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DonorsTrust Givers Recommended $126 Million in First Seven Months of 2022

Donors Trust

The DonorsTrust community of givers during the first seven months of 2022 recommended more than $126 million to nearly 2,000 unique nationwide charities, defying historical rates of inflation and ongoing market volatility. While this 11% increase in YTD charitable dollars is significant, the total number of grant requests is up a whopping 49% compared to the same time period last year, suggesting the DonorsTrust client community is spreading more dollars among more institutions. As DonorsTrust President and CEO Lawson Bader says, “The sheer volume of grant requests so far from our community of givers is a reflection of the historic number of new accounts opened with DonorsTrust during 2021 and 2022. “What’s more, the pace at which our donors are meeting charitable needs is evidence of an engaged, serious community of givers that understands nonprofits need more financial assistance to make ends meet during these turbulent economic times.” Grant-making accelerates year-over-year despite market pressures In 2021, DonorsTrust paid out nearly $190 million to charities nationwide and—if giving continues to keep pace with the first half of 2022—it will end the year easily exceeding last year’s record-breaking total. DonorsTrust givers are stepping up to meet needs even though the S&P 500 has declined 20% YTD, the index’s worst six months in more than 50 years, according to CNBC. Other major stock indexes like the Dow and the Nasdaq were down 15% and 30%, respectively, in the first half of 2022. Donor-advised funds, also known as charitable-giving accounts, offer some shelter from the turbulent markets, however, as the charitable tool enables givers to claim an immediate tax deduction for each irrevocable donation made to their donor-advised fund, also known as a charitable-giving account. Donors respond to war in Ukraine, policy challenges at home During the first half of 2022—in partnership with the Atlas Network, a global network of think tanks that work to secure economic and personal freedom for all individuals—DonorsTrust’s donors responded to the Ukrainian crisis by raising more than $2.5 million and counting for life-saving supplies. DonorsTrust Vice President Peter Lipsett earlier this year interviewed Dr. Tom Palmer, executive vice president for international programs at Atlas Network, about the relief missions Palmer personally conducted, delivering supplies from a Polish base and coordinating travel for those fleeing Ukraine. “[Ukrainians] are committed, not merely to repelling [Russian] aggression, but to doing it because they want a free society. They want to live with freedom of speech and free markets and the ability to live your own life as you want and not as someone commands you to live,” says Palmer. In addition to funding relief efforts in Ukraine, clients’ giving in the first seven months of the year focused heavily on grant-making to policy organizations that preserve and protect civil liberties. More than $85 million in the first seven months of 2022 went to policy-focused charities, including State Policy Network, the Foundation for Government Accountability and the Constitutional Defense Fund. ### About DonorsTrust DonorsTrust is a mission-focused donor-advised-fund provider that primarily serves conservative and libertarian givers. Established in 1999 as a 501(c)(3) public charity, DonorsTrust is a community of donors devoted to creating a better future for all. DonorsTrust supports charities it believes protect constitutional liberties and strengthens civil society through private institutions and initiatives. Since its inception, DonorsTrust has granted nearly $2 billion to more than 4,000 charities in the arts and sciences, education, public policy, religion, and social services. Contact Details Dan Rene +1 202-329-8357 daniel.rene@kglobal.com Company Website https://www.donorstrust.org/

August 15, 2022 02:30 PM Eastern Daylight Time

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New Velocity Global Report Guides Businesses on How to Meet Evolving Talent Demands

