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 includes the ability for Mogo to acquire an additional 20 percent ownership interest in Coinsquare. T...
Source: betakit.com