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Wednesday, April 17, 2024

Mode Mobile Launches Community Investment Round to Disrupt Smartphone Industry

Last updated Tuesday, July 11, 2023 07:05 ET

Vancouver Canada · V6E 4A6, Canada, 07/11/2023 / SubmitMyPR /

Paying smartphones users for their data and attention, Mode is turning the world's 7B smartphones into the world's most accessible income-generating asset

Chicago, Illinois--(Newsfile Corp. - July 11, 2023) - Mode Mobile, creator of the world's first EarnPhone™ - powered by Mode's proprietary EarnOS™ - announced the launch of its community investment round today. The company is opening the doors to retail investors, including its community of over 40 million registered users who have earned and saved over $150 million since the launch of Mode Mobile.

With users across 170 countries taking advantage of Mode Mobile's earning opportunities, the company has generated over $50 million in revenue to date. In addition to revenue generated via direct app downloads, direct-to-consumer subscriptions, and retail sales, EarnOS™ also offers digital advertisers unique opportunities to reach new audiences. Mode Mobile will also begin licensing and selling EarnOS™ to device manufacturers, a business model that has been a game-changing catalyst for publicly-listed companies like Roku.

The company sees its emerging category as a trillion-dollar opportunity that intersects three fast-growing global markets: smartphones, mobile apps, and digital ads. The exit opportunities in the industry remain favorable, as demonstrated by the highly-publicized acquisition of Mint Mobile (backed by Ryan Reynolds) by T-Mobile in March of this year.

Mode Mobile's team comprises professionals from the world's biggest companies, including Microsoft, Intel, Google, and Goldman Sachs. The company is venture-backed, and is now inviting retail investors to invest alongside seasoned angel investors and venture capital funds.

"At Mode, we're pioneering a new way to utilize an everyday asset, turning smartphones into EarnPhones™," said Dan Novaes, CEO and Co-founder of Mode Mobile. "Our passionate team is excited to expedite our growth and give our end users - the ones who are asking us to create this - a chance to join us for the ride. We're turning users into earners, and earners into owners - it's an incredibly exciting time."

Funding from the community investment round will help the company scale its success, expanding boundless possibilities for the smartphone industry. Capital raised will be used to increase EarnOS™ & EarnPhone™ adoption in new markets and expedite the closing of licensing deals.

Mode Mobile's community investment round is open to all investors, with investments starting at $450. Visit invest.modemobile.com to invest in the future of the smartphone industry.

About Mode Mobile

Mode Mobile is a technology company unlocking the world's most accessible income generating asset: the smartphone, paying users for their attention and engagement. Mode Mobile has over 40 million registered beta users across 170 countries taking advantage of its earning opportunities, generating over $50M in revenue to date. Users have earned and saved $150 million since inception.

For more information about Mode Mobile and to invest, please visit https://invest.modemobile.com/

Contact: press@modemobile.com

Equity crowdfunding investments in private placements, and start-up investments in particular, are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investment through equity crowdfunding tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Further, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns.

DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck. DealMaker Securities LLC does not make investment recommendations. DealMaker Securities LLC is NOT placing or selling these securities on behalf of the Issuer. DealMaker Securities LLC is NOT soliciting this investment or making any recommendations by collecting, reviewing, and processing an Investor's documentation for this investment. DealMaker Securities LLC conducts Anti-Money Laundering, Identity and Bad Actor Disqualification reviews of the Issuer, and confirms they are a registered business in good standing. DealMaker Securities LLC is NOT vetting or approving the information provided by the Issuer or the Issuer itself. Contact information is provided for Investors to make inquiries and requests to DealMaker Securities LLC regarding Regulation CF in general, or the status of such investor's submitted documentation, specifically. DealMaker Securities LLC may direct Investors to specific sections of the Offering Circular to locate information or answers to their inquiry but does not opine or provide guidance on issuer related matters.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/172731

Original Source of the original story >> Mode Mobile Launches Community Investment Round to Disrupt Smartphone Industry