Velocity Global

Velocity Global, the leading provider of global talent solutions, today released a roadmap for businesses titled “ The Future of Work: What Talent Wants.” The research-based guide, led by veteran talent leader Kokoro Robinson and his team, highlights the ever-changing global workforce and what it takes to effectively retain talent despite seismic shifts. According to The U.S. Bureau of Labor Statistics, 4.5 million workers quit their jobs in March 2022 — a record-setting number suggesting that traditional ways of working are no longer viable. The impact of the Great Resignation is also felt globally, with record numbers of resignations in countries around the world. Velocity Global continues to work with employers to address the changing needs of employees that underlie these trends and to attract the world’s top talent. The report details how a distributed workforce is a practical solution to help companies meet talent expectations and address the three benefits most sought-after by employees: flexibility, remote work, and a better life-work balance. A geographically distributed workforce fosters productivity, stability, and the opportunity to hire top talent remotely. In a recent Velocity Global report that surveyed 1,000 tech leaders across the U.S. and U.K., 40% of employers reported being able to hire top talent by implementing a distributed workforce and 54% of employers reported a boost in productivity as a result. “Talent has always been seeking ways to take control over their professional and personal lives,” said Kokoro Robinson, vice president of talent acquisition. “The pandemic may have precipitated the speed at which this transformation occurred, but it was only a matter of time. Expectations have changed, and people long for the integration of happiness into their careers. If companies are going to compete in this new talent marketplace, they need to successfully adapt to these changes to achieve long-term prosperity.” “The Future of Work: What Talent Wants” brings exclusive insight backed by research, client intelligence, and tried-and-true best practices to help employers find and retain talent. As resignation rates remain high, companies can become top-tier destinations for talent by providing them with once-in-a-lifetime employment experiences that fit into their personal lives. Velocity Global can help companies seize this unique moment to bring the world’s best talent to their teams. To receive a free copy of the guide, click here. About Velocity Global Velocity Global accelerates the future of work for anyone, anywhere, anyhow. Its Global Work Platform™ simplifies the employer and talent experience through its proprietary cloud-based talent management technology, backed by personalized expertise and unmatched global scale. With talent solutions in more than 185 countries and all 50 United States, the platform combines global Employer of Record and Contractor Management to onboard, manage, and pay talent worldwide. Thousands of brands rely on Velocity Global to build distributed teams without the cost or complexity of setting up foreign legal entities or state registrations. Velocity Global was named a “Leader” in Global Employer of Record services by prominent analyst firm NelsonHall. Founded in 2014, the company has hundreds of employees across six continents. For more information, visit velocityglobal.com. Contact Details Velocity Global Janessa Rivera +1 720-650-4348 news@velocityglobal.com Company Website https://velocityglobal.com/

August 15, 2022 07:00 AM Mountain Daylight Time

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Have We Seen The Beginning Of The End Of Data Privacy In The European Union?

Benzinga

