Mogo to acquire 20 percent stake in Coinsquare for $56.4 million as crypto space heats up
Mogo to acquire 20 percent stake in Coinsquare for $56.4 million as crypto space heats up Vancouver-based FinTech startup Mogo has agreed to purchase a 20 percent equity stake in cryptocurrency startup Coinsquare. Under the terms of agreement, Mogo will make an initial investment of $56.4 million CAD in exchange for 19.99 percent equity in Coinsquare. “We believe strongly in the growing importance of cryptocurrency in the financial wallets of consumers.” The agreement also i...
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Source: betakit.com