MoneyOnMobile, Inc. (OTCPK:MOMT) announced a private placement of senior secured promissory notes for gross proceeds of $1,500,000 on March 13, 2019. The transaction will include participation from S7 Finance B.V. The company will also issue five year warrants in the transaction to purchase 69,592,665 shares at an exercise price equal to $0.02158 per share. The notes will mature on March 18, 2021.