2023-04-25 08:54:08 ET
- Vemanti Group ( OTCQB:VMNT ) to acquire 100% ownership of Devblock Technologies, becoming Southeast Asia’s first neobank for SMEs.
- Based in Seattle, WA, Devblock is a technology platform and development company that specializes in AI, ML, blockchain, and cloud computing.
- 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.
- Deblock will be a wholly-owned subsidiary of the company.
- The transaction is expected to be completed in Q2 2023.
For further details see:
Vemanti Group to acquire Devblock Technologies