TechX Closes Acquisition of Leading Cryptocurrency Payment Technology Gateway, Mobilum

TechX Technologies Inc. (“TechX” or the “Company”) (CSE: TECX) (OTC: TECXF) (FRA: C0B1), a technology driven company making traditional finance accessible through compliant digital payment infrastructure and digital asset management technologies, is pleased to announce that, further to the Company’s news release dated May 26, 2021, TechX has completed the acquisition of Mobilum OÜ (“Mobilum”).

TechX also announced that the Board of Directors has approved a name change of the Company from “TechX Technologies Inc.” to “Mobilum Technologies Inc.” and the ticker symbol in which it trades on the Canadian Securities Exchange (“CSE”) to “MBLM“. The Company will issue a further news release announcing the effective date in which the Company will commence trading under the new name, symbol and CUSIP number. The name change remains subject to CSE approval.

Mobilum, a financial technology start-up that provides the fiat infrastructure to the cryptocurrency industry, is a licensed plug-and-play fiat-to-crypto gateway and payment processing technology solution for exchanges, wallets, brokers, liquidity providers, and cryptocurrency businesses. Mobilum’s simple-to-use on-ramp and off-ramp solution makes integration easy for businesses whose users buy and sell cryptocurrencies with credit and debit cards. Mobilum guarantees zero chargebacks, the highest acceptance rates, and the lowest transaction fees in the industry (at 2.99%).

“We couldn’t be happier about acquiring Mobilum’s on-ramp, off-ramp and digital wallet technology,” said TechX CEO Peter Green. “With the infusion of funds from our last financing round, we expect to quickly grow from the $150,000 in daily processing volumes we are currently doing by expanding the on-ramp offering to other cryptocurrency exchanges and businesses. We’re also excited to be launching the gift and payment card off-ramp and digital wallet solution towards the end of Q3.  It’s becoming clear that decentralized finance is gaining global acceptance and we are excited to be part of this multi-billion dollar game-changing industry.”

The Transaction

TechX has acquired a 100% ownership in Mobilum in consideration of 26,666,667 common shares in the capital of the Company (the “Shares”) at a deemed value of $0.60 per Share for a total aggregate consideration of C$16,000,000. The Shares are subject to a hold period of four months and one day from issuance.


TechX Welcomes Netcoins Founder Michael Vogel as Independent Director and CyberSC Founder Dominic Vogel as Advisor


TechX Technologies Inc. (“TechX” or “the Company”) (CSE: TECX) (OTC: TECXF) (FRA: C0B1), a company focused in emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to welcome  Netcoins Founder and Coinstream CEO, Michael Vogel, as an Independent Director and his brother, CyberSC Founder & Chief Strategist Dominic Vogel, as an Advisor.

Michael Vogel is a well-known leader and pioneer in the Bitcoin world. He founded Netcoins in 2014, rapidly scaled the company as CEO & CTO to thousands of customers and millions in revenue, before leading the company to public listing in 2018 – notably the first crypto company of its type to be publicly listed. Netcoins, which was acquired by BIGG Digital Assets Inc. (CSE:BIGG) (OTC:BBKCF) in 2018, is now one of the largest and longest operating Bitcoin exchanges in Canada.

Michael is now the CEO of Coinstream, a Bitcoin company aimed at the US market, offering an ultra-simple way for Americans to buy cryptocurrencies. He is also founder and CEO of Encore Ventures, which is involved in the development and incubation/advisory of new startups and technologies in both crypto and tech spaces.

Michael’s specialty is fast-growing startups in disruptive sectors: taking new ideas and products from concept to market to scale, something he has done multiple times in building several multi-million dollar startups. He brings a wealth of experience and knowledge across board, public markets, executive and engineering levels. Michael is regularly interviewed in both Canadian and international media as a thought leader in the crypto industry.

“Bitcoin and the cryptocurrency ecosystem is in a major growth phase, and TechX is very well positioned for rapid growth. The TechX team has already demonstrated a solid track record of success, and I’m excited to bring my sector knowledge and experience in scaling startups to the team,” said Michael Vogel.

