mobile, telco, POS, authentication and virtual card sectors.

Rhoda Phillippo, Executive Chair of VIX Investments Limited, said the unique nature of the VMob offering, go-to-market strategy and strong Microsoft partner relationship made this an attractive investment.

Commenting on the investment, Scott Bradley, VMob’s Founder and CEO, said that he was delighted to welcome VIX as a shareholder and looked forward to working with VIX as an experienced investor that is very familiar with the sector the Company operated in.  “VIX understands what it takes to scale out a technology business globally and the investment is a vote of confidence in VMob’s market proposition, execution plan and team”, said Bradley.

Ends.

For further information, contact:

Scott Bradley, CEO +1 (347) 744 3142 scott.bradley@vmob.com