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Vogogo teams with Aurfy to facilitate payments from Asia

Friday, May 22, 2015 — 11:25:21 (EDT)

Calgary, Alberta and London and Palo Alto, Calif., May 22, 2015 - Vogogo Inc. ("Vogogo") (TSX VENTURE:VGO) a specialized provider of risk management & payment processing services today announced that they have finalized a strategic partnership with Aurfy Inc. ("AURFY"), a Silicon Valley, CA based payment processor focused on facilitating payments from Asia.

With this partnership in place Vogogo expects to extend its risk management and payment processing services to clientele looking to enter Asian markets and/or to provide better payment services to their existing Asian business portfolios. The technical integration between AURFY and Vogogo is underway and Vogogo expects to offer beta payment processing in Asia to clients in the latter half of 2015.

Vogogo CEO Geoff Gordon said of the announcement, "Due to overwhelming demand for our services in Asia we are very pleased to have made progress in what is a very large and exciting market for us. Our focus continues to be about growth and expanding our service offering to target markets in coordination with our clients' needs. This is another significant step towards reaching our business goals."

AURFY's CEO Yuanbo Wang said of the partnership, "We are very excited to be working with Vogogo. The combination of their incredible clientele along with their significant technical and operational capabilities including risk management and international compliance made this an easy partnership choice for our company."

Vogogo also announces that today it filed its interim condensed consolidated financial statements for the three months ended March 31, 2015, and related management's discussion and analysis. The financial statements, and management's discussion and analysis may be obtained on Vogogo's SEDAR profile.

About Vogogo

Vogogo is a TSX Venture Exchange ("TSXV") publicly traded payment services company with integrated risk management and compliance. Founded in 2008, Vogogo designed, built and launched their web-based payment processing technology while growing their expertise in software development, payments, risk management, compliance and related financial services. Vogogo is now executing on its plan to sell to global markets. The plan focuses on market opportunities where Vogogo believes it has a competitive advantage due to its positioning and technology.

About AURFY

Aurfy, Inc. is a fintech startup focused on connecting international businesses to Asian consumers. Founded in 2012, Aurfy has developed an easily integrated payment solution that allows preferred payment methods in Asia to be easily processed globally. With a unique background in Asian economies and purchasing habits, Aurfy helps its customers and partners remove the friction in accepting payments from Asia.

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Source: Company press release.