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InnoVEX 2023 Gathers Startups From 22 Countries Demonstrating Endless Possibilities

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InnoVEX 2023 Gathers Startups From 22 Countries Demonstrating Endless Possibilities

The InnoVEX exhibit for startups at COMPUTEX 2023 will be held at Taipei Nangang Exhibition Hall 2 from May 30 to June 2. As a global platform for startups, InnoVEX 2023 will integrate 5G, AIoT, healthcare technology, metaverse and XR, electric vehicles and smart mobility, green technology, and other innovative solutions. A total of 400 participating startup teams from 22 countries and 8 pavilion countries, including France, Belgium, Italy, the Netherlands, Poland, Japan, Brazil, and Israel, will showcase diverse creativity.

InnoVEX Forms a New Global Village Gathering National Pavilions

Every year, InnoVEX brings together startups and ICT experts from many countries, connecting rich creative industry resources and funds worldwide. This year, in addition to inviting the European Bank for Reconstruction and Development (EBRD) to lead startups from emerging markets such as Eastern Europe and Africa to participate in the exhibition, there are also several national pavilions. As a result, the global innovation ecosystem is expected to spark business energy at InnoVEX.

This year, there are many European pavilions. The four main themes of the French Pavilion include power supply and management, consumer electronics, human-computer interaction, and information and communications security. Among them, leading battery manufacturers’ solid-state micro battery fast charging technology attracts much attention. Flanders Pavilion of Belgium leads an interdisciplinary team of system integrators, blockchain technology, submarine cable monitoring and maintenance through machine learning, and Belgium’s fastest-growing silicon photonics semiconductor company. The Italian Pavilion participates in the exhibition for the first time as a national pavilion, showcasing research and development of the first integrated query algorithm for vessel-sharing transactions and innovative construction site monitoring. The Dutch Pavilion returns with the tagline “The Orange Accelerator,” which focuses on the futuristic and sustainable blockchain space and promotes the new application of blockchain authentication solutions. Finally, architectural design software, screen protection, and software development teams are presented in the Poland Pavilion, hoping to use mature technology and experience of successful business model experience to communicate with innovations from all walks of life.

Moreover, 10 new startup teams will be in attendance, expecting closer cooperation between Taiwan and Japan at the Japan Pavilion. The Brazil Pavilion hopes to use mature technology and business models to communicate with the world. And the Israel Pavilion is world-renowned in the field of information security technology.

The Technology and Creativity of the Startup Teams

In addition to the country pavilions, startup teams supported by accelerators or government units are also exciting. The Garage+ leads 37 technology startups selected from over 200 startups from 38 countries worldwide to participate in the exhibition. Far EasTone Accelerator, participating in the exhibition for the first time, used InnoVEX to promote communication between its cloud and Internet of Things startups and international startups.

The TREE Innovation Theme Pavilion of the Ministry of Economy’s Technology Department responds to the government’s three innovation development visions: Connecting the Future, Connecting the World, and Connecting the Local Area. The focus is on applying scientific research innovation in semiconductors, information security, AI, smart life, biotechnology, and more.

Taiwan’s latest accelerator TAcc+, in conjunction with “Linkou Startup Terrace”, ” Yawan Startup Terrace”, “National Yang Ming Chiao Tung University Accelerator A2T Program”, “Hsinchu Biomedical Industry and Incubation Center” and other units, exhibit together in the small and medium-sized enterprise department of the Ministry of Economic Affairs. The Innovation Theme Pavilion showcase in the fields of smart healthcare, smart life, smart manufacturing, and green technology.

The first-timer Tainan’s New Startup Pavilion establishes local innovation as the theme and combines with teams such as zakka & cafe and Taiwan Pure Culture & Education Development Association to demonstrate the achievements of industrial transformation and the endless possibilities of cross-field innovative applications.

Forums and Presentations to Create a Global Exchange Platform for Startups and Venture Capital

To connect Taiwan to the global startup ecosystem, a series of activities will also be held in the InnoVEX exhibition area, such as: What’s New: The future technology and the next startup trend 2023 hosted by TAITRA will be held on May 31. In addition to imec.Xpand partners and WIEC to share global investment trends, professionals from multinational companies such as Barco, a leader in Belgian visualization solutions, and ITEN, a leading French battery manufacturer, were invited to share information on AR, VR, and smart healthcare, as well as the advantages of creative applications in smart homes and other fields and the trend of international venture capital.

