Apartmentlove To Acquire Canadian Fintech Pioneer Processing Over $750 Million In Annual Transaction Volume
Apartmentlove To Acquire Canadian Fintech Pioneer Processing Over $750 Million In Annual Transaction Volume
06/26/23, 1:08 PM
Location
san franciscoIndustry
financial services
other
software
food and beverage
consumer goods
ApartmentLove Inc. (CSE: APLV) (OTCQB: APMLF) (“ApartmentLove” or the “Company”), a leading provider of online home, apartment, and vacation rental marketing services to property managers, owners, renters, and vacationers from around the world is pleased to announce the signing of a non-binding Letter of Intent (the “LOI”) to acquire a pioneer in the Canadian Financial Technology (“FinTec”) sector (the “Proposed Transaction”).
Company Info
Company info
The Company also now intends to complete a brokered private placement of its common shares in connection with the Acquisition and the Loan Facility, the details of which will soon be announced. Promoting rental properties in every major rental market in Canada and the United States, ApartmentLove has active rental listings in 30-countries on 5-continents around the world. Further to the press release issued October 28, 2021, announcing the signing of a non-binding letter of intent to acquire certain assets of Traffic2Revenue LLC dba iLS Network (the “Acquisition”), and the press release issued January 11, 2022, announcing a term debt facility of up to $10,000,000 (the "Loan Facility"); ApartmentLove is pleased to announce the closing of the second and final tranche of a non-brokered private placement of convertible debentures of the Company (the "Convertible Debentures") for aggregate gross proceeds of $753,000.