Attendees Include Senior Executives, Venture Capitalists, Entrepreneurs, Investors, and other Prominent Thought Leaders

 H.E. Hassan Al Thawadi, the Secretary General of the Supreme Committee for Delivery and Legacy, Chairman for the 2022 FIFA World Cup, to Speak About The Impact on Qatar of Hosting The World’s Greatest Sporting Event

PHOENIX, Feb. 6, 2023 — invisionAZ, the Arizona-based organization focused on            fueling the state’s technology ecosystem, and AZ-VC, the largest Arizona-centric venture capital firm, are proud to present the 6th Annual Tech Innovation Summit, taking place on February 8th, 2023, in the 17th Hole Skybox at the WM Phoenix Open.

invisionAZ aims to accelerate the growth of Arizona’s vibrant business tech ecosystem by creating, promoting, and developing the necessary frameworks to enable technology, innovation, and investment to flourish in the state.

The invitation-only Summit brings together national innovators, business executives, venture capitalists, entrepreneurs, investors, government leaders, and other prominent thought leaders, for a series of panels and fireside chats about the challenges and opportunities happening at the intersection of sports, entertainment, technology and innovation-fueled community growth. 

Among the speakers of note include H.E. Hassan Al Thawadi, the Secretary General of the Supreme Committee for Delivery and Legacy, Chairman for the 2022 FIFA World Cup, who will share his insights about hosting the world’s largest sporting event (the FIFA World Cup), the process undertaken to make it happen, and how it impacted his home country of Qatar. Additional speakers include Jack Selby, Managing Director of invisionAZ, Managing Partner of AZ-VC, and Managing Director of Thiel Capital; Katie Hobbs, Governor of Arizona; Dr. Bobby Robbins, President University of Arizona; and Joe McLean, founder Intersect Capital.

“Investing in Arizona’s technology ecosystem and partnering with its amazing entrepreneurs is a passion of mine, helping to build market leading companies that transform the state’s economy and create more opportunities for more people,” said Selby. “Bringing together Arizona’s innovation ecosystem with the world’s top minds in building nations and communities through sport and innovation, to a marquee event like WM Phoenix Open, enables Arizona to capture the world’s attention for a moment and begin to reimagine the impact that innovation, entrepreneurship, and sport can have in shaping vibrant communities.”

Sharing similar sentiments, H.E. Hassan Al Thawadi understands what goes into the growth of states and countries, as Qatar recently had their own victories when hosting the FIFA World cup. 

“I’m excited to share everything that went into hosting the FIFA World Cup, and how it positively impacted my home country and the people of Qatar,” said H.E. Hassan Al Thawadi. “I’m thrilled to partner with invisionAZ and AZ-VC to share these insights for the first time publicly and delve into what took to ensure that hosting the world’s greatest sporting event fueled the growth and development of the broader Qatari community. Speaking at the WM Phoenix Open is fitting, because it is where sports play an important role in the growth of the broader Arizona community.”

To learn more about the event, please visit www.aztechsummit.com.

About invisionAZ

invisionAZ will accelerate the growth of Arizona’s vibrant tech ecosystem by creating, promoting, and leading the framework that allows technology, innovation, and investment to flourish. The blueprint of invisionAZ was developed based on the response from leading tech experts at the 2017 AZ Tech Innovation Summit. We assembled a roadmap of real solutions to address the gaps that currently exist in Arizona’s tech ecosystem. Learn more at www.invisionaz.org. 

About AZ-VC

AZ-VC is a $110 million Series A and beyond venture capital fund based in Phoenix and focused on Arizona technology companies. The strategy is sector agnostic, and the fund aims to deploy investments between $2–5m. The fund is managed by Jack Selby, a 20-year Arizona resident and former PayPal executive. Learn more at www.azvc.com.

