| Source: Vemanti Group, Inc

IRVINE, Calif., April 25, 2023 (GLOBE NEWSWIRE) — Vemanti Group, Inc. (“Vemanti” “Vemanti Group” or the “Company”) (OTCQB: VMNT) today announced it has signed a Stock Purchase Agreement (“SPA”) to acquire 100% ownership of Devblock Technologies, Inc. (“Devblock”), accomplishing a major milestone in the Company’s broader strategy of becoming Southeast Asia’s first neobank for SMEs. With this acquisition, the Company will add advanced AI and digital transformation capabilities to its primary competencies, further strengthening its position in the rapidly-growing digital banking sector in the region. The transaction is expected to be completed in Q2 FY2023. Post-closing, Deblock will be a wholly-owned subsidiary of the Company.

Based in Seattle, WA, Devblock is a leading technology platform and development company that specializes in artificial intelligence (AI), machine learning (ML), blockchain, and cloud computing. For over a decade, they have built core capabilities and technology to streamline cross-border software development. With a global team of well over 100 engineers based predominantly in the USA and Vietnam, Devblock has established itself as a leader in digital transformation with a proven track record of successful implementations with industry giants like Microsoft, Amazon, and eBay. Leveraging these best practices, the company is expected to maintain its outsize growth with plans of launching a cutting-edge digital banking platform that offers optimized customer experience with industry-leading security and innovation. The management team, including Co-Founders Benjamin Liu and James Sun, will continue to lead the business and attune its future direction to Vemanti’s long-term corporate objectives.

“This acquisition is part of the master-planned roadmap we have in place,” stated Tan Tran, CEO of Vemanti. “We remain unwavering with its execution. Devblock brings tremendous synergies, solid business fundamentals, and next-level technical capabilities that align with our overall corporate vision and mission. The transaction makes sense on many fronts for the two companies. It provides Vemanti with important building blocks to accelerate our neobanking strategy while allowing the Devblock team to fully deploy their expertise and knowledge through impactful digital financial solutions for millions of SMEs in Vietnam and Southeast Asia. We’re extremely thrilled to welcome James, Ben, and the entire Devblock team to our family.”

“We have great chemistry with Vemanti. We share similar forward-thinking perspectives on business and technology. We’re excited to be a part of Vemanti and look forward to developing game-changing financial products for our target clients,” said Benjamin Liu, Co-Founder of Devblock.

“Being part of Vemanti is a natural progression in our product strategy to build a borderless fintech platform in the long term,” added James Sun, Co-Founder of Devblock. “Vemanti gives us access to work with PVcomBank for the next 10 years and other important partners to disrupt the current banking and finance sector, applying our core strengths in AI, blockchain, and cloud services.”

With a team of top-notch engineering professionals who are experts in next-generation foundational technologies on board, the Company will immediately look to catapult the design, development and deployment of intelligent, embedded, and adaptive AI/ML-powered digital banking products tailored to meet the specific needs of each individual SME client. The fact that many Devblock employees are already situated in Southeast Asia highlights the strategic importance and alignment of this transaction. They will spearhead collaborative product development efforts onward with counterparts from PVcomBank and Finastra, both of whom the Company already has strategic multi-year agreements in place.

It is anticipated that the Company will continue to make acquisitions and form joint ventures to further expand its growth.

About Vemanti

Vemanti Group, Inc. (OTCQB: VMNT) is a financial technology (fintech) company that seeks to establish a strong foothold in the emerging and high-growth markets of Southeast Asia through impact-driven financial services targeting the underserved. With Vietnam as the focal starting point, its goal is to be a valuable financial partner for the SMEs throughout Southeast Asia, helping their business become borderless and together shaping the region into a global economic powerhouse of growing supply chains and manufacturing. To learn more about Vemanti, visit vemanti.com.

About Devblock

Devblock Technologies, Inc is a leading global technology company that specializes in the design, development, delivery, and deployment of custom solutions for enterprise clients. Their core competencies are AI, ML, blockchain, Web3, and cloud computing. For over a decade, they have built capabilities to streamline cross-border software development. Devblock helps companies digitally transform their businesses to improve operational efficiency, drive revenue growth, and improve the customer experience. Their list of clients includes industry giants such as Amazon, eBay, Microsoft and many others. For more information, visit devblock.io.

About PVcomBank

Vietnam Public Joint Stock Commercial Bank (PVcomBank) was founded on September 16, 2013, as a corporate amalgamation between PetroVietnam Finance Joint Stock Corporation (PVFC) and Western Joint Stock Commercial Bank (WesternBank). On October 1, 2013, PVcomBank officially operated with a charter capital of 9,000 billion VND and total assets of more than 100,000 billion VND, equivalent to 390M USD & 4.4B USD. Up to now, PVcomBank has developed a strong network of nearly 110 transaction offices in 28 provinces and cities nationwide with nearly 4,700 employees and total assets of more than 200,000 billion VND. With the mission “Bank with no boundary”, PVcomBank has been constantly developing the product ecosystem, improving service quality on all transaction channels, meeting the diverse and increasing needs of different corporate and individual customer segments. Being one of the pioneer banks in digitalization, PVcomBank incessantly updates and applies modern technology to promote Digital banking with outstanding advantages. Preeminent financial solutions in the digital space not only help customers get closer to PVcomBank, but also blur the gap between dreams and reality. Without barriers of space, time or geographical distance, customers can quickly achieve their goals in certain stage of life and enjoy flexible convenient experiences from modern products with professional, friendly and dedicated services. We were named as one of the Top 500 Fastest Growing Enterprises in Vietnam (FAST500) by the Vietnam Report JSC and the VietNamNet e-newspaper on March 10, 2021. To learn more about PVcomBank, visit https://www.pvcombank.com.vn/

