Vogogo raises $12.5m to fuel global expansion

crypto

Vogogo, a payment processing, risk management and compliance company with a focus on cryptocurrency, has secured $12.5m worth of funding in a Series B round led by Beacon Securities, Clarus Securities and Salmon Partners.

The investment will be used to fund Vogogo’s global expansion as its total funding increased to $21m.

The California-based firm specialises in providing payment services that allow bitcoin firms to establish financial relationships with traditional lenders, particularly in the United States, Canada, Asia and locations across Europe. Vogogo’s CEO Geoff Gordon commented on the investment:

‘‘These are exciting times for Vogogo. This latest financing enables us to further accelerate the global roll out of our platform.’’

‘‘The crypto industry is evolving incredibly quickly and Vogogo has developed sophisticated solutions that solve some of the largest problems crypto businesses are facing when looking to grow in global markets.’’

‘‘The appetite we’re experiencing in the market for what our platform is able to deliver is immense and we’re committed to servicing every one of the opportunities out there,’’ continued Gordon.

Related reading

cars
curve funding
white rectangle with 'investment' written in it
Northzone 300m fund

Leave a comment