SOURCE AZ-VC

– US venture firms Quiet Capital and Underscore VC lead funding round 

– Cenoa’s zero-fee digital dollar product aims to serve the billions of people hit by inflation in emerging markets

SINGAPORE, Feb. 6, 2023 — Cenoa, the borderless super wallet improving access to dollar-based products in emerging markets, announces it has raised US$7 million in Seed funding. The fund raise was led by San Francisco-based venture capital firm Quiet Capital – an early backer of Robinhood; and Underscore VC – a Boston-based firm focused on backing the next generation of iconic companies at their earliest stages. Further investors include Human Capital, Ulu Ventures, Acrew Capital, and Collective Spark – who have all invested in successful well-known global neobank and fintech unicorns such as Chime, Coinbase, Brex and SoFi.

Proceeds from the fund raise will be used to grow Cenoa’s operations to expand both beyond its core product and to new markets in Latin America, Africa, Southeast Asia, and Europe. Cenoa’s product development aims to add US Dollar-based debit cards and instant money transfer within the next 18 months. Funds will also be used to hire talent across different business functions – from product development to engineering – for its fully remote global team.

With inflation soaring globally to a 40-year peak, billions of people in emerging economies are facing currency meltdowns. They are left with few options but to store savings in strong currencies like the US Dollar. In many countries, the existing financial system makes buying USD either very difficult or very expensive while offering almost no yield. Everyday people in emerging markets suffer deteriorating living standards and are neglected in a world of rising prices.

Cenoa introduces a borderless and non-bureaucratic way to access a digital dollar product without any fees and earn an inflation-resistant yield. This compares to less than 1 percent in most traditional banks, which also take hefty fees and often require paperwork for simple currency exchanges. With the US Dollar at its strongest in 20 years, and emerging markets setting the highest USD saving demand, Cenoa’s non-custodial wallet is helping users make their assets devaluation-proof and increase savings growth.  

Seçkin Çağlın, Founder and Co-CEO of Cenoa, said: 

“Cenoa offers easy access to digital dollar-based products, 100 percent designed for the everyday user. We believe in using modern technologies such as blockchain to provide one-click access to the digital dollar ecosystem to benefit the customers that need that access most – those in emerging economies lacking stable currencies like Argentina and Nigeria. People in these countries should be able to easily and affordably access US Dollars and beat inflation while saving, a function the traditional financial system has failed to provide.” 

Emre Ertan, Founder and Co-CEO of Cenoa, added: 

“We are delighted to welcome all our new investors of our US$7 million Seed fund raise, which will provide us with the necessary liquidity to scale our borderless and zero-fee product to hundreds of thousands of new users in 2023. Our successful and diligent beta-testing phase has proven to be viable for large-scale adoption, and we have received an incredible amount of customer interest – the number of users on our early access waitlist exceeds 10,000 and grows every day.”

Created as a truly global solution, Cenoa is currently available across 35 markets. While still in its beta-testing phase with 1,000 private users, the company is already fully integrated with BiLira and Transak, which connect Cenoa with the local banking systems.

Cenoa’s target for the next two years is to onboard millions of customers worldwide and bring seamless local currency to dollar conversion to users. Built on blockchain technology, its non-custodial savings solution cuts out the costs for branches, intermediary fees, and other inefficient procedures of traditional banking.

Michael Bloch, Partner at Quiet Capital, commented:

“Cenoa is on a mission to broaden access to the US financial ecosystem, which will enable billions of people around the world to safely protect & grow their wealth. As early investors in many disruptive fintech companies, we similarly see untapped, significant potential for simple & safe solutions like Cenoa that can unlock new services to the people that need them most.”

Richard Dulude, Partner at Underscore VC, commented: 

“Contrary to what is commonly believed, turbulent economic times make the best start-ups and really contribute to the maturing of frontier technologies. Millions around the world see their hard-earned savings evaporate due to inflation – and are stuck with local banks unwilling to help them. Cenoa solves this head-on by integrating users worldwide into the digital dollar economy. We strongly believe in this mission of financial inclusion, and its financial viability, as it serves the needs of people in emerging markets and fights global inequality.” 