As Founder & Chief Strategist at CyberSC, Dominic Vogel holds a proven track record within cybersecurity across a multitude of industries (financial services, logistics, transportation, healthcare, government, telecommunications, and critical infrastructure). Dominic actively participates in the Vancouver security community and is a well-respected cybersecurity expert for appearing on media news outlets across North America and Internationally on BBC World News. Dominic is highly regarded as a cybersecurity thought leader and was recently appointed to the BC Provincial Cyber Security Advisory Committee.

Dominic focuses much of his energy on providing strategic security leadership to technology start-ups and small/midsize businesses to proactively solve their cyber risk challenges. He strives to provide practical cybersecurity advice to his clients and actively turning the security consulting world upside down.

“We are extremely pleased to have these two highly-seasoned experts join the Company during our exciting move into the cryptocurrency space,” said TechX CEO, Peter Green“We’ve been working diligently to find the best of the best to assist with our vision to drive advancements in crypto and shape the future of digital technology through our team’s ever-growing industry and operational expertise.”

“Michael is a cryptocurrency pioneer who personally founded and bootstrapped two multi-million dollar companies, including Netcoins, which he brought from nothing to $20 million in sales before it was acquired and publicly listed in 2018. Dominic has an equally impressive role within the cybersecurity space and is highly regarded for his deep expertise across several massive industries. I can’t think of two better leaders to add to the TechX team,” he added.

Further, the Company has granted an aggregate 450,000 incentive stock options (the “Options”). The Options are exercisable at $1.19 per share for a period of two years from the date of grant and subject to vesting over two years.  The Options have been granted under and are governed by the terms of the Company’s incentive stock option plan.’s-significant-month-over-month-growth-in-february-2021

TechX Technologies Boasts’s Significant Month Over Month Growth in February 2021

TechX Technologies Inc. (“TechX” or “the Company”) (CSE:TECX) (OTC:TECXF) (FRA: C0B:FF), a company focused in emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to announce that its initial investment in CatalX CTS Ltd. (“CatalX”) has proven to be an early success. CatalX achieved significant growth in trading volume, daily users, deposits and revenue in February 2021 compared to the previous month.

CatalX, which is Canada’s premier cryptocurrency exchange, is a Canadian-based FINTRAC registered and compliant digital asset exchange platform that specializes in cryptocurrency trading, blockchain and cybersecurity technology.

CatalX announced the following key metrics from February 2021, compared to January 2021:

  • Trading volume increased 271% MoM from $4,014,760 in January 2021 to $14,886,305 in February 2021
  • Monthly transactions increased by 2,281% from 1,012 to 24,091
  • Daily average users increased 75% MoM from 16.41 to 28.64
  • Deposits increased by 182% MoM from $1,229,974 to $3,465,636
  • Revenue increased by 61% MoM from $97,430 to $156,754

CatalX also shared the key metrics for the first six days of March 2021:

  • Trading Volume: $7,985,884
  • Deposits: $4,444,942
  • Daily average trading volume: $1,330,980
  • Daily average deposits: $740,823

“We are ecstatic about our February growth, which has not only met but exceeded our initial expectations, but our month-to-date March numbers have exponentially grown” said CatalX CEO Jae Park“CatalX has been primarily focused on working towards becoming the first regulated exchange in Canada, and now we’ve had the opportunity to shift our focus toward user acquisition and revenue growth with the investment from TechX has already proven to be a huge success. We look forward to sharing our numbers in the coming months.”

“We are very pleased to share the CatalX Exchange’s exciting growth numbers for last month, which came at no surprise considering the ever-growing excitement surrounding crypto, along with the exchange’s superior features such as having the tightest spreads, fully featured order book and the lowest price for bitcoin in Canada,” said TechX CEO Peter Green“The first seven days of March have been extremely encouraging, so we look forward to seeing continued increase across the board when those results come in at the end of the month. It’s clear that CatalX is the premier crypto exchange in Canada and we are very happy to be partnered with them.”

TechX signed a definitive agreement (press release from February 16, 2021) to make an equity investment of C$2,000,000 into CatalX.