January 12, 2022 - MONTHLY PROGRESS REPORT MONTHLY PROGRESS REPORT - Date: January 12, 2022
Number of Outstanding Listed Securities: 72,507,476
Product overview:
Intellabridge Technology Corporation is a fintech blockchain neo-bank that provides retail and institutional investors with access to decentralized financial applications with additional layers of cybersecurity, consumer protection, and customer service. Intellabridge offers depositors self-custody services to empower them with complete transparency and control over their accounts through its institutional-grade platform.
The Kash product features DeFi interest-bearing savings vaults, stablecoin checking, fiat-crypto exchange, synthetic stock, ETF and commodity trading, and other DeFi banking services, with plans to offer debit cards, virtual cards, Apple Pay and Google Pay.
On December 14, 2021, Intellabridge announced that its common shares were trading on the Frankfurt Stock Exchange ("FSE") under the symbol KASH at the market open starting December 14, 2021. The change in the ticker symbol was made to provide greater association between the "Intellabridge" corporate brand and the "Kash" product of the Company.
On January 10, 2022, Intellabridge announced that its Kash product was selected to join the Mastercard Start Path program, an award-winning program that was created to enable technology companies to scale and grow through access to Mastercard's technology expertise and innovative solutions.
Mastercard's Start Path global startup engagement program is dedicated to supporting fast-growing digital assets, blockchain and cryptocurrency companies, amongst others. Inclusion in the program is designed to support Kash as a global blockchain banking solution, and is expected to accelerate Kash's market expansion and growth by connecting Kash with Mastercard's strategic network of relevant partners and enterprises, as well as through valuable co-marketing and customer connections.
In addition, this program may allow Kash to integrate with relevant Mastercard products, thus delivering new value through innovation and enhanced security for consumers.
Mastercard Start Path is a highly selective startup engagement program, founded in 2014, that attracts startups that are post-Seed to Series A and has included some of the fastest-growing fintech startups in the world. Start Path's crypto and digital asset program is specifically designed to help blockchain fintech companies leverage the expertise of Mastercard as they build solutions to address the current paradigm shift in financial services. https://startpath.mastercard.com/spglobal/home.html
As of January 12, 2022, the Kash application has 94,497 registered users.
On December 29, 2021, Intellabridge issued a total of 119,000 common shares of the Company to six advisors pursuant to various advisory agreements. The common shares were issued at a price of $0.70 per Issued Share for total consideration of $83,300.