About Finastra

Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by ~8,600 institutions, including 90 of the world’s top 100 banks. For more information, visit finastra.com

Legal Disclaimer

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s filings with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

Vemanti Group, Inc.
Investor Relations
+1.949.559.7200
ir@vemanti.com

| Source: Vemanti Group, Inc 

IRVINE, Calif., March 23, 2023 (GLOBE NEWSWIRE) — Vemanti Group, Inc. (“Vemanti” “Vemanti Group” or the “Company”) (OTCQB: VMNT) today announced that it has chosen Finastra International Ltd. (“Finastra”) to help build Southeast Asia’s first SME-focused neobank. Initially focusing on Vietnam, Vemanti will use Finastra’s next-generation core banking solution, Fusion Essence, as the platform for new products and services aimed at increasing financial inclusion in the underserved SME finance market. Vemanti has also tapped Finastra’s partner ecosystem to select Lendscape’s market-leading invoice finance and supply chain finance technology.

“SMEs across the region are being underserved by traditional finance, which generally lacks the ability or desire to accurately assess the creditworthiness of SMEs. These businesses struggle to meet collateral requirements that tend to be designed for large corporations, leaving many unable to access formal financial services,” said Tan Tran, CEO, Vemanti. “Leveraging technology and creativity, we aim to solve these problems by offering innovative finance solutions. We have chosen to work with Finastra not just as a technology vendor, but to leverage their deep, broad experience in banking, as well as their significant footprint in the region. Finastra’s open ecosystem approach has already brought Lendscape’s leading technology to us and we look forward to expanding our offerings quickly with Finastra’s partnership.”

Finastra’s next-generation core banking solution, Fusion Essence, will provide the technology platform for Vemanti’s business and technology team to build and expand on product offerings, as well as the advanced capability for Vemanti to launch a full digital bank at scale.

“Vemanti’s bold strategy aims to solve a clear market need and will connect the best of Vietnam to the world. Choosing a SaaS cloud platform from Finastra means Vemanti can concentrate on its business, customers and product innovation, whilst we take care of their technology,” said John Guest, Managing Director, Universal Banking, APAC, Finastra. “We are also pleased to have this opportunity to demonstrate with Lendscape the enhanced value that technology partnerships can offer the global financial services sector.”

Using embedded advanced analytics and technology to improve credit decisioning and processing, Lendscape’s solution will enable Vemanti to offer personalized SME finance that goes beyond traditional commercial loans, such as small unsecured, short-term loans and invoice finance solutions.

“We are excited to participate in this opportunity to support Vemanti in its efforts to bring finance to SMEs in Vietnam,” said Kevin Day, CEO at Lendscape. “SMEs are the lifeblood of all economies and offering providers in the region access to our specialist invoice and supply chain finance solutions will enable Vemanti to support digitalization and a better customer experience, unlocking the potential of these businesses.”

About Vemanti
Vemanti Group, Inc. (OTCQB: VMNT) is a financial technology (fintech) company that seeks to establish a strong foothold in the emerging and high-growth markets of Southeast Asia through impact-driven financial services targeting the underserved. With Vietnam as the focal starting point, its goal is to be a valuable financial partner for the SMEs throughout Southeast Asia, helping their business become borderless and together shaping the region into a global economic powerhouse of growing supply chains and manufacturing. To learn more about Vemanti, visit vemanti.com.

About Finastra

Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by ~8,600 institutions, including 90 of the world’s top 100 banks. For more information, visit finastra.com.

About Lendscape 
Lendscape is the world’s leading technology provider for all forms of secured finance. With over 45 years of experience and in-depth industry understanding, our dynamic team has designed, developed and delivered secured lending technology to over 50 markets and some of the worlds’ most prestigious banking and financial services providers. Lendscape supports a range of working capital and asset finance solutions such as factoring, invoice discounting, supply chain finance, asset-based lending as well as asset finance and many other forms of specialist finance. For more information, please visit lendscape.com.

