Completion of NHN investment into Bango Deep

RNS Number : 4057J

Bango PLC

09 April 2020

 

9 April 2020

BANGO PLC

("Bango")

Completion of NHN investment into Bango Deep

Cambridge, UK, 9 April 2020 - Following the announcement on 3 April 2020, Bango (AIM: BGO), the mobile commerce company, is pleased to announce that the £6.5M investment by NHN into Bango Deep Limited ("Bango Deep"), the Bango subsidiary that owns the Audiens Customer Data Platform business, has been completed. NHN now owns 60% of Bango Deep, with Bango holding 40%.

Contact Details:

Bango PLC	FTI Consulting	Cavendish Corporate Finance	finnCap Ltd
Tel. [phone]	Tel. [phone]	Tel. [phone]	Tel. [phone]
www.bango.com	Rob Mindell	Jon Edirmanasinghe	Marc Milmo
Paul Larbey, CEO	Matt Dixon	Chris Malcolm	James Thompson
Ray Anderson, Executive Chair	Leah Dudley		Matthew Radley
Carolyn Rand, CFO Anil Malhotra, CMO

About Bango

App developers, stores and payment providers cross the threshold into the Bango ecosystem to converge, grow and thrive. By bringing businesses together and powering e-commerce with unique data-driven insights, Bango delivers new business opportunities and new dimensions of growth for customers around the world. Being inside the Bango circle means global merchants including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) can work together with payment partners from Africa to the Americas, accelerating the performance of everyone on the inside.

Bango. Think inside the circle. For more information, visit www.bango.com.

About NHN Group

NHN headquartered in Seoul, South Korea, operates a wide range of businesses which include financial technology, data and advertising technology, entertainment content and cloud services.

Founded in 1999, it rapidly became a market leader mobile gaming and entertainment. NHN then launched domestic and international payment solutions for both online and retail ecommerce, which has expanded across Asia and into North America. Based on a vast and growing user behavior database, and expertise in user analysis and data modeling, NHN has expanded into data technology and mobile marketing products.

 

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