With the goal of protecting the European Union (EU) from child pornographers and other unsavory and illegal activity, the Digital Services Act, a regulatory act aimed at making the internet a safer place, is on its way to cracking down on Big Tech. Big Tech Could Be Facing Big Fines If Companies Don’t Comply Beginning in 2024, the new EU law will fine companies like Alphabet Inc. ’s (NASDAQ: GOOGL) Google, Meta Platform Inc. ’s (NASDAQ: META), Facebook and WhatsApp, Twitter Inc. (NYSE: TWTR) and Apple Inc. (NASDAQ: AAPL) up to 6% of their global revenue if they are caught violating the strict new rules. Companies like Meta could be looking at fines as high as $7 billion if it decides to ignore the new rules. Companies with repeat violations could eventually be banned from doing business in the EU. The law is a means of cracking down on advertising aimed at children as well as ads that target private information such as religion, gender and political opinions. The rules also give EU governmental entities the right to take down what they deem as illegal content, including any viewed as promoting terrorism, child sex abuse, hate speech or commercial scams. Additionally, online retailers such as Amazon.com Inc. (NASDAQ: AMZN) must adhere to the law by implementing similar protections for what governments view as suspect products, such as counterfeit items or unsafe children’s toys. The EU laws follow the U.S. Justice Department and Federal Trade Commission's move to file antitrust actions against Google and Facebook. In a statement released by Google, the company says, “As the (EU) law is finalized and implemented, the details will matter. We look forward to working with policymakers to get the remaining technical details right to ensure the law works for everyone.” Swiss - Hosted Privacy Company Rolls Out EU Regulation-Immune Chat Tool Alain Ghiai, CEO at Swiss-hosted privacy and cybersecurity company Sekur Private Data Ltd. (OTCQX: SWISF), is among those skeptical of the new laws on Big Tech's effect and intent. He sees the law as a government data grab. “This is not unlike China, where everything you do and post online is public property of the EU government, which will be scanning everything. When people use free (chat) applications like WhatsApp, Gmail and Signal and others, they basically force those providers to give them that information,” he said. “The question is whether what they’re doing is pure intent, or is there something else behind it? A lot of people think the new EU regulations are a new way to exercise full control over people’s privacy, and they’re very angry about it.” Taking advantage of the concern with EU government entities snooping on chat and email, Ghiai has been making the media rounds discussing his company’s newest encrypted feature on SekurMessenger, "Chat-by-Invite". The chat tool is Sekur ’s latest instant-messaging tool, letting Sekur users invite non-Sekur users by sending a SMS notification invite, and is now available in 25 countries, covering a population of 1.18 billion people, including SMS invite notifications coverage in the U.S., Canada, Switzerland, Australia, New Zealand, Singapore and most of Latin America and Europe. It says it gives subscribers complete privacy to chat with non-Sekur users, without the non-Sekur users having to register to, or download, Sekur. Chat-by-Invite reports that it protects Sekur subscribers’ instant messages which, when sent to a recipient, open into a private, secure platform hosted in Switzerland, through its proprietary HeliX connection. The chat is essentially occurring on Swiss servers owned and controlled by Sekur. Sekur says that once the instant messaging is completed, the messages disappear and hackers will be unaware of the conversation because of Sekur’s highly private and secure encrypted military technology, which is operating behind it. Though the country pays annual fees to do business with the EU, Switzerland is still independent of the union and is believed to have some of the best and strictest data privacy laws in the world. “Thank God, we’re in Switzerland, and we don’t have such a law (like the EU),” Ghiai said. “It’s not just that the government can go in and read your stuff. The danger is what happens when they get hacked?” With Sekur, there is no direct messaging on open-source platforms, making them invulnerable to cybersecurity breaches. The company reports it has developed or is rolling out products including SekurMail, SekurMessenger, SekurVPN, SekurVoice and SekurPro video conferencing, among others. The SekurMessenger with Chat-by-Invite app is now available on any web browsers, on iOS and Android. For more information on Sekur Private Data, go to https://sekurprivatedata.com. For more information on Sekur solutions, go to https://www.sekur.com. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 11, 2022 09:55 AM Eastern Daylight Time