Legal Disclaimer

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s filings with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

Vemanti Group, Inc.
Investor Relations
+1.949.559.7200
ir@vemanti.com

IRVINE, Calif., Sept. 07, 2022 (GLOBE NEWSWIRE) — Vemanti Group, Inc. (“Vemanti” “Vemanti Group” or the “Company”) (OTCQB: VMNT) and Vietnam Public Joint-stock Commercial Bank (“PVcomBank” or the “Bank”) today announced a joint pilot digital lending program aimed at driving growth for Small and Medium-sized Enterprises (SMEs) in Vietnam. The program includes a portfolio of nimble and innovative products collaboratively developed by both parties for the SME clientele. The initial product to kickstart the program will be a unique financing option designed to provide small US-bound exporters—majority of which are SMEs—access to short-term loans at competitive rates. At the end of the pilot period, the full program will be available via PVcomBank branches and digital banking platform.

SMEs currently play a major role in Vietnam’s economy (US$362.6 billion in 2021 per the World Bank), accounting for more than 41% of its GDP according to the Vietnam Association of SMEs. However, it is estimated that currently 70% of SMEs lack viable options when it comes to short-term working capital loans. This is their biggest obstacle in the course of conducting business. Growing exports and overseas opportunities only exacerbate the problem, as they often face long accounts receivable (AR) cycles of more than 2 months on the average. The new lending program will allow businesses to borrow based on their existing trade receivables. They can use the capital to cover strategic business needs, such as staffing, operations costs, inventory, product development, and manufacturing, as well as marketing efforts to build their brand and grow their customer base.

“One of our targets is to provide quick and easy financing for the underserved SMEs that make up the majority of current economic activity and future growth of Vietnam, an attractive up-and-coming market on a global scale. We are thrilled to launch this program to make the opportunity of selling to US-based buyers more accessible for those businesses,” said Tan Tran, CEO of Vemanti. “PVcomBank shares our commitment to championing underserved populations of business owners, knowing they often lack access to the more traditional methods of capital.”

Each loan application will be jointly evaluated and approved by both parties based on a proprietary decision-making and credit-rating system catering specifically to SMEs. The approval process is expected to take about a week for a new borrower and as little as 24 hours for a returning borrower. The program offers speed, transparency, and simplicity utilizing a digital platform that streamlines and automates parts of the underwriting and funding process.

Digital lending is now one of the hottest trends in the global banking, financial services and insurance market. However, digital lending in Vietnam is still at an embryonic stage. The program is one of the first supported by an incumbent bank in the country. Vemanti’s objectives for the next 12 months are to grow its product portfolio through PVcomBank and to become a market leader in short-term financing for the export-driven SMEs in Vietnam. The committed partnership with PVcomBank will further solidify and propel its business objectives as the first SME-focused digital banking platform in Vietnam. On its roadmap will also be other SME-related financial products such as business credit line, employee salary advance, PO finance, equity finance, and more. Ultimately, its goal is to have a collection of comprehensive financial products and services built around the actual needs of small businesses.

Ha Nguyen, Deputy CEO of PVcomBank, added, “Vemanti is on a mission to support and empower SMEs, just like us, so the partnership is a great fit. The program is the perfect place to make these kinds of financing programs available that can truly make a difference for a lot of businesses. We are thrilled to be a partner with Vemanti in helping solve liquidity challenges for Vietnamese businesses.”

For more news and updates, shareholders and prospective investors are encouraged to follow @Vemanti on Twitter (https://twitter.com/Vemanti).

About Vemanti Group, Inc.

Vemanti Group, Inc. (OTCQB: VMNT) is a financial technology (fintech) company that seeks to establish a strong foothold in the emerging and high-growth markets of Southeast Asia. We drive growth through socially impact-driven financial services targeting the underserved. Strategically, we intend to focus future product and business development on building a digital banking (aka neobanking) platform aimed at making credit and cross-border payments simpler and easier for Small and Medium-sized Enterprises (SMEs). With Vietnam as the focal starting point, our goal is to be a valuable financial partner for the SMEs throughout Southeast Asia, helping their business become borderless and together shaping the region into a global economic powerhouse of growing supply chains and manufacturing. To learn more about VMNT, visit https://www.vemanti.com/

About PVcomBank

Vietnam Public Joint Stock Commercial Bank (PVcomBank) was founded on September 16, 2013, as a corporate amalgamation between PetroVietnam Finance Joint Stock Corporation (PVFC) and Western Joint Stock Commercial Bank (WesternBank). On October 1, 2013, PVcomBank officially operated with a charter capital of 9,000 billion VND and total assets of more than 100,000 billion VND, equivalent to 390M USD & 4.4B USD. Up to now, PVcomBank has developed a strong network of nearly 110 transaction offices in 28 provinces and cities nationwide with nearly 4,700 employees and total assets of more than 200,000 billion VND. With the mission “Bank with no boundary”, PVcomBank has been constantly developing the product ecosystem, improving service quality on all transaction channels, meeting the diverse and increasing needs of different corporate and individual customer segments. Being one of the pioneer banks in digitalization, PVcomBank incessantly updates and applies modern technology to promote Digital banking with outstanding advantages. Preeminent financial solutions in the digital space not only help customers get closer to PVcomBank, but also blur the gap between dreams and reality. Without barriers of space, time or geographical distance, customers can quickly achieve their goals in certain stage of life and enjoy flexible convenient experiences from modern products with professional, friendly and dedicated services. We were named as one of the Top 500 Fastest Growing Enterprises in Vietnam (FAST500) by the Vietnam Report JSC and the VietNamNet e-newspaper on March 10, 2021. To learn more about PVcomBank, visit https://www.pvcombank.com.vn/