Cenoa’s four person Founder Team consists of Co-CEOs Emre Ertan (former CPO & CTO of rapid delivery decacorn Getir) and Seçkin Çağlın (ex-McKinsey, former Head of Cards & CMO of BBVA Garanti Payments), who developed their idea together at Stanford Business School; and technical Co-Founders Sırrı Perek (Facebook) and Buğra Çakmak (Google).

Based in Singapore, the fintech challenger’s team is fully remote with employees in Turkey, Singapore, the UK, Italy, Germany, and Switzerland.

Contact:
Katie Smitten
[email protected]
+34 633 663 699

SOURCE Cenoa

• $5.5M financing led by Taiho Ventures LLC, with participation of existing investors, including Series Seed lead, Kizoo Technology Capital GmbH
• Fresh capital to be employed to get cellvie Series A ready by the end of 2023, by accelerating the development of the company’s technology platform, strengthening the team, and further establishing mitochondria manufacturing

ZURICH and HOUSTON, Feb. 6, 2023 — cellvie Inc., a leader in Therapeutic Mitochondria Transplantation (TMT), an approach developed at Harvard, closes a $5.5 Million financing to get Series A-ready by the end of 2023.

Mitochondria are intimately tied to the origin of complex life, the energy of the young and the decline of the old. Their dysfunction has been tied to numerous diseases, ranging from neurodegenerative ailments, over heart attacks, to age-related degeneration. “Whilst Mitochondria have been known as therapeutic targets for a long time, treating them has proven challenging”, notes Dr. James McCully, a co-founder of cellvie and inventor of TMT. That’s why he turned to transplanting viable mitochondria to reinvigorate the impaired cell energy metabolism after an ischemic shock (e.g. a heart attack).

“Given the insights gained and treatment successes shown by my co-founders, we always viewed mitochondria as a potential new category of medicines”, says Dr. Alexander Schueller, co-founder and CEO of cellvie. “To realize the modality’s potential, we have therefore focused our efforts on scalable productization – developing an allogeneic off-the-shelf product – and research on new therapeutic applications – such as in gene therapy delivery and aging.” With this additional funding, cellvie intends to accelerate and expand the development of its mitochondria platform and to further strengthen the organizational foundations. Dr. Schueller notes that “while many companies need to conserve cash and slow down shortly before raising their next round, we are now in a position to speed up and form an even stronger basis to raise our Series A.”

Taiho Ventures joins Kizoo Technology Capital as one of cellvie’s primary investors and will take a board seat to help the company realize its ambitions. “We recognized the tremendous potential in the therapeutic use of mitochondria, particularly in the fight against cancer, and we believe that cellvie is very well positioned to become a leader in this emerging field”, says Sakae Asanuma, President and CEO at Taiho Ventures. Kizoo is also a significant co-investor in this round, having gained ever more confidence in the technology and the potential of the team since leading the company’s seed round in 2020. Frank Schueler, Managing Director at Kizoo and member of the board at cellvie says: “The team has done a remarkable job in advancing our understanding and pushing the boundaries of mitochondria-based therapies. So it was only natural for us to continue to support cellvie as one of our key startups.”   

About cellvie: www.cellvie.bio.

About Taiho Ventures: https://taihoventures.com.

About KIZOO Technology Capital: www.kizoo.com and www.forever-healthy.org

Contact:
Alexander Schueller
ph: +41-44 591 89 21
email: [email protected]

SOURCE Cellvie

BUDAPEST, Hungary , Feb. 6, 2023 — Hiventures, Hungary’s most significant VC, closed another successful exit. Complytron, which offers anti-money laundering (AML) due diligence services, was acquired by Anglo-Hungarian SEON, the world’s fastest-growing fraud prevention company. After the transaction – by favour of SEON – Complytron’s solution can potentially reach new global financial players such as Revolut, Nubank, or Afterpay.    

