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Greivis Vasquez Invests in Toronto-Based Tech Startup, MoPals

The new social media/rewards platform welcomes the Toronto Raptors' guard to the company's Board of Directors.

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Peter Llewellyn-USA TODAY Sports

At just 27 years of age and with many quality years in the NBA still ahead of him, Greivis Vasquez isn't waiting to set himself up for a life after basketball.

As the newest investor in MoPals, he now has more of an incentive to stay in the city once his playing days are over. Vasquez has been very vocal in the past over how much he adores Toronto, so this was clearly a no-brainer on his part.

Per Jared Lindzon of the Globe and Mail:

Basketball is part of my life, but it’s not my whole life, and I have to concentrate in other areas. MoPals is a great opportunity for me to grow as a businessman, and I really do see a future here in Canada.

MoPals, according to their latest press release, is "a publicly traded company and the world's first community-driven, crowd-sourced loyalty program that bridges the gap between social media and reward platforms."

By using the app, users can earn online currency (MoCoins) through transactions and engagement on social media. For a more elaborate description on what MoPals can offer you, check out their official site.

Ralph Lean, the Chairman of the Board of Directors for MoPals, understands the value that comes with bringing on someone like Vasquez, per Lindzon.

"He fills a void in that he’s the age category for our product. A couple of the other board members are of an older demographic, they believe in the product and the vision, but he just fits right in with us because he understands social networking, understands our app, and he’ll be a great asset for us."

Question: What are your thoughts on Vasquez venturing into the world of business technology? Does this sound like something you'd be interested in using?