Legal Disclaimer

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Form 10 filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

Vemanti Group, Inc.
Investor Relations
+1.949.559.7200
ir@vemanti.com

Vietnam Public Joint Stock Commercial Bank
Public Relations
+84.24.3942.6800
pvb@pvcombank.com.vn

IRVINE, Calif., March 29, 2022 (GLOBE NEWSWIRE) —VemantiGroup, Inc.(“Vemanti” “Vemanti Group” or the “Company”)(OTCQB: VMNT) today announced it has entered into an equity investment agreement (the “Agreement”) with Alpha Sigma Capital Fund, LP (“Alpha Sigma Capital” or “ASC”), a pioneering digital asset fund focused on the blockchain economy and the shift to a decentralized Web3 infrastructure. The Agreement outlines an investment structure of up to $2M USD from ASC into Vemanti, allowing the Company to immediately accelerate its business initiatives. At the same time, this new investment validates Vemanti’s vision and expansion of digital-first financial products and services to power future growth. This also signals a major collaborative step forward for the two companies.

The unification of the two firms will seek to connect innovative blockchain projects to real-world use cases to jointly advance financial inclusion in high-growth emerging markets. The Alpha Sigma Capital team, including CEO, Enzo Villani, and Portfolio Manager, Nick Birnbaum, will assist Vemanti in bridging the capital supply and demand gap between TradFi (Traditional Finance) and DeFi (Decentralized Finance) to help the underserved Small and Medium Enterprises (SMEs).

“This is an important partnership for Vemanti as we look to Alpha Sigma’s investment portfolio to help us expand our financial services technology globally, starting with Vietnam and Southeast Asia,” said Tan Tran, CEO of Vemanti Group. “The synergy between our companies will provide a great benefit to the underserved customers we’re helping with our digital-forward banking solutions.”

Alpha Sigma Capital is a pioneering digital asset fund founded by Enzo Villani, focused on the blockchain economy and the shift to a decentralized Web3 infrastructure. Since January 2020, the Fund’s investment strategy and approach has resulted in 11 unicorns in under 19 months.

“Our focus at Alpha Sigma is anchored in advancing technologies to help power a decentralized financial system for the future,” stated Enzo Villani, CEO of Alpha Sigma Capital. “Vemanti’s strong experience in the Southeast Asian market and their commitment to expanding innovative financial products and services to actual businesses at the ground level makes them the ideal partner to help forward our mission.”

In addition to the Agreement, Alpha Sigma Capital will also facilitate relationships between the Company and various funding and credit organizations who are looking to penetrate the markets of Southeast Asia through strategic fintech-partner bank relationships.

For more news and updates, shareholders and prospective investors are encouraged to follow @Vemantion Twitter (https://twitter.com/Vemanti).

About VemantiGroup, Inc.

Vemanti Group, Inc.(OTCQB: VMNT) is a technology-driven company that seeks to become active in high-growth and emerging markets. The Company’s mission is to advance financial inclusion for the unbanked, underbanked consumers and businesses of the world. It is focused on building a financial ecosystem based on innovative fintech and blockchain applications. To learn more about VMNT, visit https://www.vemanti.com/

About Alpha Sigma Capital

Alpha Sigma Capital Fund, LP(ASC) is a pioneering digital asset fund founded by Enzo Villani, focused on the blockchain economy and the shift to a decentralized Web3 infrastructure. Since January 2020, the Fund’s investment strategy and approach has resulted in 11 unicorns in under 19 months. The Fund is also the lead investor and sponsor group for Blockchain Moon Acquisition Corp (NASDAQ: BMAQU), a $115M SPAC focused on merging with a blockchain company. The Fund invests in companies and decentralized projects that are leveraging blockchain technology to provide demonstrable change and efficiency in financial services, artificial intelligence, supply chain, and biotechnologies. The Fund’s research team is well known for its in-depth research and distinct analysis on growing blockchain companies. Apply to receive our research newsletter at http://www.alphasigma.fund/research

Legal Disclaimer

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Form 10 filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

Vemanti Group, Inc.
Investor Relations
(800) 768-1288
ir@vemanti.com

Alpha Sigma Capital Fund, LP
Sandra Ditore
Investor Relations
info@alphasigma.fund

IRVINE, Calif., March 21, 2022 (GLOBE NEWSWIRE)Vemanti Group, Inc. (“Vemanti” “Vemanti Group” or the “Company”) (OTCQB: VMNT) today announced it has entered into an official 10-year agreement with Vietnam Public Joint-stock Commercial Bank (“PVcomBank” or the “Bank”) to launch one of the first Small-to-Medium Enterprise (SME) digital banking (aka neobanking) solutions in Vietnam. This agreement signals a major collaborative step forward for the two parties, which signed a Letter of Intent (LOI) earlier this year. Leveraging PVcomBank’s dominant incumbent position, Vemanti plans to utilize cloud computing, API, automated KYC/AML, Artificial Intelligence, Machine Learning, and blockchain technologies to power its new digital-first platform.

