TORONTO, ONTARIO–(Marketwired – September 30, 2013) – Difference Capital Financial Inc. (TSXV:DCF) (“DCF”), a leading specialty financial services company, is pleased to announce its investment in Carta Solutions Holding Corporation (“Carta”), which specializes in the mobile payments sector.
DCF has invested $2 million in Carta in the form of common shares and warrants, resulting in an approximate 5.0% diluted stake in the company. This investment provides DCF with exposure to the fast-growing mobile payments sector.
Carta is an international leader in transaction processing and payments technology, specializing in prepaid, mobile and emerging payments. Carta’s unique platform, designed specifically to meet the complexities of the evolving payments environment, bridges the gap between existing payments infrastructure and the next generation of mobile and digital payments.
“We are very excited about the future of mobile payment technologies,” said Tom Liston, Managing Partner at Difference Capital. “We continue to see measurable growth in the mobile payments sector, as banks, telecom providers and retailers look to capitalize on these new payment technologies. Our investment in Carta underlies our belief in their leading proxy payments technology, which we believe will enable unique new mobile wallet applications.”
“We are fortunate to have access to the wealth of knowledge and expertise that the Difference team brings to the table,” said Brian Semkiw, Chief Executive Officer of Carta. “Our technology is being leveraged by industry leaders in banking, mobile and retail to deliver the world’s most advanced payment products to market. We look forward to our partnership with Difference to support the growth our business and continue to drive innovation in commerce.”
About Difference Capital Financial Inc.
Difference Capital Financial Inc. is a publicly-listed, Toronto-based specialty finance company focused on creating shareholder value through strategic investments in, and advisory services for, growth companies, particularly in the technology, media and healthcare sectors, as well as through opportunistic investments in undervalued financial assets and real property.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way passed upon the merits of the proposed transactions and neither of the foregoing entities has approved or disapproved of the contents of this press release.
About Carta Solutions Holding Corporation
Carta Worldwide is an international leader in transaction processing and payments technology, specializing in prepaid, mobile and emerging payments. Carta’s next generation platform, designed specifically to meet the complexities of the evolving payments environment, excels where legacy systems are challenged; delivering end-to-end solutions that manage risk, enable innovation, and optimize profitability. Carta has deep-rooted relationships and deployments with payment leaders such as MasterCard. For more information on Carta please visit http://www.cartaworldwide.com.
This release includes forward-looking statements regarding DCF and its business. Such statements are based on the current expectations and views of future events of DCF’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release and the anticipated growth of the mobile payments sector may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting Carta and many other factors beyond the control of DCF. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and DCF undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Difference Capital Financial Inc.
Chief Executive Officer
416 649 5088