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This Franchising Company Reports Offering Its Franchisees A Low-Cost, High-Return Business Opportunity – And It’s Now Taking Investments From The Public

ACFN Franchised Inc.

By David Willey, Benzinga Learn more about investment opportunities with ACFN here. ACFN Franchise Inc. is a leading Automated Teller Machine (ATM) provider. It is also North America’s only ATM franchise business and it is taking advantage of the passive investment this model enables. The company is currently running a round of investment to raise funds for scaling the business and pushing growth in 2023. People turn to passive income investments because they can generate income without needing constant attention, unlike active daily employment. Franchises are frequently chosen as a means of creating passive income streams, as franchises come with a brand and business model already established. However, not all franchises are created equal, and some can be less labor-intensive and require less maintenance than others. Investing in ATMs can open multiple opportunities for passive income, as ATMs offer real asset ownership as well as a consistent cash flow. Many business owners choose to install an ATM on their property to meet customer needs and because they make money on every transaction through ATM fees. Despite the popular perception that the economy is moving past the need for cash, ATMs are still widely used across the country. The global ATM market is worth $22 billion, and ATMs get used over 10 billion times every year in the United States. ACFN is one company capitalizing on the continued convenience offered by ATMs, as well as by the interest franchisers have in low-maintenance investments that generate passive income. ACFN’s Franchise Model ACFN is an ATM service provider that offers full ATM services, including installation, ongoing maintenance, and customer support. Founded in 1996 and franchised 2003, the company has dispensed over $5 billion at more than 2,800 locations across America. It is also the largest provider of ATM machines to hotels across the country, supplying 1,800 hotels from major chains like the Ritz-Carlton Hotel Company, Marriott (NASDAQ: MAR), and IHG Hotels and Resorts (NYSE: IHG). In the past year alone, ACFN’s ATMs have dispensed over $360 million and generated $14 million in revenue. ACFN is unique because, as well as being an ATM service provider, it offers a franchising model. It is the only ATM franchise business in North America, and it has been named Top Low-Cost Franchise as well as being ranked in the Franchise 500 listing. The company has been franchising since 2003 and currently has over 230 franchise partners. ACFN franchisees are given a turnkey ATM business and lots of support getting set up, with one franchise directory describing ACFN as a low-cost, high-return franchise investment opportunity. ACFN provides mentoring sessions that instruct franchisees on how to succeed using the model, and gives the franchisees marketing materials, support for ATM installations and ongoing access to national databases for leads. According to ACFN, each ATM only requires a few minutes of maintenance every week, and it won’t require hiring any additional employees, making an ACFN franchise streamlined and easy to keep up. The company is currently taking a round of investing, and it plans to conduct strategic acquisitions of its competitors in 2023 to accelerate company growth. Want to invest? ACFN is taking investments right now! You can also visit its website to learn more about ACFN’s ATM service and franchise business. This article was originally published on Benzinga here. Founded in 1996 and franchised in 2003, ACFN Franchised Inc. (“ACFN”) provides services to 2,700+ businesses in 46 states in collaboration with our network of 220+ franchise owners.Since inception, ACFN has provided a cumulative $5,000,000,000 of spending power to support and increase sales for our partner businesses. In just the last 12 months a total of $367,566,000 was dispensed through our network, generating more than $14,500,000 in fee revenue for ACFN. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Jeffrey Kerr Investor-Relations@acfn-solutions.com Company Website https://acfn-solutions.com/

March 03, 2023 09:15 AM Eastern Standard Time

‘COFFEE WARS’, AN IMPACT COMEDY STARRING KATE NASH, TO BE RELEASED MARCH 2023 WITH ALL PROCEEDS GOING TO ENVIRONMENTAL & ANIMAL WELFARE CHARITIES