PVcomBank, fully licensed and regulated by the State Bank of Vietnam, is a state-owned bank with comprehensive core banking products and services. The Bank is focused on spearheading digital banking services and will now jointly share this pursuit with Vemanti Group, which will help power a unique hybrid neobanking model. This unique omnichannel banking approach will allow customers to utilize a full range of digital services at their convenience powered by the Vemanti platform, while also having the ability to take advantage of PVcomBank’s physical branch locations for in-person support if needed.

“We’re excited to take this next step with Vemanti Group as we now look to actively build our joint platform and begin onboarding customers in the near future,” stated Ha Viet Nguyen, Deputy CEO from PVcomBank. “Our physical banking presence in Vietnam combined with Vemanti’s forward-thinking platform will give businesses a tech-forward, adaptable solution to their banking needs.”

Vemanti will utilize PVcomBank’s industry-leading banking expertise to provide SMEs in Vietnam with an innovative digital-only financial solution via PVcomBank’s existing core banking system. As part of this new digital-first model, the Vemanti-branded banking platform will allow customers to sign up for accounts and get access to services entirely online, while still having the option of visiting a convenient branch location if needed. All customers will have access to tailored banking services and financial products able to be seamlessly integrated into their business operations.

“This agreement signals the next phase of growth for Vemanti Group,” said Tan Tran, CEO of Vemanti Group. “Vietnam remains one of the fastest growing world economies with a well-educated workforce and mostly young population of nearly 100M people. Today, SMEs account for more than 41% of its GDP which is projected to trend around 310B USD in 2022 and 340B USD in 2023. By leveraging our core competencies in this space, we’re able to create an entirely new banking experience for the underserved entrepreneurs and business owners. We believe our tech-driven but human-led formula is the right approach to accelerate digital transformation initiatives and to seamlessly drive customer engagement. We are looking forward to working with PVcomBank and combining our unique expertise to better address the banking needs of customers in Vietnam and beyond.”

PVcomBank has a network of 108 transaction offices in major provinces in Vietnam, and provides a wide range of products and services, that fully meet the demands of personal and corporate customers. The company is focused on bringing the best financial services and products while continually increasing value for its shareholders. In 2021, PVcomBank was ranked “The Best Digital Bank in Vietnam” and also one of the “Top 100 Strongest Brands in Vietnam”. Both Vemanti and PVcomBank look forward to contributing to the global movement of digital transformation in banking.

For more news and updates, shareholders and prospective investors are encouraged to follow @Vemanti on Twitter (https://twitter.com/Vemanti).

About Vemanti Group, Inc.

Vemanti Group, Inc. (OTCQB: VMNT) is a technology-driven company that seeks to become active in high-growth and emerging markets. The Company’s mission is to advance financial inclusion for the unbanked, underbanked consumers and businesses of the world. It is focused on building a financial ecosystem based on innovative fintech and blockchain applications. To learn more about VMNT, visit https://www.vemanti.com/

About PVcomBank

Vietnam Public Joint Stock Commercial Bank (PVcomBank) was founded on September 16, 2013, as a corporate amalgamation between PetroVietnam Finance Joint Stock Corporation (PVFC) and Western Joint Stock Commercial Bank (WesternBank). On October 1, 2013, PVcomBank officially operated with a charter capital of 9,000 billion VND and total assets of more than 100,000 billion VND, equivalent to 390M USD & 4.4B USD. Up to now, PVcomBank has developed a strong network of 109 transaction points with more than 4,400 employees. With the mission “Bank Without Distance”, PVcomBank always aims at building an image of a friendly, dedicated bank, working for the success of customers. We are committed to becoming the best bank in providing services following social standards. With a professional working environment, taking customers’ and partners’ benefits as the main target, at the same time, implementing corporate social responsibility, PVcomBank hopes to bring benefits to employees, community, and value-added to shareholders. We were named as one of the Top 500 Fastest Growing Enterprises in Vietnam (FAST500) by the Vietnam Report JSC and the VietNamNet e-newspaper on March 10, 2021. To learn more about PVcomBank, visit https://www.pvcombank.com.vn/

Legal Disclaimer

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Form 10 filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

Vemanti Group, Inc.
Investor Relations
(800) 768-1288
ir@vemanti.com

IRVINE, Calif., Jan. 18, 2022 (GLOBE NEWSWIRE) — Vemanti Group, Inc. (“Vemanti” “Vemanti Group” or the “Company”) (OTCQB: VMNT) today announced that it has signed a non-binding Letter of Intent (the “LOI”) with Vietnam Public Joint-stock Commercial Bank (“PVcomBank”) to become one of the first Small-to-Medium Enterprise (SME) neobanking solutions in Vietnam. This signals a strategic move into the digital banking space for the Company, who will also look to continue its financial service expansion into additional countries in SE Asia in the near future.

