Bitcoin services startup Vogogo is closing its payment processing service next month after it failed to gain traction or generate money.
Vogogo has raised $12.5m as part of a bought deal financing round led by prior investors Beacon Securities, Clarus Securities and Salmon Partners.
Vogogo is now offering its fraud mitigation services to bitcoin businesses free of charge for three months.
Vogogo has secured a new partnership that will expedite its launch of bitcoin compliance solutions in the US market.
Payments and compliance startup Vogogo is now trading on the TSX Venture Exchange under the symbol 'VGO'.
Risk management specialist Vogogo has raised $8.5m to expand its bitcoin industry offering to new global markets.