The expanding online presence of people and businesses opens up opportunities for abuse for a new generation of criminals. Complytron, a merely 4 years-old Hungarian startup, competes with this trend with its automated customer due diligence service. Hiventures invested €400 000 in the startup in 2020, from which it is now exiting with a significant return.

The acquisition also signifies SEON’s expansion since its $94M Series B investment in April 2022. The combination of SEON’s fraud prevention solution and Complytron’s AML technology into a single platform is another major step in the battle to reduce FinCrime and will help sectors such as fintech, and ecommerce to prevent criminal activity via their platforms.

Hiventures’ portfolio now includes nearly 450 startups, making it one of the most active venture capital investors not only in the CEE region but in Europe. This exit is one of the four most significant exits realized in 2022. “We are proud of all exits, as they show that our investment concept was correct and validate our work in the market. Furthermore, we are glad that yet another innovative Hungarian solution can prove itself on the global stage,” emphasized Bence Katona, CEO of Hiventures.

About Hiventures

Hiventures, part of the Hungarian MFB Group, is one of the largest venture capital firms of Central and Eastern Europe. It supports the entire Hungarian entrepreneurial eco-system with its over EUR 420 million capital and professional competencies, including innovative start-ups with large growth potential, traditional SMEs and major corporations. Hiventures is committed to a sustainable and competitive entrepreneurial eco-system in the CEE region. For further details, visit the company website.

SOURCE Hiventures Venture Capital Fund management PLC.

• FF Global Partners LLC, the founding shareholder and a partnership of key Faraday Future management team members, helps Faraday Future secure $135 million in financing capital commitments, meeting the expected funding requirements of the Ultimate Intelligent TechLuxury FF 91 Futurist Start of Production (“SOP”)

LOS ANGELES, Feb. 5, 2023 — FF Global Partners LLC (“FFGP”), the founding shareholder and a partnership of key Faraday Future (“FF”, “FFIE”, “the Company”) executives, today announced that on February 3, 2023, with the support of FFGP, FFIE has raised $135 million in funding (including $10 Million previously funded by an investor as an advanced payment), as well as an important modification to a major provision in the terms of the warrants in the original FF secured financing agreements. This round of financing, which remains subject to certain conditions, including for a portion of such financing, the receipt of Company stockholder approval and an effective registration statement for the shares underlying the applicable notes, came from both FFIE’s current investors and new investors facilitated by FFGP, providing the sufficient funds for the SOP of the Ultimate Intelligent TechLuxury FF 91 Futurist by March 2023.

Separately, the Company plans to hold a special stockholders meeting on February 28, 2023, to consider a proposal to increase the authorized shares of Faraday Future Class A common stock. If approved by Faraday Future stockholders, this proposal will clear the path for FF 91 Futurist SOP and other Company strategic goals.

To meet the capital needs of ramping up the production capacity of the FF 91 Futurist, FFGP has agreed to vote all shares it beneficially owns in support of the upcoming FFIE special shareholder meeting proposals.

More importantly, the successful completion of the financing was based on the modification of a major provision in the terms of the warrants in the original financing agreements. Those warrants had a full ratchet anti-dilution provision that allowed them to receive the right to purchase additional shares in connection with financing when the Company’s stock price drops. With the help of FFGP, the relevant clause has been removed from the warrants, helping the Company and all shareholders to successfully avoid the issuance of hundreds of millions of shares which might cause additional dilution.

Over the past year, FFGP has worked to successfully attract and identify investors to help stabilize the Company’s position, at significant expense to its own economic and other rights, and has focused on the best interests of shareholders and the future of the Company.

