Mogo Invests in NFT Trader, Securing 25% Stake with Option to Increase to 50%
January 11, 2022
Mogo announced a strategic investment in NFT Trader, a Canadian NFT trading platform, via a convertible note that would represent a 25% interest upon conversion. Mogo also has an option to acquire an additional 25% from NFT Trader founders within six months, and NFT Trader is expected to support a potential partnership to bring NFT trading to Mogo’s Canadian members.
- Buyers
- Mogo Inc.
- Targets
- NFT Trader
- Sellers
- NFT Trader founders
- Industry
- Financial Services
- Location
- British Columbia, Canada
- Transaction Type
- Growth capital
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