The LOI is a major step forward on an integrated bilateral formal partnership for Vemanti Group and PVcomBank, which announced their first Memorandum of Understanding (MOU) to create joint financial projects in Q3 2021. PVcomBank is a fully licensed and regulated bank in Vietnam with comprehensive core banking products and services. Recently, the company has worked to advance its digital banking segment, offering new, easier to use banking features to its large customer base.

Pursuant to the terms of the LOI, it is the intention of the parties to sign a definitive agreement within 90 days of signing of the LOI and by March 31, 2022. Vemanti will utilize PVcomBank’s industry-leading banking expertise to provide SMEs in Vietnam with an innovative digital-only financial solution via PVcomBank’s existing core banking system. The Vemanti-branded digital bank platform will allow customers to be seamlessly onboarded online, eliminating the need to visit a physical branch, while giving them access to tailored banking services and financial products embedded to their business operations.

Neobanks, also known as digital or challenger banks, are a growing sector in the fintech space, representing a large portion of the investor funding over the last 24 months. According to a recent report from Grandview Research, the neobanking industry is expected to ​​reach USD 722.60 billion by 2028. It is anticipated to register a CAGR of 47.7% from 2021 to 2028. The market growth is credited to better usability, lower interest rates than traditional predecessors, and superior technology. Both Vemanti and PVcomBank look forward to contributing to the global movement of digital transformation in banking.

“We’re excited to partner with the Vemanti Group as we look toward the future of banking and work to promote the development of innovative products and services,” stated Ha Viet Nguyen, Deputy CEO from PVcomBank. “By integrating our industry-leading technology with other forward-thinking organizations like Vemanti Group, we can improve financial accessibility and access with fewer roadblocks to entry than traditional banking providers.”

PVcomBank has a network of 109 transaction offices in major provinces in Vietnam, and provides a wide range of products and services, fully meet the demands of personal and corporate customers. The company is focused on bringing the best financial services and products while continually increasing value for their shareholders. In 2021, PVcomBank was ranked “The Best Digital Bank in Vietnam” and also one of the “Top 100 Strongest Brands in Vietnam”.

“The partnership with PVcomBank allows Vemanti Group to make major inroads into digital banking, providing underserved SMEs with more streamlined and efficient products compared to the traditional banking structure,” said Tan Tran, CEO of Vemanti Group. “We’re looking forward to collaborating with PVcomBank and working together to advance the future of banking in Vietnam and Southeast Asia.”

For more news and updates, shareholders and prospective investors are encouraged to follow @Vemanti on Twitter (https://twitter.com/Vemanti).

About Vemanti Group, Inc.

Vemanti Group, Inc. (OTCQB: VMNT) is a technology-driven company that seeks to become active in high-growth and emerging markets. The Company’s mission is to advance financial inclusion for the unbanked, underbanked consumers and businesses of the world. It is focused on building a financial ecosystem based on innovative fintech and blockchain applications. To learn more about VMNT, visit https://www.vemanti.com/

About PVcomBank

Vietnam Public Joint Stock Commercial Bank (PVcomBank) was founded on September 16, 2013, as a corporate amalgamation between PetroVietnam Finance Joint Stock Corporation (PVFC) and Western Joint Stock Commercial Bank (WesternBank). On October 1, 2013, PVcomBank officially operated with a charter capital of 9,000 billion VND and total assets of more than 100,000 billion VND, equivalent to 390M USD & 4.4B USD. Up to now, PVcomBank has developed a strong network of 109 transaction points with more than 4,400 employees. With the mission “Bank Without Distance”, PVcomBank always aims at building an image of a friendly, dedicated bank, working for the success of customers. We are committed to becoming the best bank in providing services following social standards. With a professional working environment, taking customers’ and partners’ benefits as the main target, at the same time, implementing corporate social responsibility, PVcomBank hopes to bring benefits to employees, community, and value-added to shareholders. We were named as one of the Top 500 Fastest Growing Enterprises in Vietnam (FAST500) by the Vietnam Report JSC and the VietNamNet e-newspaper on March 10, 2021. To learn more about PVcomBank, visit https://www.pvcombank.com.vn/

Legal Disclaimer

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Form 10 filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

Vemanti Group, Inc.
Investor Relations
(800) 768-1288
ir@vemanti.com

IRVINE, Calif., Aug. 11, 2021 (GLOBE NEWSWIRE) — Vemanti Group, Inc. (OTCQB:VMNT) (“Vemanti”) announced today that it has signed a Fintech and Banking-as-a-Service (“BaaS”) business cooperation Memorandum of Understanding (“MOU”) with Vietnam Public Joint Stock Commercial Bank (“PVcomBank”) to jointly develop financial products and banking solutions for the underserved consumers and small businesses in Vietnam.

PVcomBank is a fully licensed and regulated bank in Vietnam with comprehensive core banking products and services. It has a network of 109 transaction offices in major provinces and cities in Vietnam that provide a wide range of products services for its individual and corporate clients. In recent years, it has made significant progress in the digital banking segment, bringing superior financial products and services to customers while also enhancing their experience. PVcomBank has received numerous awards from prestigious international financial institutions, including “Most Innovative Digital Bank – Vietnam, 2020”, “Best Bank for Customer Services in Vietnam for 2021”.