COFFEE WARS

COFFEE WARS, a comedy feature film that shares a powerful message about embracing a dairy-free future to improve health of the planet while bringing attention to veganism, ethical consumerism, and female entrepreneurship, will be released in March 2023 on iTunes, Amazon, and Google Play. The film stars vegan actress, feminist activist, and singer-songwriter, Kate Nash ( Powder Room, GLOW ), Derry Girls star Saoirse-Monica Jackson ( Finding You, The Flash ), British actor Toby Sebastian ( Game of Thrones, The Music of Silence), and Welsh phenom Owain Arthur (Amazon’s Power of the Rings). VegGood Films has shared that 100% of all proceeds from the film will be donated to environmental and animal welfare charities. COFFEE WARS uses the lens of comedy to shine a light on the devastating environmental impacts of dairy products and elevate plant-based alternatives as tasty, more sustainable substitutions worthy of award-winning lattes. “COFFEE WARS brings pressing issues to a global audience in a laugh-out-loud comedic way,” said Kate Nash. “It invites viewers to challenge their beliefs about what it means to be an ethical consumer and the overall environmental impacts of their purchases.” COFFEE WARS follows coffee aficionado Jo (Kate Nash), who is doing her best to stay afloat running her own coffee shop alongside a band of unpredictable colleagues, while nothing seems to be going her way. She can make a latte better than anyone, but her customers have trouble getting past one thing: her coffee shop is vegan. Drowning in debt and with everything on the line, Jo and her team of misfits gear up as the underdogs for the World Barista Championships, where she'll face her "full fat full cream" archrival Rudy (Toby Sebastian). Jo will finally have a chance to prove herself in the dairy-dominated world of coffee, and, most importantly, win a big cash prize. The donation of the film’s proceeds will be made through Foam Capital Charitable Trust, which represents the film’s financiers. “Our society simply cannot continue to consume planet-crippling dairy products, especially as plant-based alternatives, such as the ones featured in our film, are readily available, healthy for our bodies and the planet and, most importantly, delicious,” said Executive Producer Jay Karandikar of VegGood Films. “We are 100% committed to this cause and are proud that our film’s proceeds will support organizations that are working to ensure the health and sustainability of the planet.” For more information on the film, visit coffeewarsfilm.com or follow @coffeewarsfilm on Instagram, TikTok, and Facebook. ### ABOUT VEGGOOD FILMS VegGood Films was formed by impact investors and purpose-driven optimists whose shared mission is to realize a more sustainable and humane world. Led by the investors behind VegInvest and New Crop Capital and fueled by the hope that entertainment and art can facilitate sustainable behavioral change around the world, VegGood Films is dedicated to producing quality films that can entertain and inspire. To learn more visit veggoodfilms.com. FILM ASSETS FOR MEDIA USE All press assets Official Trailer via YouTube Contact Details Jive PR + Digital Lynsey Gray +1 250-505-6434 lgray@jiveprdigital.com Company Website https://www.coffeewarsfilm.com/

March 02, 2023 08:00 AM Pacific Standard Time

What Do A Birkin Bag and Bottle of Burgundy Have in Common? Spoiler: Market Beating Returns.