The all-day Global Demo Day event is expected on June 1st. Teams from France, Italy, the Netherlands, and Belgium, and teams organized by the European Bank for Reconstruction and Development and the Far EasTone Accelerator, will present application products and solutions for innovative industries, interact with local startups and discuss their strengths to discover potential investment opportunities.

For more updated InnoVEX 2023 information, please check the official COMPUTEX website: www.computextaipei.com.tw. Online registration is welcome.

About COMPUTEX

COMPUTEX was founded in 1981. It has grown with the global ICT industry and become stronger over the last four decades. Bearing witness to historical moments in the development of and changes in the industry, COMPUTEX attracts more than 40,000 buyers to visit Taiwan every year. It is also the preferred platform chosen by top international companies for launching epoch-making products.

Taiwan has a comprehensive global ICT industry chain. Gaining a foothold in Taiwan, COMPUTEX is jointly held by the Taiwan External Trade Development Council and Taipei Computer Association, aiming to build a global tech ecosystem. COMPUTEX uses cross-domain integration and innovation services as the most powerful driving forces for achieving the goal of becoming a new platform for global technological resources.

About TAITRA:

The Taiwan External Trade Development Council (TAITRA) is Taiwan’s foremost trade promotion organization. TAITRA is a public-benefit corporation founded by the Ministry of Economic Affairs by uniting industry and commerce groups from the private sector with the purpose of helping them expand their global reach. Currently, TAITRA has a team of more than 1,300 trade professionals, both domestically and abroad. Headquartered in Taipei, TAITRA operates 5 local offices in Taoyuan, Hsinchu, Taichung, Tainan, and Kaohsiung, as well as 63 branches worldwide. It has also signed cooperation agreements with 319 sister organizations that promote international trade. By forming a comprehensive trade services network that provides zero-time-difference and borderless real-time services, TAITRA continues to work with enterprises to jointly pursue the steady development of Taiwan’s economy. It is the best partner for your success in business expansion.

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Brex Launches New Digital Banking* Products for Startups

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New Checking and updates to Treasury and Vault accounts offer increased saving flexibility and higher yield

New partnership with Column N.A., Member FDIC enables businesses to quickly and easily open new accounts, and avoid transaction fees

SAN FRANCISCO, June 18, 2024 — Brex, the leading all-in-one financial stack supporting 1 out of 3 startups in the U.S.**, today launched new digital banking products and a number of updates to its flagship business account, giving founders access to capital where and when they need it. This launch makes Brex the only spend management platform to marry corporate cards, expense management, bill pay, travel booking, treasury, and banking into one vertically integrated offering.

“Henrique and I started Brex after moving from Brazil to the Bay Area and seeing firsthand the uphill financial battle founders face. Traditional banking is too slow, and even ‘founder-friendly’ neobanks still charge hidden fees and lack global support,” said Pedro Franchesci, Co-Founder and CEO of Brex. “Access to banking and cash is one of the most critical factors for startup success, and we’re proud to be expanding our Banking capabilities to support founders from inception to IPO.”

Brex business accounts now benefit from new advanced security features including comprehensive fraud protection, authentication tools and built-in payment approval flows, all accessible directly from the Brex mobile app with 24/7 support via the app, by phone, or through WhatsApp. Customers can now access three distinct accounts within business accounts to:

  • Confidently open accounts and transfer funds around the world with the new Checking account powered by Column N.A., with no transaction fees on ACH transfers, checks, and domestic wires – plus international wires in over 40 currencies. Opening a Checking account is easy and can be done entirely online.
  • Expand spending power with an updated and fully-integrated Treasury account, making it simpler to oversee and manage funds and earn yield from day one with auto-transfer capabilities and no fees, minimum balance requirements, liquidity restrictions, or waiting periods.
  • Safeguard capital with the updated Vault account, where funds are diversified across more than 20 program banks with up to $6M of total FDIC insurance (20x the national average).

