Close

VMob lists on NZAX, eyes Asian expansion

VMob lists on NZAX, eyes Asian expansion
Smartphone voucher company VMob has listed on the junior NZAX and is seeking fresh capital from investors.

Smartphone voucher company VMob has listed on the junior NZAX and is seeking fresh capital from investors.

Formerly known as VoucherMob, it was founded by chief executive Scott Bradley and won best hi-tech startup at the the 2011 Hi-Tech Awards.

Brands that have used the cloud-based platform include McDonalds, Hoyts Cinemas, and Civic Video.

According to BusinessDesk, the listing stems from a reverse acquisition of Velo Capital, a shell company on the NZAX, which will change its name to VMob.

VMob has ambitions to expand overseas, beginning with Asia, and hopes to sign up seven telecommunications companies by the end of 2013.

Bradley hoped the stockmarket listing would boost VMob's credibility abroad – New Zealand had been a pilot for the technology on a small scale, he said.

Bradley told Fairfax VMob had memorandums of understanding with two global telecommunications firms and had run a trial in Indonesia.