MPayMe Limited Co. announced a private placement of 787 common shares at a price of $2,541.30 per share with Billing System Corporation for gross proceeds of $2,000,000 on July 18, 2013. The shares will be issued by third-party allotment. The investor will acquire 2.66% stake in the company through this transaction. The board of directors' meeting of the investor approved the transaction. The payment date is July 31, 2013.

On July 31, 2013, MPayMe Limited Co. closed the transaction.