Killi gets $1.5 million treasury boost after certain holders exercise warrants and purchase 30 million common shares

Killi Ltd. (CVE:MYID) (OTCPINK:MYIDF), a global leader in consumer privacy, has announced that holders of certain common share purchase warrants have exercised and purchased 30 million common shares adding $1.5 million to the company’s treasury.

“Having the support of our shareholders has helped put our Balance Sheet in an even stronger position and given us the needed liquidity to increase the visibility and scale of the Killi ecosystem,” Neil Sweeney, founder and CEO of Killii said in a statement.

READ: Killi launches UaretheProduct.io to allow users to see the dollar value of their data to big technology firms

“The anticipated ramp-up of revenue starting in the fourth quarter of this year is pushing us closer to reaching Killi’s goal to redistribute wealth back to everyday citizens based on what’s rightfully theirs, their data. With unemployment at 10% and the value of consumer data exceeding $500 per month, even a small redistribution of money can make a material difference to a consumer,” he added.

Killi is a consumer privacy ecosystem that allows consumers to take back control of their consumer data from those who have been collecting it and selling it unbeknownst to them.

It is currently available online or via iOS or Android in five countries (US, Canada, Singapore, Australia, and New Zealand). Killi pays users automatically every week a cash Data Dividend for the use of their data, making Killi the only company in the world that is fairly compensating users for the purchase of their data.

Killi is also the creator of uaretheproduct.io, a consumer-facing website that allows consumers to determine their data’s value broken out by individual platform.

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Story by ProactiveInvestors