FFGP believes their continued contribution to the Company, as majority shareholder consisting of the founding and key management team members, will allow the Company to continue to build on its recent positive developments, such as the reorganization of the Board, the crucial financing obtained with the assistance of FFGP, and the progress made in developing the Company’s business in both the US and China. These improvements have led to what FFGP believes is a positive development trajectory for FF’s various businesses and resolved the governance issues that have plagued FFIE since its listing. FFGP and its partners, including current and former core executives of the Company, have the proven commitments and key knowledge necessary to provide the crucial support and guidance to the Company, helping them achieve their short, medium and long-term goals and ensure success.

FF Global Partners is a group of core members of FF from various professional fields such as AI, internet, IT, and the automotive industry who share the same vision and values and are also referred to as a “Futurist Alliance.” Our governance structure is modeled after the Alibaba Partnership, where all partners share in entrepreneurship, ownership, risks, governance, and decision-making for FF. This approach has been a proven industry best practice and has given FF a unique competitive advantage, particularly in company culture, governance structure, and talent system. All partners represent the best interests of the company.

NO OFFER OR SOLICITATION

This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This communication is not a solicitation of proxies in connection with any matter to be voted upon by stockholders.

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “”future,” “propose”, “potential” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of FF Top, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the Company’s ability to satisfy the conditions precedent and close on the various financings referred to in this press release, the failure of any which could result in the Company seeking protection under the Bankruptcy Code; the failure of the conditions to the full implementation of FF Top’s governance agreement with the Company to be satisfied and other factors. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and FF Top does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

CONTACT: Stephen Rice, [email protected]

SOURCE FF Top Holding LLC

• Kyma Capital, MCI and other key investors have provided new financing to support Atento
• Atento engaged Houlihan Lokey as financial advisor to assist with the fundraising
• Atento continues to work to add additional investors to the new financing as part of the Company’s long-term goals
• This significant fundraising strengthens Atento´s balance sheet and liquidity

NEW YORK, Feb. 3, 2023 — Atento S.A. (NYSE: ATTO, “Atento” or the “Company”), one of the largest providers worldwide and a leading company in customer relationship services and business process outsourcing (CRM / BPO), confirms today that it has secured its previously announced financing program. The additional capital raised will further strengthen Atento’s balance sheet and liquidity position as management focuses on transforming the business.

Atento engaged Houlihan Lokey as financial advisor to assist in this round of fundraising. As stated in the Q3 earnings call, Atento has evaluated different financial alternatives from current investors and other institutions to enhance its liquidity position. Atento will continue to work to add additional investors as part of the long-term financing goals.

Atento remains focused on driving shareholder value with significant initiatives directed at both revenue growth and operational optimization. Atento continues working to solidify its financial position while transforming and elevating Atento´s next generation customer experience. This fundraise fortifies its commitment to their +400 blue chip clients and operations in 16 countries delivering best-in-class customer experience services.

The fourth quarter has continued the positive trend by generating strong EBITDA margin growth, delivering the cash balance to close at US$ 84 million on December 31, 2022.

Atento continues to benefit from its unique leadership position in the Latin American region with a renewed sales focus on near-shore Spanish support, while also remaining on track to open its first offshore operation in the Philippines with marquee clients.

About Atento 
Atento is the largest provider of customer relationship management and business process outsourcing (“CRM BPO”) services in Latin America, and among the top providers globally. Atento is also a leading provider of nearshoring CRM BPO services to companies that carry out their activities in the United States. Since 1999, the company has developed its business model in 16 countries where it employs approximately 130,000 people. Atento has over 400 clients to whom it offers a wide range of CRM BPO services through multiple channels. Atento’s clients are mostly leading multinational corporations in industries such as telecommunications, banking and financial services, health, retail and public administrations, among others. Atento’s shares trade under the symbol ATTO on the New York Stock Exchange (NYSE). In 2019, Atento was named one of the World’s 25 Best Multinational Workplaces and one of the Best Multinationals to Work for in Latin America by Great Place to Work®. Also, in 2021 Everest named Atento as a “star performer”. Gartner named the company as a leader for two years in a row, since 2021 in the Gartner Magic Quadrant. For more information visit www.atento.com

PALO ALTO, Calif., Feb. 3, 2023 — Flatfee (Flateecorp.com), a managed marketplace connecting global small to mid-sized global sellers with legal and administrative professionals closed a $900K round led by KungHo Fund (https://www.KungHo.com) and Bixin Ventures (https://bixinvc.com/). The financing will provide important funds as Flatfee prepares for its upcoming seed round.

