Mobile voucher developer VMob's share price fell yesterday after rising following news that the company had signed a global deal with fast-food giant McDonald's and raised $2.17 million of capital.
VMob's agreement with McDonald's gives it access to 119 markets where McDonald's operates.
The deal builds on a relationship VMob has with McDonald's in the Netherlands, Sweden and Japan.
After the announcement this week, shares in the company jumped 118.2 per cent to close at 2.4c on Monday, before dropping 20.83 per cent to close at 1.9c yesterday.
Auckland-based VMob seeks to use mobile technology to "bring shoppers back into stores", using targeted vouchers.
- Holly Ryan, BusinessDesk