Vint

By David Butler In the world of fashion, one bag reigns supreme and leaves celebrities and the ultra rich fighting amongst each other for positioning and the opportunity to own one. The bag is known simply as a “Birkin'', and since its inception in 1984 this bag has experienced a meteoric rise to its current place in the fashion world. Originally sketched on a napkin during a flight from London to Paris, Jane Birkin probably never anticipated that her bags would one day start at prices of $10K USD, and be selling at auction for upwards of $380K. Accounting for inflation, one study that looked at the bags as an investment showed that they appreciated at a rate of 14.2% annually over a 35 year period, besting the S&P 500 which came in at 8.7%. These bags are so coveted, that they’ve become more than just fashion. They’ve become an investment. The same can be said of Burgundy wines. Located in the Eastern part of France, Burgundies have long been known for their complexity, elegance, and depth of flavor. Now, they’re also known for their remarkable prices. The Burgundy 150 Index (used by the London International Vintners Exchange, or Liv-ex, as a way to track performance) has gained a remarkable 105.6% over the last five years (ended January 23rd) compared to 44.4% for the S&P 500 over the same time frame. Like the Birkin is to fashion, the world of wine has a few producers that are so sought after that most of us will never get the chance to taste, let alone see a bottle. The pinnacle of Burgundy is largely considered DRC Romanée-Conti Grand Cru. A prime example of this blue-chip wine's dominance is the 2014 vintage. A single bottle can cost you more than $23,000, while the Liv-ex market value of a case has increased by nearly 63% over a five year period. Other examples include Domaine Armand Rousseau Chambertin Grand Cru, which has gained 223.16% over a five year period, or the 2018 Batard-Montrachet Grand Cru which is up 26.2% over the last 12 months. If a Birkin bag is the pinnacle of handbag investing, many of the top pinot noir from Burgundy are its counterpart. Despite the investment potential, fine wine is an asset class that can seem daunting to investors. Industry know-how is a big factor in making the right wine picks, maximizing gains, and realizing liquidity. Whether it be Hermès bags, a piece of art or wine, investing in the asset class through a professional can be more conducive to long-term results, rather than simply storing a few wines in your basement. Companies like Vint offer a solution. Their platform allows investors to invest in shares of wine through securitized offerings, rather than having to go out and purchase an entire wine collection on your own. Their team researches the market, sources the wines, stores them safely, and finds buyers when the time comes. These are steps that can be very costly. For those without industry experience, it can be difficult to understand the analysis and market dynamics that determine when to buy and sell. That’s why Vint’s in-house team of professionals use proprietary analysis and fundamental research to seek value and returns for their investors. Just don’t ask them about handbags. This article originally appeared on Benzinga here. Founded in 2019, Vint set out to financialize fine wine and spirits and create a new asset class. Vint received SEC qualification in 2021, thereby creating the first fully-transparent, efficient platform for wine, spirits, and futures collection investing. Vint offers expert-curated, thematic collections of fine wine & spirits to institutional, accredited, and non-accredited investors. Since launching, Vint has securitized and offered over $6M worth of assets. Through Q3 2022, Vint has generated returns of 28.3% for asset exits on a net annualized basis since inception. Vint is backed by leading investors Montage Ventures, MS&AD Ventures, Goat Rodeo Capital, Fintech Ventures & Slow Ventures. To learn more about Vint, visit Vint.co. This content contains sponsored advertising content and is for informational purposes only and not intended to be investing advice. All investors should do their own research, due diligence, and make their own decisions when it comes to investing capital in markets. Please read Vint’s disclaimer. Contact Details Brady Weller Brady@vint.co Company Website https://vint.co/

March 02, 2023 09:25 AM Eastern Standard Time

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Ending Pet Obesity

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/c2ScvhOzt_s There’s a weight problem in America and it isn’t just affecting humans. Would it surprise you to know that more than half of dogs and 60 percent of cats are classified as clinically overweight, but 90 percent of pet parents with an overweight pet don’t realize it. With these stats in mind, it is important for pet parents to make health and wellness a top priority. We know that eating properly and maintaining a healthy weight is key to our overall well-being. Well, the same holds true for our beloved pets. Hill’s Pet Nutrition, a global leader in science-led nutrition, is on a mission to help end pet obesity and is teaming with Dr. Vernard Hodges and Dr. Terrence Ferguson, stars of Nat Geo show: Critter Fixers: Country Vets, for its annual End Pet Obesity campaign, which was created to help pet parents understand obesity and understand the actions needed to best maintain their pet’s health by providing education, free tools and resources. Dr. Hodges and Dr. Ferguson, stars of stars of Critter Fixers: Country Vets conducted a nationwide media tour earlier this year to discuss the End Pet Obesity campaign. Topics that Dr. Hodges and Dr. Ferguson discussed included: Concerning trends they are seeing in pet health What obesity can mean for a pet Ways a pet parent can best assess if their pet is overweight Tips for weight loss and maintenance For more information, visit endpetobesity.com Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

March 01, 2023 09:00 AM Eastern Standard Time

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Multipolar Development Corporation Electric Machine Prototype Promises Unprecedented Versatility