According to the signed MOU outlining the partnership, Vemanti will gain access to the technical know-hows and banking expertise of PVcomBank via the latter’s bank license, core banking services, and an existing technology platform purpose-built for API-based integration. The partnership’s mission is to develop, demonstrate, and provide innovative, tech-driven, embedded financial and banking services to customers without requiring them to go into a physical branch to become registered bank customers. A market study to assess the business opportunity and commercial feasibility of the planned services will be jointly carried out by both parties. Once launched, the on-demand commercially-ready banking services from PVcomBank will be accessible via Application Programming Interfaces (APIs) and offered as Vemanti-branded products in its ecosystem. It is aimed to be a cost-effective and efficient approach to bring banking services to the underserved consumers and small businesses compared to traditional banking products that are either under-penetrated or under-marketed.

The MOU is only the beginning. Both parties plan on establishing deeper collaboration down the line to further tackle existing and incoming challenges by leveraging technology to increase efficiency, especially in cross-border transactions.

For more news and updates, shareholders and prospective investors are encouraged to follow @Vemanti on Twitter (https://twitter.com/Vemanti).

About Vemanti Group, Inc.

Vemanti Group, Inc. (OTCQB:VMNT) is a technology-driven company that seeks to become active in high-growth and emerging markets. The Company’s mission is to advance financial inclusion for the unbanked, underbanked consumers and businesses of the world. It is focused on building a financial ecosystem based on innovative fintech and blockchain applications. To learn more about VMNT, visit https://www.vemanti.com/

About PVcomBank

Vietnam Public Joint Stock Commercial Bank (PVcomBank) was founded on September 16, 2013 as a corporate amalgamation between PetroVietnam Finance Joint Stock Corporation (PVFC) and Western Joint Stock Commercial Bank (WesternBank). On October 1, 2013, PVcomBank officially operated with a charter capital of 9,000 billion VND and total assets of more than 100,000 billion VND. Up to now, PVcomBank has developed a strong network of 109 transaction points with more than 4,000 employees. With the mission “Bank Without Distance”, PVcomBank always aims at building an image of a friendly, dedicated bank, working for the success of customers. We are committed to become the best bank in providing services following social standards. With a professional working environment, taking customers’ and partners’ benefits as the main target, at the same time, implementing corporate social responsibility, PVcomBank hopes to bring benefits to employees, community, and value added to shareholders. We were named as one of the Top 500 Fastest Growing Enterprises in Vietnam (FAST500) by the Vietnam Report JSC and the VietNamNet e-newspaper on March 10, 2021. To learn more about PVcomBank, visit https://www.pvcombank.com.vn/

Legal Disclaimer

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Form 10 filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

Vemanti Group, Inc.
Investor Relations
(800) 768-1288
ir@vemanti.com

IRVINE, Calif, July 07, 2021 (GLOBE NEWSWIRE) — Vemanti Group, Inc.’s (OTCQB:VMNT) (“Vemanti”) wholly-owned subsidiary, Vemanti Digital, Ltd. (collectively, the “Company”), announced today the launch of the Vemanti Dollar (“USDV”), an ERC-20 1:1 USD-pegged stablecoin, to registered early adopters. General roll-out plans are set to begin later this month in preparation for onboarding additional large-scale volume. USDV is one of the first stablecoins of its kind to be issued by an SEC reporting company.

USDV initially follows Ethereum ERC-20 standards with plans to rapidly expand into other blockchain networks. It holds a distinct advantage over all other tokens, such that it allows for blockchain ledger security without the price volatility of traditional cryptocurrencies, as well as operating with full regulatory compliance. USDV can be adopted easily by all commercial institutions that wish to process stablecoin as a form of payment within their own ecosystems.

Designed to be fast, low-cost, and borderless, the USDV stablecoin plans to provide the following use cases to individuals and businesses:

  • Payments & Remittances
  • Payroll
  • Settlement
  • Lending & Trading
  • Decentralized Finance (DeFi) applications
  • Escrow services
  • Alternative banking services

Owners of USDV stablecoin can easily redeem it for USD or 150+ global currencies from anywhere in the world through SWIFT wires. Users of the USDV stablecoin can also access a multi-token wallet that allows for convenient management of USDV and other major digital assets, such as Bitcoin, Ethereum, USDC, USDT, and more. The wallet is equipped with multi-layer authentication security and technology, as well as the following planned features:

  • Staking
  • Credit lines
  • Buying, selling, and trading various digital assets
  • Crypto escrow
  • E-voucher

Tan Tran, CEO of the Company, commented, “The launch of USDV will be a watershed moment for Vemanti as we look to aggressively gain footprint in the digital payments and money transfer markets. By addressing transparency and trust issues inherent in other stablecoins, we believe we are well positioned for rapid expansion and high-volume user adoption, which will create sustainable value for our shareholders.”

