Rego Payment Architectures, Inc. Closes Additional $10.4 Million Series B Preferred Financing

Press Release
October 13, 2022

Rego Payment Architectures Inc. provides the super app, Mazoola®, a recognized award winning COPPA and GDPR certified family mobile wallet

BLUE BELL, Pa., Oct. 13, 2022 (GLOBE NEWSWIRE) — Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), today announced it has raised an additional $10.4 million through the private placement of over 115,000 shares of the company’s Series B Preferred Stock.

Peter S. Pelullo, Chief Executive Officer at REGO, said, “We are now focusing on closing a commercial distribution agreement for our COPPA and GDPR Compliant Mobile Wallet, Mazoola®, and our child-safe commerce solution for payments, MazoolaPay^SM. Additionally, we continue to explore our strategic corporate options as we move forward on all fronts.”

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