With this investment, Flatfee will solidify its first mover advantage providing a managed marketplace for comprehensive compliance services to small to mid-sized e-commerce sellers and app developers competing in the global market. “We look forward to building on the rapid growth Flatfee experienced in 2022 as it becomes the market leader in global intellectual property planning, remote entity formation and compliance for underserved global entrepreneurs.”

Samsun Yu, an expert on cross-border intellectual property practitioner, will be joining the company as a director to facilitate such efforts.

In a little over one year, Flatfee has expanded into 18 countries, with customer service provided in four languages, and completed close to 2,500 orders after its initial launch. Due to the strong demand in cross-border operation among e-commerce sellers and application developers, Flatfee’s sales grew an average of 20% each month of 2022. They discovered a lucrative market for integrated compliance solutions for small to mid-sized global entrepreneurs. 

KungHo Fund’s CEO and founder George Kung commented that his firm’s investment thesis for Flatfee is the rapid growth of global online sellers. Kung Ho Fund believes that Flatfee’s ability to integrate and manage professional and international service teams will make it an important player to meet the compliance needs of those global sellers.

Overseas Operation Services Inc., the operating entity of flatfeecorp.com, was formed in 2022 and focuses on prepackaged professional services to cross-border enterprises.

KungHo Fund is a venture fund formed in June 2022 as the U.S. arm of Zino Ventures, a New Zealand based venture capital firm. The fund focuses on early investments in artificial intelligence, e-commerce and bio-technology.

Bixin Venture invests in early-stage infrastructure projects that cultivate and facilitate mass adoption of open finance through permissionless and decentralized networks.

Media contact: Alfonso Gutierrez, [email protected]

SOURCE Overseas Operation Services Inc.

Digital Banking Leader to Expand Product Development, Hiring With Funds From Prominent Return Investors

SAN FRANCISCO, Feb. 2, 2023 — Digital banking platform Oxygen today announced $20 million in Series B funding – led largely by return investors – and the appointment of David Rafalovsky as Chief Executive Officer (CEO). Oxygen will use the funds to increase investment in product development and user experience around its core financial technology solutions, and to expand its workforce to meet growing demand.

Oxygen provides flexible, all-in-one digital banking services to both consumers and small businesses seeking modern financial solutions. As the first and only neobank in the U.S. to launch with both the consumer and small business in mind, the company continues to attract investment based on its rapid growth trajectory and highly engaged customer base. Today’s announcement follows a strong track record of fundraising with investments that included Y Combinator, 1984.vc, Rucker Park and Possible Ventures, in addition to celebrity and prominent fintech investors Frank Strauss, Global CEO of the Private & Commercial Bank for Deutsche Bank AG; William Hockey, co-founder of Plaid; Ankur Nagpal, founder and CEO of Teachable; Peter Treadway; and all-time NFL great Larry Fitzgerald.

In alignment with its record of top-tier partnerships, Oxygen has announced the strategic appointment of David Rafalovsky as CEO. Rafalovsky becomes a major equity shareholder and succeeds Hussein Ahmed, founder of Oxygen, in the role. Ahmed launched Oxygen in January 2020 and will remain with the company in the new role of Chief Product Officer.

“This marks a new era at Oxygen where we will build upon the incredible foundation crated by Hussein and Oxygen team.  I look forward to chart the path forward for the company, building world class solutions for small businesses and gig economy participants.  Not only are small businesses driving the U.S. economy, but they also keep the American dream alive.  According to the U.S. Small Business Association, small businesses of 500 employees or fewer make up 99.9% of all U.S. businesses – Oxygen is planning to play a significant role enabling small businesses success” said David Rafalovsky, CEO of Oxygen.