Multipolar Development Corporation

Multipolar Development Corporation (MDC) an electrical and automation engineering company announced details on its patented multipolar electric vehicle (EV) propulsion enhancement system today. The company has begun construction and testing of a physical prototype of its novel multipolar electric vehicle propulsion enhancement system. MDC’s Recent successes with finite element method (FEM) models of the system have paved the way for the development of the first iteration of the revolutionary electric machine design. “The technology is performing even better than we anticipated,” stated MDC CEO and inventor, Shaun McCutcheon. “We fully intend to shock the EV industry as our patented technology advances it to a new level of efficiency and performance.” Multipolar Technology™ manages the speed and torque of a DC electric machine directly through advanced intelligent control, requiring fewer external drive components and power connections and eliminating the need for brushes and commutators. Breaking the “medium voltage” barrier The innovative Multipolar approach is a response to the rapidly growing demand for high-power electric machines. In addition to the push to replace internal combustion motors with greener alternatives, there’s an increasing need for more efficient DC electric generators, particularly at an industrial scale. With heavy industrial applications and electric vehicles (EV's) being the next phase for green initiatives, Multipolar marks a significant milestone in machine technology. The increased efficiency and scalability of MDC’s patented design will allow its DC machines to operate at voltages of 2000 V and above (medium voltage above 1 kV) – something that has been traditionally impractical for DC electric machines. Long-term use, electrical arcing, and environmental conditions lead to mechanical wear and imperfections that reduce efficiency in high-power motor and generator applications. By using its unique control system to dynamically alter a machine’s pole configuration, Multipolar can compensate for these conditions in real time to offset inefficiencies and accumulated mechanical defects. Ultimate versatility and customization The biggest advantage of Multipolar machines is versatility. Traditional DC electric machines have a fixed design and operation. With a Multipolar DC machine, however, the performance can be optimized for the demands of each end device or system using software and machine learning. Engineer and electric motor consultant Thomas Neroda stated, “The major advantage of the Multipolar machine is the performance versatility. With almost unlimited performance configurations, the machine can be uniquely adapted to match the requirements of the end application.” The Multipolar machine will allow end-product designers to use a custom controller with multiple performance options and settings. An array of sensors will inform intelligent software, both at setup and during operation, not only to optimize performance to meet initial design specifications but also to maintain that efficiency and performance under dynamic conditions. With a range of operational speeds at full power, designers will even be able to repurpose Multipolar machines when applications or operational demands change. The upcoming Multipolar electric machine prototype, expected to be completed in mid-2023, will demonstrate the practicality of an intelligent multipolar DC electric machine design setting the stage for further research and production including new Multipolar Universal AC/DC Machines. “At a time where political leaders in the United States are seeking to position the country as a global leader in EV manufacturing, the introduction of our technology has perfect timing,” Shaun McCutcheon continued. “With more than $3 billion expected to be invested into the domestic electric vehicle industry by the U.S. Department of Commerce, and likely even more from private investors, we expect significant interest in the technology our team of engineers developed.” Multipolar Development Corporation is an Austin, TX-based C-Corp comprised of energy, electric, and automotive engineering experts. ### Please visit: www.MultipolarMachine.com for more information. For more information or to schedule an interview with Shaun McCutcheon, please contact Dan Rene of kglobal, at daniel.rene@kglobal.com or 202-329-8357. Contact Details Dan Rene +1 202-329-8357 daniel.rene@kglobal.com Company Website https://www.multipolarmachine.com/

February 28, 2023 10:00 AM Eastern Standard Time

Top Fashion Brands Use AI-Driven Omnichannel MySizeID And Naiz Fiz To Deliver The Right Size The First Time Around

MySize, Inc.

