Vemanti to Acquire Devblock, Adding AI and Digital Transformation Capabilities to Bolster Its Neobanking Strategy in SE Asia

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.

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