A tech-first operational expert, Rafalovsky brings more than 25 years of domestic and international banking experience to take Oxygen into its next growth phase, having led the design and rollout of many innovative technology products for the world’s largest financial institutions and IT organizations.

“As the company prepares to scale its operations and further accelerate growth, David’s legacy of success as a global leader and board member ensure the value of Oxygen’s technology will continue to inspire – and engage – customers and investors,” said Ahmed. “His roots in disruptive engineering allow us to deliver on our commitment to serve anyone looking for the best digital banking solutions in the market.”

Rafalovsky’s previous positions include Group CTO and Global Head of Operations & Technology for Sber, one of the largest European digital banking ecosystems and world’s “Best Digital Consumer Bank 2021” according to Global Finance Magazine, and Managing Director, CTO of Global Functions for Citi. He is also the chairman of the board and co-founder of ROVIAL Space, which seeks to equip the new space economy with AI & robotics-based infrastructure enabling sustainable autonomous in-space businesses.

About Oxygen

Oxygen is a modern financial platform designed for the 21st-century economy – providing digital natives, creators and entrepreneurs pushing everyday boundaries a seamless experience to spend, send and save across both their personal and business lives. Available on web, iOS, and Android, Oxygen members enjoy cashback rewards, early direct deposit, simple transfers and high yield savings in addition to everyday retail and travel benefits. Businesses can start and scale their operations with integrated solutions like nationwide LLC incorporation and custom invoicing that is elegant, simple and secure. Reject ordinary. Banking for the Extraordinary.

Banking services provided by The Bancorp Bank, Member FDIC. The Oxygen Visa^® Debit Card and the Oxygen Business Visa^® Debit Card are issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

For more information, visit www.oxygen.us

SOURCE Oxygen

Maryland business supporting other businesses by providing information to help them fight back against cyber attacks

COLUMBIA, Md., Feb. 2, 2023 — TEDCO, Maryland’s economic engine for technology companies, announced today its Seed Funds invested $500,000 from its Cybersecurity Investment Fund in Foretrace, Inc., a Maryland-based cybersecurity company focused on providing cost-effective information to help secure businesses from cyber attackers. TEDCO’s Seed Funds invest in early-stage, technology and life sciences companies and provides access to gap financing.

“Successful cyber-attacks start with external reconnaissance, and adversaries know how to find exposed information and vulnerabilities that can be used to target an organization,” explains Nick Ascoli, CEO of Foretrace. “Foretrace leverages the same techniques and tools used by attackers and red teams to proactively alert our clients to vulnerabilities, information exposure, and external gaps. These findings are then used to inform businesses where they’re vulnerable, allowing them to act and keep their information secure.”

Foretrace Inc., based in Columbia, Md., is an External Attack Surface Management platform offering cost-effective foot printing and information gathering to keep organizations’ businesses safe from cyber-attacks. By integrating known attacker techniques, Foretrace provides clients with a clear image of what information adversaries could find.

“Cost-effective solutions like those that Foretrace offers may be instrumental in preventing the leak of important business information,” explains TEDCO’s chief investment officer, Jack Miner. “It’s exciting to be a part of Foretrace’s journey, helping them get their innovative business more exposure while, helping them to help others.”

Anyone looking to apply for their first investment from TEDCO Seed Funds must have started operations within seven years from the date of the application and investment. Click here for Seed Fund FAQs.

TEDCO provides funding, resources and connections that early-stage technology and life sciences companies need to thrive in Maryland. For entrepreneurs interested in applying for TEDCO funding opportunities, visit https://www.tedcomd.com/funding.

About TEDCO

TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.

Media Contact
Tammi Thomas, Chief Marketing & Communications Officer, TEDCO, [email protected]

SOURCE TEDCO