REGO Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT) today announced it has secured a significant round of funding to bring the total to $9.3 million to date in Series C funding led by SKB Capital. The funding will allow REGO to launch its secure mobile banking solution to families in the U.S. and the European Union later this year.
“Investors renewed their support for the REGO Digital Wallet, in light of robust demand for digital mobile wallets, particularly with cybersecurity and personal identity management protections. The closing of this strategic growth capital resolves the essential missing piece to move the REGO Digital Wallet into a position to begin to engage customers with its newly launched service in 2020,” said Suzanne E. Kecmer, founder, SKB Capital, and financial advisor for REGO.
REGO’s Digital Wallet is an unprecedented family-focused financial solution. It allows children to shop from parent-approved retailers, deliver peer-to-peer payments, teaches financial literacy, all while keeping identities secure. It has patented attribution and identity management methods, patented real-time access and data control, and independent verification, validation, and auditing techniques, among other core capabilities.