“Banking is highly complicated and heavily regulated, but Column built a new type of bank from the ground up and redefined what a bank could be,” said Brex Head of Startups Jason Mok. “We partnered with Column because their unique approach to banking provides the speed, flexible account model, and API-first approach that no one else can. These aspects are essential to building banking products that power our customersʼ growth.

Brex’s original business accounts launched in 2019, enabling founders to open operating accounts and manage finances from anywhere without ever stepping foot in a bank. And when SVB collapsed in early 2023, Brex and the Brex business account were on the front lines helping founders in new ways. Between March 9 and March 16 2023, Brex took in 4,000 customers and $2 billion in deposits, and within 48 hours Brex established a $1B emergency bridge loan to help impacted companies make payroll. More than 90% of the customers that signed up during the week of the SVB collapse are still active Brex customers, and more than 1/3 of customers now use Brex business accounts.

This comes as the latest of Brex’s commitment to helping the fastest-growing startups get the most out of every moment of their journey from day one. In addition to business accounts, Brex offers a full financial stack for early-stage companies:

  • Get their business off the ground faster by accessing Brex business accounts immediately upon incorporation with Stripe Atlas.
  • Unlock operating capital with higher credit limits — without a personal guarantee — and easily issue corporate cards + reimbursements.
  • Pay vendors faster with automated bill pay and simplify all of your onboarding and payment processes.
  • Extend their runway with over $400K in discounts, founder-friendly rewards, exclusive invites to events with VCs in our network, and more.

To learn more about this new capability and how Brex is giving founder a competitive edge through Banking, visit: https://www.brex.com/journal/brex-startups-modern-banking

*Brex is a financial technology company, not a bank. Checking accounts and banking services provided by Column N.A., Member FDIC. Treasury and Vault are offered by Brex Treasury LLC, Member FINRA and SIPC. Vault accounts allow customers to sweep cash into program banks. Brex Treasury is not a bank nor an investment adviser. Yield is variable.
** Market share of customers activated on Brex out of all US-headquartered startups with <50 employees and have raised a professionally invested round in the last 8 quarters.

About Brex
Brex is the AI-powered spend platform. We transform finance teams from reactive no-sayers to proactive growth drivers. With Brex, companies spend with confidence by empowering employees to make smarter financial decisions from anywhere. Brex provides corporate cards, business accounts, and global payments, plus intuitive software for travel and expenses, that make it easy to plan and track all company spend in one place, in real time. Tens of thousands of companies from startups to global enterprises — including DoorDash, Flexport, and Compass — use Brex to proactively control spend, reduce costs, and increase efficiency on a global scale.

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Flex and Yardi Unveil Seamless Rent Payment Integration in RentCafe

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Partnership offers Yardi clients a fully integrated rent payment solution, empowering residents with financial flexibility.

NEW YORK, June 18, 2024Flex, a leader in financial wellness solutions, is proud to announce a new strategic partnership with Yardi®, a leading property management software provider. This collaboration provides residents with unprecedented payment flexibility and simplicity, embedded in the RentCafe resident portal.

“At Flex, we are committed to simplifying the rent payment process for residents and property managers alike,” said Shragie Lichtenstein, CEO and Co-founder at Flex. “Our partnership with Yardi allows us to deliver a seamless, integrated experience that not only enhances resident satisfaction but also improves operational efficiency for property managers.”

The integration allows residents to split their monthly rent into smaller, more manageable payments, ensuring property managers receive the full amount, when it’s due. Residents can discover and sign up for the payment option directly within their RentCafe portal. Once registered, the Flex service is immediately available to residents, with no additional work or cost for onsite teams.

“Integrating Flex’s innovative payment solutions within RentCafe helps our clientsmeet the expectations of today’s renters,” added Patrick Hennessey, Vice President and General Manager at Yardi. “Personalizing the rent payment process is a crucial step towards enhancing our overall customer experience.”

“Flex is the only company to work directly with both property management companies and their underlying management software to offer the best possible flexible rent payment experience,” continued Lichtenstein. “Now, by embedding Flex directly into RentCafe, we are setting a new standard for accessibility and convenience.”

Flex has facilitated over $8 billion in on-time rent payments for thousands of property management companies across the U.S. By implementing Flex’s solutions, property managers can increase resident retention and boost NOI, while residents benefit from improved cash flow. This dual advantage strengthens the financial stability of both property management companies and the communities they serve.

