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RentMoola Closes $3 Million Private Placement Financing
Friday, December 29, 2017Company Profile | Follow Company
Vancouver, BC, December 29, 2017--(T-Net)--RentMoola Payment Solutions Inc. has reportedly closed a new private placement financing.
According to publicly available source documents available online, the private placement was expected to be for 13,3 million shares at a price of CAD $0.20 per Share for the first 10,000,000 Shares ($2,000,000.00) CAD $0.30 per Share for the last 3,333,333 Shares ($1,000,000.00) for gross proceeds of approximately $3 million.
Up to $450,000 will be paid as selling commissions and Offering Expenses, resulting in expected net proceeds of up to $2,550,000.
RentMoola is a Vancouver-based technology company operating an online global payment network that allows tenants and owners to pay rent and other payments by credit card, debit card, RM eCheck™ or RM Cash™ while earning rewards.
RentMoola accepts payments for rent, parking, storage, deposits (pet, first month, last month, etc.), strata and condominium fees and other related payments, through a paperless payment network available on any internet or world wide web enabled device, computer, mobile phone, or tablet.
RentMoola offers a digital alternative to the traditional method of paying for rent using cheques or cash.
Tenants are incentivized to pay with RentMoola as they can use their credit cards, which accumulate rewards points, or even debit card or ACH. RentMoola also offers their own MoolaPerks program that provides additional rewards and perk offerings to users. RentMoola combines the convenience of global payment processing with rewards and perks to make paying and collecting rent rewarding.
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Editor's Note: Readers should be aware that the final amount of the above-noted private placement finnancing has not yet been confirmed by company officials, and a press release has not yet been issued publicly, so additional caution should be exercised by readers, and the information in this news announcement should not be relied upon unless independantly confirmed.
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About RentMoola
RentMoola, one of North America's leading fintech companies, is changing the landscape of paying rent all over the world. Solving the age-old problem that paying and collecting rent is a major hassle, RentMoola is an online global payment network that allows tenants and owners to pay rent and other payments by credit card, debit card, RM eCheck™ or RM Cash™ while earning rewards. Members have access to our MoolaPerk™ program that provides exclusive deals to travel, lifestyle, home services and other rewards redeemable across North America, UK and Europe.
Contact
RentMoola
Philipp Postrehovsky
Co-Founder & COO
philipp@rentmoola.com
(604) 657-2775
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