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This E-Commerce-Focused Holding Company Reports Taking Advantage Of E-Commerce Growth In The Philippines

Society Pass Incorporated

E-commerce dates to 1948 during the Berlin Blockade crisis when people ordered goods via telex. The debut of the World Wide Web in 1991 and the development of a web browser in 1993 shifted e-commerce from telex to the internet. The global increase in smartphones and the accessibility of fast internet connectivity over the years has significantly accelerated the growth of the industry, as more people can purchase goods via mobile devices such as tablets and even wearables. China, home of Alibaba Group Holding Ltd. (NYSE: BABA) and the U.S., where Amazon.com Inc. (NASDAQ: AMZN) and eBay Inc. (NASDAQ: EBAY) reside, have been the top countries where e-commerce has grown at a healthy rate. But things might be changing. Southeast Asia is expected to experience the largest worldwide growth in e-commerce with an increase of 20.6% in 2022, according to Insider Intelligence. Only four countries, including the Philippines, will surpass the combined growth rate of Southeast Asia. E-Commerce In The ICT Hub Of Asia The Philippines — dubbed the information and communications technology (ICT) hub of Asia — ranks first in 2022 e-commerce sales, surpassing the U.S. by 10%. E-commerce in the Philippines has grown from $6.78 billion in 2017 to nearly $21 billion in 2022, with expectations of reaching $32.7 billion in 2025. Consumer preference for shopping online and the increasing internet penetration are behind the growth in e-commerce sales in the Philippines, where people spend an average of 10 hours per day online. The government also has taken various initiatives to bolster the sector. The Philippine E-commerce Roadmap 2022 was launched in January 2021 to encourage the use of e-commerce by small and medium enterprises (SMEs) and increase online shopping confidence. "Rising consumer preference for online shopping, the increasing number of online merchants, proliferation of alternative payment solutions and government support will support e-commerce sales in the Philippines. The market is forecasted to grow at a compound annual growth rate of 17% over the next five years," Global Data Banking and Payments Senior Analyst Shivani Gupta said. The Fastest Growing E-Commerce Model? In addition to buying and selling goods on leading platforms such as Lazada and Sea Ltd. ’s (NYSE: SE) Shopee Philippines, Filipinos shop on social media platforms. The social commerce market is expected to reach nearly $682 million this year thanks to the growing number of people flocking to social media platforms to buy products. Companies like Belo Medical Group and Shopee Philippines are using social media platforms such as TikTok to increase sales. Penetrating The E-Commerce Market In The Philippines Society Pass Inc. (NASDAQ: SOPA) says it is on track to infiltrate the fastest-growing e-commerce market in Southeast Asia through acquisitions. Established in 2018, Society Pass (SoPa) has quickly scaled up its operations in Southeast Asia and South Asia through its e-commerce platforms and acquisitions. The company has acquired a number of companies, including the restaurant delivery app Mangan.ph, Gorilla Networks, a next-generation Web3 mobile virtual network operator, and #HOTTAB Biz, a business management platform. The acquisition of online grocery shopping and delivery platform Pushkart.ph is expected to increase SoPa’s revenue by 891% over last year. Pushkart boasts having more than 125,000 users and 20,000 mobile app downloads. Pushkart is looking to expand its presence beyond metro Manila. The company recently announced plans to expand in cities across the Cavite and Pampanga provinces, which have a population of over 6 million people. Pushkart President and CEO Michael Lim said this is the beginning of the company’s goal to expand to other parts of the country and across Southeast Asia. Sopa recently acquired Mangan.ph (“Mangan”), the leading local restaurant delivery service in the Philippines. Founded in 2017, Mangan delivers restaurant food from over 1,200 partner restaurants through its over 200 rider network to its over 500,000 registered users. Thus far, Mangan has generated more than 100,000 mobile app downloads and accumulated over 80,000 social media followers. Operating in Pampanga, the culinary capital of the Philippines, Mangan’s geographic reach extends to 16 other cities including Angeles City, San Fernando, Clark, Dau, Mabalacat, Guagua, Lubao, Tarlac, Bataan, Magalang, Pasig, Cabanatuan, Baguio, Lipa Batangas, Antipolo City, Dagupan City. The newly acquired business will be integrated into SoPa’s F&B vertical, Push Delivery Pte Ltd, along with Pushkart and #HOTTAB. ​​ As a loyalty and data marketing ecosystem, Society Pass operates multiple e-commerce platforms across its key markets in SEA. Its business model focuses on analysing user data through the expected launch of its Society Pass loyalty platform and circulation of its universal loyalty points, which seamlessly connects consumers and merchants across multiple product and service categories to foster organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its consumers, merchants, and acquisitions.Society Pass provides merchants with #HOTTAB Biz and #HOTTAB POS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user profile analytics, and convenient financial support packages for small and medium-sized enterprises.In addition, SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, Handycart.vn, a leading online restaurant delivery service based in Hanoi, Vietnam, and Gorilla Networks, a Singapore-based, blockchain/web3-enabled mobile virtual network operator.For more information, please check out: http://thesocietypass.com/. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Dennis Nguyen: Founder, Chairman & CEO +1 877-440-9464 dennis@thesocietypass.com Company Website https://thesocietypass.com

August 10, 2022 03:05 PM Eastern Daylight Time

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Volatus Aerospace Obtains Industry First Special Flight Operations Certificate for Beyond Visual Line of Sight Operations without a Visual Observer

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce that it is the first company in Canada to receive a Beyond Visual Line Of Sight ("BVLOS") Special Flight Operations Certificate (SFOC) from Transport Canada to operate a remotely piloted aircraft (RPAS, drone) without a visual observer, using a ground-based optical detect and avoid system. This is a key milestone in the commercialization of the AERIEPORT nesting station and a necessary and important step toward commercializing drone technologies at scale in Canada. Volatus is experienced in BVLOS operations and currently holds authorization to conduct BVLOS training at several locations across Canada. This new SFOC will enable Volatus Aerospace to remotely pilot a Volatus M300 drone integrated with FlightOps’ remote operations software and a CASIA G Optical Detect and Avoid system from IRIS Automation at the Lake Simcoe Regional Airport. “An SFOC is an authorization, usually on a one-time, single location, or risk level basis given by Transport Canada to operate above and beyond current regulations,” explained Richard Podolski, VP of Flight Operations for Volatus Aerospace. “It’s a very well regulated and safety-oriented method for developing new functionality in an industry or accomplishing what nobody thought to write rules for.” “For drone technology to be successful long-term, it needs to improve upon current methods and applications, be affordable, and scalable,” stated Glen Lynch, CEO of Volatus Aerospace. “Today’s achievement has broken through a major barrier and opened the door to commercial opportunities that have only been dreamed about but until today have been just out of reach. Remote operations beyond visual line of sight are now a reality for Volatus. Commercialization begins now.” About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, Latin America and most recently in Europe. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

