Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Thursday, July 3
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » TechX Acquires Crypto Payment Gateway Startup Mobilum For C$16M
News

TechX Acquires Crypto Payment Gateway Startup Mobilum For C$16M

AB News DeskBy AB News DeskJuly 16, 2021Updated:July 16, 2021No Comments2 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
TechX Acquires Crypto Payment Gateway Startup Mobilum For C$16M - AlexaBlockchain
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

Canada, July 16, 2021 /AlexaBlockchain/ – TechX Technologies Inc. has completed the acquisition of crypto payment gateway startup Mobilum for C$16 million.

TechX – Mobilum Deal

TechX has acquired a 100% ownership in Mobilum in consideration of 26,666,667 common shares in the capital of the Company (the “Shares”) at a deemed value of $0.60 per Share for a total aggregate consideration of C$16,000,000. The Shares are subject to a hold period of four months and one day from issuance.

Rebranding

TechX has rebranded the company from “TechX Technologies Inc.” to “Mobilum Technologies Inc.” and the ticker symbol in which it trades on the Canadian Securities Exchange (“CSE”) to “MBLM”.

The Company will issue a further news release announcing the effective date in which the Company will commence trading under the new name, symbol and CUSIP number. The name change remains subject to CSE approval.

Mobilum, a financial technology start-up that provides the fiat infrastructure to the cryptocurrency industry, is a licensed plug-and-play fiat-to-crypto gateway and payment processing technology solution for exchanges, wallets, brokers, liquidity providers, and cryptocurrency businesses.

Mobilum’s simple-to-use on-ramp and off-ramp solution makes integration easy for businesses whose users buy and sell cryptocurrencies with credit and debit cards. Mobilum guarantees zero chargebacks, the highest acceptance rates, and the lowest transaction fees in the industry (at 2.99%).

TechX CEO Peter Green, said:

“We couldn’t be happier about acquiring Mobilum’s on-ramp, off-ramp and digital wallet technology. With the infusion of funds from our last financing round, we expect to quickly grow from the $150,000 in daily processing volumes we are currently doing by expanding the on-ramp offering to other cryptocurrency exchanges and businesses.

“We’re also excited to be launching the gift and payment card off-ramp and digital wallet solution towards the end of Q3. It’s becoming clear that decentralized finance is gaining global acceptance and we are excited to be part of this multi-billion dollar game-changing industry.”

The Mobilum digital wallet offers customers with competitive prices on over 237 cryptocurrencies and allows users to earn high interest rewards and yields with DeFi.

Price Action: TechX Technologies Inc (CSE: TECX) share gained around 7% on the announcement, as per Canadian Securities Exchange (CSE).

Canada Crypto Payment Mobilum TechX Technologies Inc.
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
AB News Desk
  • Website

AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

More AlexaBlockchain

Anchorage Digital Adds Full Support for JitoSOL

July 1, 2025

Shardeum Launches India’s First PayFi Mini Hackathon in Partnership with WeCraft Studio

June 30, 2025

Billions Network Launches Its Digital ID App

June 26, 2025

Bitget Leads Altcoin Liquidity Among Major Crypto Exchanges, According to CoinGecko Report

June 26, 2025

Shardeum Collaborates with MEXC to Launch “SHM Party” Trading Campaign with 300,000 SHM Prize Pool

June 26, 2025

Bitget Launches On-Ground Blockchain Awareness Drive in Hyderabad, Ahmedabad and Mumbai

June 25, 2025
Add A Comment

Comments are closed.

Don't Miss

Moku Appoints Web3 Veteran Kathleen Osgood as Chief Business Officer

VeChain Launches StarGate Staking Program

Anchorage Digital Adds Full Support for JitoSOL

Maple Finance Adds weETH as Collateral

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.