By Ernest Dela Aglanu, Benzinga Shopping for clothing online, while convenient, can at the same time be very difficult, especially because the buyer can't try the clothes on first. All too often, they may receive apparel that doesn't fit – sometimes marring an otherwise great experience. A survey conducted by Power Reviews revealed that clothing topped the list of items returned by customers who purchase online. Clothing led with 88% returns, followed by shoes at 44%, and electronics at 43% as the most returned product categories. The survey further explained that the top three reasons people gave for returning an item were that it didn't fit (70%), the item was damaged or defective (65%), or the item didn't match the description (49%). These fit-related problems are costing retailers worldwide $642.6 billion, and only 48% of returns can be resold at full price. Even worse, an estimated 5 billion pounds of returns end up in landfills. To help solve this nagging problem and ensure customers receive clothing and other items that fit, MySize Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA), an omnichannel e-commerce platform and provider of artificial intelligence (AI)-driven measurement solution, has been partnering with a growing list of top retailers. Since 1999, the company has developed products such as MySizeID and recently acquired Naiz Fit to enhance customers' shopping experience by helping them find the perfect fit while driving revenue growth and reducing costs for its business clients. MySize says it is helping fashion brands and retailers use AI to create virtual try-on experiences. Now, customers can use their smartphones to create a profile and then virtually try on different clothing items. Top Fashion Brands Are Using MySize Technology Interestingly, some big brands have adopted MySize AI-driven measurement solutions to enhance customer experience while maximizing profits, serving as a testament to the quality of their product. In May last year, Denim brand Levi Strauss & Co. (NYSE: LEVI) revealed that it was adding more digital tools like MySize technology to help customers find the right size jeans as part of its mandate to grow direct-to-consumer sales. The company said it would implement two new digital fit features to its site: a predictive fit algorithm and a photo bank of products on people of different body types. Forint S.p.a., a leading Italian maker of uniforms for customers including the Vatican, Italy’s Presidency, and the Senate, in December 2022, selected the MySizeID sizing solution for its business. The company said it would offer MySizeID to all its business-to-business customers, providing a smarter and easier way to interact, resulting in a seamless experience and more accurate service. Another company that has adopted MySize's technology is Estudio de Moda SAS, a leading Colombia-based retail company with a portfolio of brands, including Diesel, Celio, Superdry PLC (LON: SDRY), Marithe François Girbaud, and Replay. The company announced on January 5 this year it will implement MySizeID sizing solution on its Diesel Colombia e-commerce site. Apart from the announcements mentioned above, MySize has entered into agreements with Temperley London, a luxury British fashion brand, and 7 For All Mankind (Brazil), a premium global clothing brand, to license its MySizeID apparel sizing solution. Also, after a year of proven success with Levi Strauss & Co. Turkey (Levi's Turkey), Dockers (Turkey) decided to integrate MySize's proprietary AI-driven sizing technology solution. According to the company, the successful integration of the MySizeID widget has reduced return rates for a subsidiary of the world's global leader in jeans wear. MySize believes that its technology, compared to others, can provide several advantages to consumers — especially including a better fit the first time — and retailers, who can save money because returns are reduced. People are also more likely to buy more when they are confident about fit. The technology also benefits the environment as it reduces waste associated with returns, carbon footprint, and clothing being discarded. This article was originally published on Benzinga here. MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) is an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients. Orgad, its online retailer platform, has expertise in e-commerce, supply chain, and technology operating as a third-party seller on Amazon.com and other sites. MySize recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout. FirstLook Smart Mirror extends MySize's reach into physical stores and is expected to contribute to revenues through unit sales and recurring service fees.MySize has developed a unique measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries. This proprietary measurement technology is driven by several algorithms that are able to calculate and record measurements in a variety of novel ways. To learn more about MySize, please visit our website: www.mysizeid.com. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Or Kles, CFO ir@mysizeid.com Company Website https://mysizeid.com

February 28, 2023 09:00 AM Eastern Standard Time

AI Can Now Create Customizable Recipes – Here’s How A Robotic Food Automation Company Has Been Using AI To Become An Industry Leader

Blendid

By Faith Ashmore, Benzinga Interested in investing in Blendid’s campaign? Click here to get started! Artificial Intelligence (AI) technology is quickly proving to be a driver of innovation and efficiency and is fast becoming a normal part of life. In November 2022, tech and news outlet CNET started using AI to write financial articles. The articles were so well-written that the vast majority of the public didn’t realize until a tweet went viral. AI technology is rapidly expanding, and some companies like Blendid have looked to ensure they are ahead of the curve, having made early deployments of AI in their solutions. Whether for restaurant owners or at-home cooks, finding or creating the perfect recipe is a big undertaking. Not only do they have to craft a perfect blend of flavors, but they also have to figure out what they and their customers enjoy. Now imagine they are able to find the best recipes possible for their needs, but they didn’t have to do any of the hard work of producing them. Blendid is looking to revolutionize the game by doing just that, leveraging AI to produce better solutions. The company uses AI technology to create the most appealing recipes for its consumers. Blendid is a robotic and AI-enabled food automation solution company; it currently operates fully autonomous robotic kiosks for smoothies. By using consumer data from purchase behavior, ratings and reviews, and questionnaires, Blendid’s AI system is able to create the best recipes to put on a menu for a particular location. One of the company's best-selling drinks, Sunrise.ai, was crafted completely by AI! Blendid has even gone one step further and is developing a feature to use AI to create customized individual recipes. While this feature is currently only available at the lab, the company is seeing incredible feedback from test subjects and is looking forward to bringing it to the public in the near future. This feature could be especially groundbreaking because it will allow the robot-automated kiosks to create curated recipes for consumers that appeal to their taste preferences while taking into account any allergies and dietary restrictions. In the future, Blendid plans to align its AI-driven recipes with consumers’ personal microbiomes, satisfying both the gut and their taste palate. Blendid reports that its technology-driven model is performing extremely well. In combination with kiosks that can operate 24/7, consumers have access to healthy and personalized food around the clock while the company is able to maintain low operational costs and high margins. Blendid kiosks operate in universities, travel centers, retail stores, and hospitals across the country. The company most recently saw a 267% year-over-year revenue increase. Blendid is currently hosting a raise to expand its concept further. The company is currently working on expanding to a dozen additional geographies in the near future and has 500+ kiosks in contract. Previously, they raised more than $26 million. Interested in investing and being a part of their growth story? Click here to read more about Blendid’s raise and how to invest! This article was originally published on Benzinga here. Sunnyvale-based Blendid is revolutionizing the future of food service with its proprietary food automation platform (foodOS™), which efficiently and safely prepares and serves a range of healthy, fresh, and delicious food. A pioneer of the future of food service, Blendid's first concept in the market is an autonomous, contactless kiosk that uses robotics, machine vision, artificial intelligence, and healthy ingredients to create delicious smoothies that are customized to meet the unique health and dietary preferences of each consumer. Founded in 2015 by seasoned Silicon Valley entrepreneurs Vipin Jain, Venki Avalur, and Vijay Dodd, Blendid is improving the consumer experience by offering safe, cost-effective, and personalized food on-demand, while also reducing complexities and costs for the operators. Blendid has raised more $20M to date from a mix of venture and crowdfunding investors and is currently raising its Series B investment round. Visit www.startengine.com/blendid for more information and to invest in the future of food service automation. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. The preceding post was written and/or published as a collaboration between Benzingaâs in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuerâs securities. This content is for informational purposes only and is not intended to be investing advice. This is a paid ad. Please see 17b disclosure linked in the campaign page for more information. Contact Details Erica Camilo 344130@email4pr.com Company Website http://www.blendid.com

