Sitoa Global scores USD500,000 for social marketplaces

Expansion into the e-commerce space

B2B e-commerce company Sitoa Global has secured a USD500,000 investment from private equity firm Ingenium Capital. As part of the deal, Ingenium also has an option to invest an additional USD300,000 into the company at a price of USD0.3 per share. California-based Sitoa powers a platform that helps retailers to build online social marketplaces and says it will use the financing to continue its expansion into the e-commerce space.

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