Fandango Holdings acquired Konnect Mobile Communications.

Fandango Holdings, the investment company focused on the industrial and services sectors, acquired Konnect Mobile Communications, a Canadian fintech company focused on the mobile payment sector. Konnect, which to date has invested in excess of CDN$10m in technology, is a 100% owner of PaySocial Inc., a disruptive secure and real time mobile banking and bill payments eWallet. The Acquisition, if completed, would result in Fandango shareholders having a minority interest in the enlarged group. Financial terms were not disclosed.