About Flex
Flex is a leading financial services company that allows residents to split their rent and build their credit. Trusted by over 1,600 property management companies and offered in more than 6 million units nationwide, Flex has paid more than $8 billion in on-time rent. By integrating seamlessly with major property management systems, Flex offers a simple solution that supports operational efficiency and creates a superior resident experience.

About Yardi
Celebrating its 40-year anniversary in 2024, Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. With over 9,000 employees, Yardi is working with clients globally to drive innovation in the real estate industry.

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Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC

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Company adds another patent to its portfolio with acquisition

MELBOURNE, Fla., June 18, 2024Fifty 1 Labs, Inc. (OTCPK: CAFI), a leading company in the sports supplement, sports equipment, and health and wellness industries, is thrilled to announce the acquisition of Drago Knives, LLC, a Florida-based company specializing in innovative throwing knives. Founded by Dragan Zivotic, a former member of the Serbian Army and an expert in knife throwing, Drago Knives plans to make significant contributions to the sports and outdoor equipment sector with its patent-pending design for throwing knives.

The acquisition of Drago Knives, LLC, marks a significant milestone for Fifty 1 Labs as it expands its portfolio into the growing market of throwing knives, an ancient practice with a rich history that dates back to prehistoric times. Historically, throwing knives have been used across various cultures for hunting, combat, and sport, evolving over centuries into a popular activity for enthusiasts and professional competitors alike.

Drago Knives, LLC, will distinguish itself in this market with a unique patent-pending design that enhances the throwing knife experience. This design allows users to correctly place their fingers and hand on the knife, enabling quick proficiency in knife throwing—a skill that combines art, sport, and precision. This innovation not only honors the traditional aspects of knife throwing but also brings a modern twist that appeals to beginners and experienced throwers.

“We are excited to welcome Drago Knives into the Fifty 1 Labs family. This acquisition aligns with our commitment to providing high-quality, innovative products to our customers,” said Robert Clark, CEO of Fifty 1 Labs, Inc. “Dragan Zivotic’s expertise and passion for knife throwing have led to the creation of a product that we believe will set a new standard in the industry.”

Throwing knives are currently sold in select sports equipment stores, online retailers, and specialty shops across the United States and are gaining popularity among a wide range of consumers, from outdoor enthusiasts to professional athletes. The growing interest in throwing knives as a sport and hobby is evident in the increasing number of competitions and clubs dedicated to knife throwing, indicating a bright future for this segment.

Fifty 1 Labs, Inc is committed to leveraging its resources and network to further enhance the Drago Knives brand, expand its distribution channels, and introduce the sport of knife throwing to a broader audience.

About Fifty 1 Labs, Inc (CAFI)

Fifty 1 Labs, Inc. (Ticker symbol: CAFI), a publicly traded entity presently in the process of a name and symbol transition to become Fifty 1 Labs, Inc. from Consumer Automotive Finance, Inc. This transformation accompanies the company’s ownership of three distinct subsidiaries entrenched within the domains of sports supplementation, fitness apparatus, and the realm of holistic well-being. These subsidiaries encompass 51, LLC, a distinguished brand specializing in sports supplementation; The Quickness, the proud bearer of a patent for pioneering athletic training equipment, meticulously crafted to amplify linebacker development; and Astound NMN, a beacon of excellence within the anti-aging sector, heralding the era of DNA reparation through its premium supplements. Guided by an unwavering commitment, Fifty 1 Labs, Inc. remains at the forefront of ingenuity, consistently presenting avant-garde solutions infused with state-of-the-art technology, poised to empower individuals in their pursuit of fitness and holistic health aspirations. Furthermore, Fifty 1 Labs, Inc. remains actively engrossed in the pursuit of strategic acquisitions, aimed at fortifying its portfolio by incorporating profit-generating enterprises into its fold.

About Drago Knives, LLC

Founded by Dragan Zivotic, Drago Knives, LLC, is based in Florida and specializes in the design and manufacture of high-quality throwing knives. With a patent-pending design, Drago Knives aims to make knife throwing accessible and enjoyable for everyone, from beginners to seasoned throwers.

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