Treasure Global to Launch Mezzofy Platform in Malaysia; Shares Surge

MT Newswires Live

Apr 16

Treasure Global (TGL) shares surged past 86% in initial Wednesday trading after the company disclosed a strategic partnership making the payments processor the exclusive distributor in Malaysia for Hong Kong-based digital coupons company Mezzofy.

Treasure Global said the partnership is expected to generate $2 million to $4 million in recurring annual revenue within the first year following its launch.

Mezzofy's cloud-based coupon-as-a-service platform has facilitated more than $40 billion in transactions across 15 markets, providing merchants with cost-effective customer engagement tools through digital coupons, Treasure Global said.

Financial terms of the collaboration agreement were not disclosed.

Price: 3.88, Change: +1.80, Percent Change: +86.44

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