For more news and updates, shareholders and prospective investors are encouraged to follow @Vemanti on Twitter (https://twitter.com/Vemanti).

About Vemanti Group, Inc.

Vemanti Group, Inc. (OTCQB:VMNT) is a technology-driven company that seeks to become active in high-growth and emerging markets. The Company’s mission is to advance financial inclusion for the unbanked, underbanked consumers and businesses of the world. It is focused on building a financial ecosystem based on innovative fintech and blockchain applications. To learn more about VMNT, visit www.vemanti.com.

About Vemanti Digital,Ltd.

Vemanti Digital, Ltd. (VDL) is a wholly-owned subsidiary of Vemanti Group with a focus on blockchain-based products and decentralized financial services. VDL is based in Tortola, BVI.

Legal Disclaimer

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Form 10 filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

Vemanti Group, Inc.
Investor Relations
(800) 768-1288
ir@vemanti.com

IRVINE, Calif., June 23, 2021 (GLOBE NEWSWIRE) — Vemanti Group, Inc. (“Vemanti” “Vemanti Group” or the “Company”) (OTCQB:VMNT), a multi-asset technology-driven company, today announced the establishment of a new wholly-owned subsidiary under the name of Vemanti Digital, Ltd. (“VDL”). VDL will be part of the Company’s business plans and intends to act as a financial technology platform that empowers consumers and businesses to utilize the power of public blockchains for cross-border payments, commerce, and financial transactions, including but not limited to applications such as Decentralized Finance (DeFi) lending/borrowing, staking/swapping, asset tokenization, digital currency minting/mining, and Non-Fungible Tokens (NFTs).

Tan Tran, CEO of Vemanti Group, commented, “We recognize that blockchain and digital currency have the potential to enhance efficiency, lower costs, and foster broader financial inclusion. We are gradually implementing our strategy to get more entrenched in the monetization of blockchain applications and to bridge the gap between traditional and decentralized finance. With a focus of solving real-world problems for the underbanked of the world, we believe the establishment of a new subsidiary will serve as a strategic business unit on which we can expect tremendous future revenue growth. As an SEC reporting company, it also reflects our commitment to promote the benefits of innovation through transparency, trust, and regulatory compliance.”

For more news and updates, shareholders and prospective investors are encouraged to follow @Vemanti on Twitter (https://twitter.com/Vemanti).

About Vemanti Group, Inc.

Vemanti Group, Inc. (OTCQB:VMNT) is a technology-driven company that seeks to become active in high-growth and emerging markets. The Company’s mission is to advance financial inclusion for the unbanked underbanked consumers and businesses of the world. It is focused on building a financial ecosystem based on innovative fintech and blockchain applications. To learn more about VMNT, visit www.vemanti.com.

About Vemanti Digital, Ltd.

Vemanti Digital, Ltd. (VDL) is a wholly-owned subsidiary of Vemanti Group with a focus on blockchain-based products and decentralized financial services. VDL is based in Tortola, BVI.

Legal Disclaimer

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Form 10 filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

Vemanti Group, Inc.
Investor Relations
(800) 768-1288
ir@vemanti.com

IRVINE, Calif., June 15, 2021 (GLOBE NEWSWIRE) — Vemanti Group, Inc. (“Vemanti” or the “Company”) (OTCQB:VMNT), a multi-asset technology-driven company, today announced that its Form 10 Registration Statement initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 9, 2021, became effective on June 9, 2021. Moving forward, the Company will be subject to the reporting requirements subject to the periodic and current reporting requirements of Section 13 or 15(d) of the Exchange Act.

The Form 10 provides investors with detailed information about the Company’s operations, including an overview of the business strategies, risk factors and financial statements. This additional information should allow for investors to make an educated investment decision regarding the Company. The Form 10 is available at www.sec.gov under the name of Vemanti Group, Inc.

Tan Tran, CEO of Vemanti, stated “The effectiveness of our Form 10 registration statement is a major milestone. Due to our unique business model and our future plans to engage in the fintech and blockchain sectors, we believe that being a fully reporting company will bring a greater level of comfort for our partners and investors. Additionally, being regulated and with clear transparency will help to differentiate us from other competitors in the blockchain space.

The Company’s ultimate mission is to advance financial inclusion for the unbanked underbanked consumers and businesses of the world. It is focused on building a financial ecosystem based on innovative fintech and blockchain applications.

For more news and updates, shareholders and prospective investors are encouraged to follow @Vemanti on Twitter (https://twitter.com/Vemanti).

About Vemanti Group, Inc.

Vemanti Group, Inc. (OTCQB:VMNT) is a technology-driven company that seeks to become active in high-growth and emerging markets. Our core strength is in technology development. We intend to drive future growth through acquisitions and investment in disruptive and foundational technologies in early-stage companies that have market viable products. To learn more about VMNT, visit www.vemanti.com.

Legal Disclaimer

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Form 10 filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

Vemanti Group, Inc.
Investor Relations
(800) 768-1288
ir@vemanti.com