RentMoola closes 1st tranche of proposed $1M private financing

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By Ted Liu

RentMoola Payment Solutions Inc. has raised $417,000 from 7 Alberta, 12 BC, 2 Ontario and 1 Saskatchewan investors. RentMoola intends to raise up to $1 million under its current offering memorandum.

TriView Capital Ltd. was paid $41,700 in cash and 208,500 warrants to purchase common shares at $0.20, expiring on June 30, 2018.

On July 31, 2017, RentMoola publicly announced the engagement of TriView Capital to raise “up to $5 million”, the same day it filed its $1 million offering memorandum.

RentMoola’s three external members of its five-member board includes David Jenkins, President & CEO of Conservice, Craig Burrows co-founder & CEO of TriView Capital, and David Borecky, Controller of Stripe Inc.

RentMoola Payment Solutions has raised $10,171,256 since its inception in March 2012.

Vancouver based RentMoola is an early stage technology company operating an online payment processing service that allows landlords, property managers and owners (Clients) in Canada, the U.S. and UK to accept online payments over the global payment processing network4 with credit cards, debit cards and ACH.