FinTechFunding

Beam Communications: Receives largest ZOLEO order

  • Beam Communications (BCC) has received its largest order for 7750 ZOLEO units from its joint venture company ZOLEO Inc
  • ZOLEO is a global messaging device that can send messages from outside of mobile coverage
  • This latest and largest order exceeds the third order the company received for 5000 ZOLEO units back inJuly
  • ZOLEO was initially sold through Cabela’s, however, BPS will now also stock the device in stores located across the U.S
  • Importantly, major Canadian department chain, London Drugs, has also started selling ZOLEO across its 80 stores
  • Beam’s shares are up 6.98 per cent and are trading for 23 cents at 3:44 pm AEST
Previous article
Metalicity: Raises $5M to extend drilling at Kookynie
Next article
CardieX: Partners with Andon
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Spektr Strengthens Compliance Efforts with $20M Funding

Fintech startup Spektr secures $20 million for AI-driven compliance solutions.Highlights: Spektr raises $20 million to enhance its AI...
FinTech

Hacked DeFi Platform Drift Secures Funds to Repay Customers

Drift plans to relaunch with Tether support after addressing security issues.Highlights: Drift DeFi platform has secured funds after...
FinTech

Business Banking Fintech Slash Reaches Unicorn Status

The fintech startup achieves a valuation of over $1 billion.Highlights: Slash has been valued at over $1 billion.The...
FinTech

Amex Strengthens Digital Services with AI Expense Management Acquisition

American Express to acquire Hyper to enhance its business offerings.Highlights: American Express announces the acquisition of AI startup...