Hip Pocket Mobile Gets C$100k Convertible Debt For Mobile Real Estate Service

Toronto-based Hip Pocket Mobile, a provider of real estate data for mobile, has raised C$100,000 ($98,600) in convertible debt from digital media firm SilverBirch. The company delivers property data to homebuyers over a mobile device, and it plans to use the funding to build out a US-based lead-gen operation. With the deal, SilverBirch has the option to acquire 51 percent of Hip Pocket using its own, publicly-traded stock as currency. The plan is part of SilverBirch's strategy of targeting specific, high margin verticals. Release.