February 28, 2023 09:00 AM Eastern Standard Time

CleverTap’s Fintech Benchmark Report: Only 1 in 5 users that install fintech apps sign up within week one

CleverTap

CleverTap, the modern integrated retention cloud, released its Industry Benchmark Report for Fintech Apps 2022. As fintech apps continue to grow more popular, the number of players vying for market share has increased. This has subsequently reduced customer retention and “stickiness” for any one brand. Therefore, today more than ever, it is crucial that fintech companies find ways to drive customer “stickiness” by engaging users in effective ways that eventually drive transactions and fuel growth. The report reflects data collected from Asia-Pacific, Europe, India, Latin America, Middle-East, and North America. The report gives marketers a truly holistic view of key metrics within the fintech app landscape.It also spans a wide variety of fintech apps, including, but not limited to, mobile payment apps, cryptocurrency, and block chain services, along with banking and insurance among others. These insights will not only serve as a helpful starting point for developing successful engagement strategies, but also assist in understanding how an app fares in comparison to global averages. Some of the key metrics in the report include: Install to sign-up rate: Only 1 in 5 users that install fintech apps (21%) end up signing up within the first week. Average time to sign-up: 70% of the users that sign-up, do so within 75 seconds of launching the app for the first time. Sign-up to conversion rate: 95% of newly signed-up users make at least one financial transaction in the first month. Average time to convert: 76% of newly signed-up users move from onboarding to deeper-in-the-funnel engagement within an average of 7 days. Session frequency: On average, fintech app users launch their app around 11 times a month. Average repeat transaction rate for new users: 15% of newly signed-up users complete more than one transaction in the first week. Average click-through rate for push notifications: On average, 9% of Android users and 6% of iOS users will click on and interact with push notifications. Average click-through rate for in-app notifications: The click-through rate for in-app notifications is 24%, that’s about 3 times more than that of push notifications. Average email open rate: 34% users open emails sent by fintech companies Average Stickiness Quotient: Fintech apps enjoy a stickiness quotient of 22%, that indicates nearly one-quarter of MAUs consistently return to their fintech apps “The fintech industry has seen exponential growth in the last few years. Given the relentless competition within the space, fintech platforms need to step up their Omnichannel engagement efforts to better retain customers,” said Jacob Joseph, VP-Data Science, CleverTap. “The benchmark metrics laid out in our report provide a great starting point for growth marketers looking to develop effective marketing strategies. They will be able to compare numbers against global averages and pinpoint which aspects they are excelling at and which areas could use some attention or innovation.” 95% of new fintech users complete a monetary transaction in the first month. This shows that while users see value in fintech apps, it’s important to adopt customized user engagement strategies to boost retention on the platform. Today there is a real need for fintech brands to bake-in effective marketing strategies within their apps. Users will remain responsive as long as the experience is engaging and seamless. The benchmark report helps fintech apps understand how to build successful mobile communication campaigns, and also allows growth marketers to discover areas that require greater focus. The report can be downloaded here. About CleverTap CleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product. The platform is powered by TesseractDB™ - the world’s first purpose-built database for customer engagement, offering both speed and economies of scale. CleverTap is trusted by 2000 customers, including Gojek, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa Johns, and Tesco. Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter. Forward-Looking Statements Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