August 10, 2022 12:29 PM Eastern Daylight Time

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CleverTap Raises US$105M in Series D Funding Round Led by CDPQ

CleverTap

CleverTap, a leading global B2B SaaS platform for customer engagement and retention today announced it has signed definitive agreements to raise US$105M in a Series D funding round led by CDPQ, a global investment group who committed US$75M, with participation from IIFL AMC’s Tech Fund, along with existing investors Tiger Global and Sequoia India. The funds will be used to support CleverTap’s global expansion and enhance the development of its world-class solutions and technology. Founded in Mumbai in 2013 and headquartered in Mountain View, California, CleverTap’s customer engagement and retention SaaS platform leverages machine learning and artificial intelligence to offer a comprehensive user engagement suite that enables brands to build valuable, long-term relationships with their customers. CleverTap’s subscription-based solution has been adopted by a loyal customer base of 1,200 brands in 100 countries representing 10,000 apps across industries including Fintech, eCommerce, Subscription, On Demand, and Streaming media. In June 2022, CleverTap completed the acquisition of San Francisco-based Leanplum, a leading multi-channel customer engagement platform, further strengthening its footprint in North America and Europe. In the same month, it also unveiled TesseractDB™, the world’s first purpose-built database designed to dramatically improve user engagement and retention for digital consumer brands. “Our vision has been to reshape the way businesses engage with their consumers and bring the tech to MarTech. The addition of long-term investors CDPQ and IIFL AMC Tech fund to CleverTap’s existing backers, Sequoia India, Accel, Tiger Global, and Recruit Holdings is a great endorsement of the successful business we have built, the innovation we bring to the market and the growth potential CleverTap holds,” said Sunil Thomas, Co-founder and Executive Chairman, CleverTap. “The fresh funds will help fuel our plans to further strengthen our presence in key geographies and expand our teams. The last few months have been quite exciting for us with the Leanplum acquisition and unveiling of TesseractDB™. And now with the new institutional investors coming on board we have all that we need to grow at a faster rate while consolidating our position as the global leader in the retention space.” “CleverTap has established itself as a partner of choice for its clients by helping them generate significant incremental revenue. Its subscription-based platform offers a single and reliable source of information that allows brands to maximize the lifetime value of their existing customers by engaging them in a highly personalized way” said Martin Laguerre, Executive Vice-President and Head of Private Equity, CDPQ. “As consumer brands are increasingly focused on customer retention and prioritize tools offering tangible return on investment, we believe CleverTap is well positioned to maintain its global growth trajectory and help more businesses enhance their customer experience.” “CleverTap is a fast-growing SaaS company that not only has recurring revenue streams and top tier financial metrics, but also a scalable business model with large addressable markets” added Meng Ann Lim, Managing Director, Direct Private Equity for Asia Pacific, CDPQ. “This investment is in line with our strategy to work with innovative companies that enable rapid digital transformation, especially in the Asia-Pacific region where high smartphone penetration is facilitating the digitalization of the economy at a rapid pace.” “Enterprises are increasingly looking to engage with customers in a real time and in a personalized manner across digital channels. CleverTap’s full stack approach to customer engagement allows them to perform user analytics and run personalized customer campaigns on a real-time basis which enables companies to improve user retention and understand user journeys across channels” said Chetan Naik, Fund Manager and Senior Executive Vice-President, Private Equity at IIFL AMC. “CleverTap has built a unique product suite and analytics capabilities that runs over a proprietary database. CleverTap is one of the fastest growing SaaS companies with best-in-class revenue retention rates. We are excited to partner with them in their journey of creating a leading global customer retention platform out of India.” “The latest fundraise reaffirms customer and market belief in CleverTap and our growth potential. This fundraise will help us elevate our growth trajectory and further enable us to innovate better and faster while staying ahead of the curve,” said Sidharth Malik, Chief Executive Officer, CleverTap. “The paradigms of user engagement are changing, and as industry leaders we are best positioned to help businesses adapt to this ever-evolving consumer landscape. Our recent acquisitions helped us expand our foothold in North America and Europe, and enhance our leadership in verticals such as on-demand and subscription.” As part of the transaction, CDPQ will join CleverTap’s Board of Directors upon closure of this funding round. IIFL AMC’s investment is subject to approval from Securities and Exchange Board of India (SEBI). ABOUT CLEVERTAP CleverTap is the World’s No.1 retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. CleverTap drives contextual individualization with the help of a unified and deep data layer, AI/ML-powered insights, and automation enabling brands to offer hyper-personalized and delightful experiences to their customers. 1,200 customers in 100 countries and 10,000 apps, including Gojek, ShopX, Canon, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco, trust CleverTap to achieve their retention and engagement goals, growing their long-term revenue. Backed by leading investors such as Sequoia India, Tiger Global, Accel, CDPQ, IIFL and Recruit Holdings, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, Sofia, São Paulo, Bogota, Amsterdam, Jakarta, and Dubai. For more information, visit clevertap.com or follow on LinkedIn and Twitter. ABOUT CDPQ At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2021, CDPQ’s net assets totalled CAD 419.8 billion. For more information, visit cdpq.com, follow us on Twitter or consult our Facebook or LinkedIn pages. CDPQ is a registered trademark owned by Caisse de dépôt et placement du Québec and licensed for use by its subsidiaries. ABOUT IIFL AMC IIFL Asset Management (IIFL AMC) is a part of IIFL Wealth and Asset Management. IIFL AMC is an alternates-focused asset management and has been playing a pivotal role in the growth of the AIF industry in India. A disciplined and active management approach combined with research-led strategies allows IIFL AMC to tap into India’s potential for delivering on its commitments and long-term growth. The AMC’s diversified suite of mutual funds, PMS, alternative investment funds, credit funds and venture capital funds span public and private equities as well as fixed income securities and real estate. IIFL AMC’s distinctive products bring out the entrepreneurial edge, agility and speed of execution of a boutique asset management business, while providing gold standards of corporate governance of a large corporation with a long-term focus. 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 with the information and/or statements in this press release or any related damages. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

