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  • Mobi724 has signed an agreement to acquire all of the shares of Avenida Compras S.A.
  • Marcel Vienneau, CEO of Mobi724 sat down with Shoran Devi to discuss the deal
  • Avenida+ has relationships with a number of banks with a current card base of approximately 24 million
  • Mobi724 Global Solutions is a fintech company that enables banks and merchants to offer their customers real-time payment card-linked incentives
  • Mobi724 Global Solutions Inc. (MOS) opened trading at C$0.02 per share

Mobi724 (MOS) has agreed to acquire all of the shares of Avenida Compras S.A. (Avenida+), a white-label marketplace and ecommerce business in Latin America.

Marcel Vienneau, CEO of Mobi724 sat down with Shoran Devi to discuss the deal.

“We are truly pleased to make this transformational acquisition that further positions Mobi724 as a leading aggregator of real-time offers and rewards both online and offline in the Latin America region. 

[…] Avenida+’s management team has achieved strong success at growing its business, and as part of Mobi724, we look forward to working together to generate even further growth.”

The transaction is expected to close on or about May 15, 2022.

Avenida+ has relationships with a number of banks and a current card base of approximately 24 million payment cards.

Mobi724 Global Solutions is a fintech company that enables banks and merchants to offer their customers real-time payment card-linked incentives, in a white-label format.

Mobi724 Global Solutions Inc. (MOS) opened trading at C$0.02 per share.

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