0
Wireless

Invuo keeps MeaWallet, eProducts going after selling SDS assets to consortium

Tuesday 22 May 2018 | 12:08 CET | News
Interactive webinar: Vodafone Ziggo deep dive. What is the strategy for the coming years? Where does it stand in relation to its competitors? Join us on January 21st 14:00 CET for a professional profile of VodafoneZiggo in 45 minutes. Register here ...
Invuo Technologies said it now has enough liquidity to continue investing in its MeaWallet and eProducts businesses, by selling assets to a consortium including members of the Seamless Distribution System (SDS) management and board. It is considering legal action against AJ Group for breach of contract, after AJ failed to invest SEK 52 million for 20 million SDS shares and loans. Invuo added that Sheliza Jamal has resigned from its board of directors.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Invuo / MeaWallet / Seamless Distribution Systems
Countries: Sweden / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Seamless Distribution Systems wins order to upgrade business platform in Guinea during coronavirus outbreak

Published 17 Mar 2020 14:14 CET | Guinea
Seamless Distribution Systems (SDS) said it has received an order from one of Guinea's largest mobile operators, covering ...

MTN Rwanda partners with Seamless Distribution to provide digital airtime recharges

Published 21 Feb 2020 10:19 CET | Rwanda
MTN Rwanda has signed a partnership deal with Seamless Distribution Systems to digitise its airtime top-ups. The announcement ...

H&M invests in Klarna and integrates its payment platform in app and loyalty club

Published 08 Oct 2018 13:02 CET | Sweden
Swedish payments specialist Klarna has announced that Swedish-based, international fashion chain H&M has agreed to make an ...

Invuo Technologies announces departure of CFO

Published 05 Oct 2018 11:57 CET | Sweden
Invuo Technologies said that Martin Schedin is leaving the role of CFO with immediate effect, on his own initiative. He took on ...

Invuo says e-Products turn EBIT-positive in Q2 but slow MeaWallet signings mean more funding needed

Published 19 Jul 2018 12:08 CET | World
Invuo Technologies said that net sales fell to SEK 30.9 million (SEK 34.5 million) in what it called an "extremely challenging" ...

Invuo says liquidity position critical after delays to AJ Group investment

Published 17 May 2018 13:00 CET | Sweden
MeaWallet distributor and e-payments provider Invuo Technologies has announced more delays in the transfer of funds from AJ Group ...

Invuo takes deposit from AJ Group, postpones share purchase deadline

Published 03 Apr 2018 12:00 CET | Sweden
Invuo said that it has received a non-refundable deposit of SEK 1 million from AJ Group ahead of its purchase of approximately ...

Invuo agrees to issue shares, warrants making up nearly 20% stake to AJ Group

Published 06 Mar 2018 13:12 CET | World
Invuo Technologies said it has reached an agreement with AJ Group under which the international conglomerate will invest some SEK ...

MeaWallet signs contactless payments and Masterpass deal with Nordic bank

Published 14 Feb 2018 14:14 CET | Sweden
Invuo Technologies' MeaWallet arm said it has signed an agreement to supply its Mea Token Platform configured for MDES as well as ...

MeaWallet wins contract from Swedbank in Baltic states

Published 28 Dec 2017 11:42 CET | Estonia
Invuo Technologies, formerly called Seamless Distribution, said that its MeaWallet arm has agreed to provide Swedbank with ...

Seamless Distribution rights issue under-subscribed

Published 19 Dec 2017 12:56 CET | Sweden
Seamless Distribution said the subscription rate for its rights issue was 39.7 percent. Through the rights issue, Seamless will ...

Fibank implements Mea Token Platform

Published 24 Nov 2017 09:31 CET | Bulgaria
MeaWallet, part of Seamless Distribution (Seamless), signed an agreement with Bulgarian financial services provider First ...

Meawallet wins Norwegian bank contract for OEM payment service tokens

Published 09 Nov 2017 13:53 CET | Norway
Seamless Distribution said that its MeaWallet arm has signed an agreement with an unspecified Norwegian bank for delivery of the ...

Seamless holds EGM on 24 November, to change name to Invuo

Published 26 Oct 2017 12:01 CET | Sweden
Seamless Distribution has announced 24 November as the date for its Extraordinary General Meeting (AGM), when shareholders will ...

Seamless plans to drop SEQR and focus on MeaWallet, eProducts

Published 17 Oct 2017 11:08 CET | World
Seamless Distribution said it considering selling or winding down its SEQR mobile payment code service and focusing on Meawallet ...

Seamless offers 85% of Seamless Distribution Systems

Published 20 Jun 2017 12:55 CET | World
Seamless Distribution said it will offer its shareholders the ability to acquire up to 85 percent of subsidiary Seamless ...

Seamless to spin off or sell Transaction Switch arm

Published 23 Mar 2017 12:37 CET | World
Shareholders at the 20 April annual general meeting (AGM) of Swedish company Seamless Distribution will vote on a motion to ...





Calendar   /   Industry Events

21 Jan Intel Q4 2020
21 Jan Modern Times Group EGM
25 Jan Edgeware EGM
25 Jan The Things Conference 2021
26 Jan F5 Networks fiscal Q1
26 Jan Microsoft fiscal Q2
26 Jan Verizon Communications Q4 2020
26 Jan Meetup MENA
27 Jan MediaTek Q4 2020
27 Jan AT&T Q4 2020
27 Jan Corning Q4 2020
27 Jan Calix Q4 2020
27 Jan Facebook Q4 2020
27 Jan KPN Q4 2020
27 Jan Extreme Networks fiscal Q2
27 Jan Uptime
::: More Calendar Items