August 10, 2022 11:49 AM Eastern Daylight Time

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Assembly Hires Gaby Sethi as Global Head of Impact

Assembly

Global omnichannel agency and Ad Age Purpose-Led Agency of the Year, Assembly, has brought on Gaby Sethi as our new Global Head of Impact. Gaby will strengthen the agency’s social and environmental impact proposition and lead a comprehensive strategy globally to deliver meaningful and measurable impact, with a key initiative being the agency’s achievement of B Corp certification. Gaby joins Assembly with an impressive background in the impact space, having most recently led OVO Foundation, the philanthropic arm of OVO Energy. With Purpose – inclusive of People, Impact, and BI E&D (Belonging, Inclusion, Equity, Diversity) – being a key aspect of Assembly’s global approach, the role is critical to the agency’s ability to drive meaningful change for all stakeholders, all around the world. On joining Assembly, Gaby shared, “I loved that delivering impact and supporting communities was already core to Assembly’s DNA. And at just a few weeks in, I already feel incredibly supported by leadership and the whole agency, as I set out to shape a new vision for Impact.” “It’s proof that Assembly is genuinely committed to being a purposeful business.” Assembly started off 2022 as Ad Age’s first-ever Purpose-Led Agency of the Year, a recognition gained in celebration of the agency’s global 1,200 Moves for Impact completed in 2021, led by former Head of Impact Hanna Kubbutat-Byrne, as well as our dynamic work with clients which placed sustainability at the heart of media strategy and execution. The goal, looking forward, is to build a more connected community globally who are driving toward common sustainability and social impact goals, in addition to investing in strategic partnerships and developing new ways to engage clients in the agency’s impact efforts. Gaby added, “Assembly are total experts in growing the world’s largest brands. We have an important opportunity to work with clients who are, likewise, purpose-led and are helping create solutions to the world’s biggest problems. Together alongside our clients, we can achieve exponential impact.” Global CEO of Assembly, James Townsend, commented, “We have huge strides to make, in an environment where both our talent and clients are asking us to commit to and deliver positive environmental and social impact. Gaby will help us more clearly define and evolve our ways of working to ensure we can meet our goals, while keeping purpose at the core of our progressive company.” ABOUT ASSEMBLY: Assembly is made of the ingredients of the modern agency, bringing together data, talent, and technology to deliver a connected set of solutions for media + more to the best brands on the planet. We’re home to more than 1,600 of the industry’s top talent, who bring unmatched global omnichannel media expertise + data, technology, and business consulting capabilities that find change and fuel growth for brands worldwide. Assembly is a proud member of Stagwell, the challenger network built to transform marketing. Visit www.assemblyglobal.com for more information. Contact Details Assembly Sara Pollack, VP of Marketing +1 917-438-4922 sara.pollack@assemblyglobal.com Company Website https://www.assemblyglobal.com/

