BLUE BELL, Pa., May 17, 2024 (GLOBE NEWSWIRE) — Rego Payment Architectures, Inc. (OTCQB: RPMT), today announced that it has raised an additional $3.5 million through the private placement of 38,889 shares of the company’s Series B Preferred Stock, which completes its $25 million Series B Preferred Stock offering.
Peter S. Pelullo, Chief Executive Officer at REGO, said, “The completion of our Series B Preferred Stock offering brings the total capital raised by REGO north of $100 million. This most-recent investment, combined with our $20 million line of credit availability, provides the financial pathway for execution of our 2024 corporate and strategic goals.”
For more information about REGO, please visit www.regopayments.com
About REGO
Rego Payment Architectures, Inc. (“REGO”) provides a family digital wallet platform that empowers financial institutions to let their customer’s children spend, save, donate and invest in a safe, parent-controlled environment. Founded in 2008, REGO provides the only family digital wallet platform to be certified COPPA (Children’s Online Privacy Protection Act) and third-party GDPR (General Data Privacy Regulation) compliant. REGO has also been awarded multiple patents related to the safety of parent and child data, including age verification of users. Built from the ground-up to protect the privacy of children’s data, REGO offers financial literacy tools for parents to teach their kids to be smarter shoppers, savers, givers and investors. Financial institutions of all sizes can offer a family digital wallet product through REGO as a white-labeled stand-alone application or fully integrated into their existing app.