February 27, 2023 02:51 PM Eastern Standard Time

HomeRoots Partners with Kuehne+Nagel to streamline Transportation and Fulfilment Options for Customers

Homeroots

FEB 27, 2022 – HomeRoots, a B2B e-commerce furniture and home decor platform, announced today that it has formed a partnership with Kuehne+Nagel, one of the world’s largest freight forwarding company. This partnership will allow HomeRoots’ customers to purchase competitive container and air freight services that include a comprehensive one-stop solution to quoting, booking, and tracking freight services. This partnership will help facilitate HomeRoots need for speed in getting goods to market, but also helps HomeRoots offer low carbon shipment options for a more sustainable future. “Our customers, especially mid-size independent hoteliers expect more efficient ways to purchase Furniture, Fixtures and Equipment. They want a B2B online experience that is just like shopping for their own homes. Collaborating with HomeRoots allows Kuehne+Nagel to take a boutique logistics service offering to next level, while increasing opportunities for HomeRoots beyond the typical retail business.” says Holger Altvater; Global Head of Hospitality Logistics. Gil Bar-Lev, CEO of HomeRoots said that “HomeRoots' partnership with Kuehne-Nagel puts the two companies ahead of the competition. There are very few selling platforms that provide logistics solutions on such a scale. The opportunity to work with Kuehne-Nagel is exciting for multiple reasons. HomeRoots' partners will be able to benefit from efficient logistics solutions via Kuehne+Nagel solid network, its leading market position and sustainable product portfolio.” This also allows manufacturers and factories that did not have the capabilities or the know-how, to enter the U.S. market. Conversely, Kuehne+Nagel existing customers who are currently importing furniture and home décor items will can collaborate with an even larger sector of customers that includes HomeRoots ever growing U.S. based sales channel of customers. According to Reuters, 70% of U.S. economic activity results in merchandise derived from ocean container shipments. Many of these shipments are plagued with difficulties, delays, and lack of transparency that make international exchange difficult. Bar-Lev said “Our goal is for our customers who order containers to be able to do so by adding items to their cart on the HomeRoots platform and completing checkout like the end consumer ordering grocery items. The existing process which is highly complex and high touch will be completely transformed. This is a real game-changer.” “Kuehne+Nagel allows us to bring direct access to the next evolution of premier freight service and options to our customers and suppliers” said Diane Narwid, VP of Merchandising from HomeRoots. We relish the opportunity to help ease the pain points our customers and factories might be experiencing in terms of getting goods safely, quickly, and competitively into the US. This partnership will play a valuable role in allowing HomeRoots to be the ultimate one-stop-shop for B2B online sales of furniture and home decor products, but also open doors to additional industry and logistics brokering opportunities. About Kuehne+Nagel With over 80,000 employees at almost 1,300 locations in over 100 countries, the Kuehne+Nagel Group is one of the world's leading logistics companies. Its strong market position lies in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions. About HomeRoots HomeRoots is the market leader in B2B sales of Furniture, Home Decor, Rugs, & Lighting products. HomeRoots offers an ever-growing e-catalog of products IN STOCK and ready to ship to your location or direct to your customer. HomeRoots customers range from interior designers and hospitality projects to small and large e-commerce/brick and mortar retailers. HomeRoots mission is to offer an unparalleled breadth of assortment at competitive pricing and to make the B2B online shopping experience as easy as the B2C online shopping experience. For more information, please visit https://www.homeroots.co/ Contact Details HomeRoots Diane Narwid +1 862-203-8249 contactus@homeroots.co Company Website https://www.homeroots.co/

February 27, 2023 11:38 AM Eastern Standard Time

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