August 10, 2022 04:00 AM Eastern Daylight Time

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EUCAST Engages Castle Placement in Private Equity Offering

EUCAST

EUCAST Global, an advanced wireless LTE, CBRS, and 5G telecommunication company announced it has engaged Castle Placement to lead its capital raising initiative. EUCAST provides wireless communication systems that allow users to access the internet whenever and wherever they want. Its advanced equipment, comprising base stations, application servers, core network, and network management systems, allows users in remote and underserved communities to access the internet. EUCAST also provides private network solutions for businesses that share confidential information and digital twin capabilities. EUCAST is working to equip private and public entities to launch private networks, expand coverage, providing high availability and low latency solutions for users and devices alike. In the private sector, EUCAST will be providing manufacturing, industrial, oil and gas, and mining industries with a turn-key complete coverage private network solution using CBRS and 5G spectrum on their sites. The company provides stationary and portable wireless communication systems that allow users to access the internet whenever and wherever they want – bridging the immediate need for digital technology without the process of installing complicated, costly, and time-consuming infrastructure tower projects or deep fiber extensions. EUCAST 5G base stations are also critical for the deployment of smart poles as part of the smart city initiatives that is happening throughout the U.S. In the public sector, EUCAST offers communication service opportunities for rural areas, including schools and medical facilities, as well as sovereign tribal communities and nations that have been largely ignored by the large telecommunication carriers. Both federal and state governments have identified the lack of broadband access as a significant problem and are deploying funds to provide digital equity in America. EUCAST recently adapted its network in a box technology for drone deployment which will allow for recovery of urgent communication capabilities in the event of emergencies or service interruptions where no communication coverage is available. “EUCAST technology is a solution for service disruptions,” Gary Sumihiro, EUCAST Executive Vice President and Board Member explained. “Our technology allows for continuous communication among users even in the event of emergencies and carrier service interruptions – with a complete network that fits into a backpack, car or ship version, and now drones. We are excited to be working with Castle Placement and bring these opportunities to expand our U.S. operations.” EUCAST is in discussions with many companies and public entities for the deployment of their technology. Castle Placement will be assisting EUCAST on its private equity offering. Specific information on investment opportunities is available here: https://castleplacement.com/portfolio/eucast-global/. “EUCAST solutions should be attractive to investors today," explained Harish Pillai at Castle Placement. “EUCAST’s proven technology solves digital equity issues and enables communications that were previously considered impossible. As more public and private sector entities engage, it is becoming abundantly clear, from farming, security, production, and emergency response, the possibilities are significant. We look forward to inviting our investors to be a part of this opportunity." EUCAST Global is part of the Colorado Smart Cities Alliance and recently announced a partnership with the University of Denver. ### About EUCAST Global EUCAST Global provides end-to-end advanced wireless access solutions including base stations, control servers and gateway, core network, network management systems, and user devices. EUCAST has been a leading force in the advanced wireless access technology marketplace for more than a decade. Please visit https://eucastglobal.com/. For more information or to schedule an interview with a Colorado-based EUCAST spokesperson, contact Dan Rene at 202-329-8357 or daniel.rene@kglobal.com. To contact EUCAST Global directly please email contact@eucastglobal.com or globalsales@eucastglobal.com. About Castle Placement: Founded in 2009, Castle Placement raises equity and debt capital for private middle-market companies across a broad spectrum of industries. Highly experienced investment bankers and a robust, data-driven, innovative technology platform - including artificial intelligence/machine learning - match great companies with global institutional investors. Castle Placement's proprietary app, CPGO, connects companies with investors in real-time. Over 600,000 accredited investors and 65,000 private equity, venture capital and strategic investors, family offices, pension funds, foundations, endowments, sovereign wealth funds, hedge funds, and lenders. For more information, please visit https://castleplacement.com/. Contact Details Dan Rene +1 202-329-8357 daniel.rene@kglobal.com Company Website http://www.eu-cast.com/

August 09, 2022 10:00 AM Eastern Daylight Time

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The Trajectory Of Growth In E-commerce In Southeast Asia — A Case Of Indonesia

