RentMoola closes financing

RentMoola Payment Solutions Inc. has closed a new round of private placement offering.

RentMoola raised $[mepr-active rule=”374″ ifallowed=”hide”]##Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]241,200 through the issuance of 1,206,000 common shares at $0.20 per share on November 9 and November 29, 2107. TriView Capital Ltd. acted as placement agent. The company aims to raise up to $3 million through the issuance of up to 10,000,000 common shares at $0.20 per share and thereafter up to 3,333,333 common shares at $0.30 per share. Concurrently with the closing of the offering, up to 5,000,000 shares will be repurchased from founders, Patrick Postrehovsky and Philipp Postrehovsky, at a price of $0.01 per share and at a rate of one share repurchased for each of the first 5,000,000 shares sold in the offering. The offering was slated to close by November 30, 2017 and the closing may be extended by the company. RentMoola has raised over $11 million in equity funding since its inception on March 30, 2012. [/mepr-active]

Vancouver based RentMoola is a technology company operating an online payment processing service that allows landlords, property managers and owners in Canada, and through its wholly owned subsidiary RentMoola Payment Solutions LLC, in the United States, to accept online payments over the global payment processing network with credit cards, debit cards, and Automated Clearing House.

RentMoola accepts payments for rent, parking, storage, deposits (pet, first month, last month, etc.), strata and condominium fees and other related payments, through a paperless payment network available on any internet or world wide web enabled device, computer, mobile phone, or tablet.

photo credit: RentMoola Payment Solutions