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Compliance, risk management and payment processing specialist Vogogo has raised a $12.5 million Series B round of financing. 

“This latest financing enables us to further accelerate the global roll out of our platform,” says Vogogo CEO Geoff Gordon.

The bought deal offering was co-led by a syndicate of underwriters: Salman Partners, Clarus Securities, and Beacon Securities Limited. 

“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,” says Gordon.

Vogogo’s proprietary technology platform enables cryptocurrency businesses to transact seamlessly with traditional banks and Fiat currencies across Canada, Asia, the United States and Europe.

“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,” says Gordon.

Founded in 2008, Vogogo is a TSX Venture Exchange publicly traded payment services company.