Society Pass Incorporated

Countries in Southeast Asia are experiencing serious growth in e-commerce. E-commerce sales are expected to reach nearly $90 billion this year, up about $16 billion from last year, according to eMarketer. E-commerce in the region is projected to pass the $100 billion mark by 2023, a significant increase from $37.22 billion in 2019. Unlike other geographies that are forecasted to experience moderate growth, Southeast Asia might witness a 20.6% increase, the largest globally. Behind Southeast Asia is Latin America, which would be the only region to hit the 20% threshold this year. Which Countries In Particular? E-commerce sales in four countries are projected to grow faster than in all of Southeast Asia this year, and two of them — the Philippines and Indonesia — are in the region. The Philippines ranks first with a growth rate of 25.9%, while Indonesia comes third at 23%. The other countries are India with 25.5% and Brazil, which is expected to grow by 22.2%. Why Indonesia? Indonesia’s e-commerce adoption is one of the largest in the world. In 2020, up to 90% of internet users between ages 16 and 64 purchased something online. Indonesians are “among the world’s most passionate adopters of digital technology”. According to the consulting firm McKinsey & Co., an average Indonesian spends four hours per day on the internet using a handheld device — twice the time spent by a U.S. resident. With 99.15 million users, the country has the fourth-largest population of Meta Platforms Inc. ’s (NASDAQ: META) Instagram users and the largest in the Southeast Asia region. The country also is among the largest for number of Twitter Inc. (NASDAQ: TWTR) users at 18.45 million. E-commerce In Indonesia Of Indonesia’s 278.3 million people 138 million do their shopping online, according to a report by the Institute of Southern Asian Studies. The e-commerce industry accounts for 72% of the total value of the digital economy. Indonesia’s e-commerce sector is expected to reach almost $63 billion in 2022, according to Statista. By 2025, the market is projected to reach $90 billion. The e-commerce market seemingly runs on two models: e-commerce platforms such as Shopee, Tokopedia and Bukalapak and social commerce, which involves buying and selling goods on social media platforms. E-commerce platforms account for 60% of all transactions while 40% of shopping is conducted via social commerce. Society Pass Inc. (NASDAQ: SOPA) is an example of an acquisition-focused e-commerce holding company that could be looking to become the Goliath of e-commerce in Indonesia and overall Southeast Asia. The company operates in six verticals: loyalty, lifestyle, food and beverage, telecom, digital media, and travel. It reports connecting millions of consumers and merchants in the region. SoPa Rolls Out Loyalty App On June 27, SoPa announced the launch of a beta version of its loyalty app that enables customers to earn and redeem points at different retailers while building customer loyalty for merchants. The company reports that the app helps merchants generate more revenue by retaining existing customers, attracting new ones, reducing customer turnover and synching customer data through personalized advertising campaigns. “The Southeast Asian retail sector is at the cusp of a massive transformation powered by the data-driven meta economy. We designed a gorgeous user interface backed by sophisticated backend infrastructure to kickstart a virtuous cycle of revenue generation and loyalty creation, where Society Pass and Society Points generate more revenues for merchants,” SoPa Founder, Chairman and CEO Dennis Nguyen said at the launch of the beta application. SoPa reported plans to modify and integrate the app with select customers and merchants across Vietnam, Indonesia, Philippines, Thailand and Singapore in the second quarter of the year. The company expects to fully launch the app by the end of the year, when customers will be able to pay for goods and services in-store, in-app or online. As a loyalty and data marketing ecosystem, Society Pass operates multiple e-commerce platforms across its key markets in SEA. Its business model focuses on analysing user data through the expected launch of its Society Pass loyalty platform and circulation of its universal loyalty points, which seamlessly connects consumers and merchants across multiple product and service categories to foster organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its consumers, merchants, and acquisitions.Society Pass provides merchants with #HOTTAB Biz and #HOTTAB POS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user profile analytics, and convenient financial support packages for small and medium-sized enterprises.In addition, SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, Handycart.vn, a leading online restaurant delivery service based in Hanoi, Vietnam, and Gorilla Networks, a Singapore-based, blockchain/web3-enabled mobile virtual network operator.For more information, please check out: http://thesocietypass.com/. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Society Pass Dennis Nguyen: Founder, Chairman & CEO +1 877-440-9464 dennis@thesocietypass.com Company Website https://thesocietypass.com

August 08, 2022 12:43 PM Eastern Daylight Time

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