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Announced

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Rumble completed the acquisition of a stake in Parallel Economy.

Synopsis

Rumble, a video platform, completed the acquisition of a stake in Parallel Economy, a transformative payment processing company. Financial terms were not disclosed. "Our mission is to eliminate every chokepoint and backdoor to cancel companies like Rumble and our creators. This investment in a digital payment processing system is another example of Rumble's commitment to put creators first. With Parallel Economy, creators won't have to worry about arbitrary cancellation. Giving creators financial security is a critical part of Rumble's mission to protect a free and open Internet," Chris Pavlovski, Rumble CEO.

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