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Dear all,

We come to the close of what has been an extremely successful quarter for Everex in terms of growth, development, hirings and partnerships. We are glad to share with you the progress we made for Q2 2018 as well as a brief preview of what we have in store for Q3 2018.

Partnerships

Everex is excited to announce that a partnership agreement has been signed with a licensed mid-tier challenger Bank in Myanmar. An official announcement of this partnership is under preparation and a comprehensive Press Release campaign will be launched in the coming weeks.

This partnership is a long-term strategic focus as it strengthens Everex’s position in its contribution to the financial inclusion of the 1.4million Myanmar people living and working in Thailand.

This business agreement allows us to facilitate peer-to-peer remittances for the Thailand — Myanmar corridor which is a major breakthrough for Everex as this will help Myanmar migrant workers based in Thailand to send money back home at a fraction of the cost and at great speeds with a solution made easy-to-use even for the financially excluded population.

Technical development is being made, such as proper KYC implementation into Everex’s e-wallet. Those steps will comply with local Anti-Money Laundering and Combating the Financing of Terrorism (AML and CFT) policies.

Internal operational processes are currently in the works in close coordination with our partner in Myanmar. A team has been specifically set up for this project, under the supervision of Tim Scheffmann.

Various focus groups led by Rosalia Gitau, Director of Operations and Strategy, were executed in both countries, Thailand and Myanmar, in order to better understand the pain points of remitters with solutions from the Everex suite that match the end users need. Those focus groups have given Everex and our partner bank valuable insights on the requirements of the remitters such as:

Real-time notification is of primary importance

Speed is necessary but safety is valued more

Women remit more than men on average and globally, $682 million was remitted to Myanmar in 2017 with more than 50% coming from Thailand which is the most common destination for Myanmar migrants.

One of the various focus groups conducted by Everex

This partnership will help Everex move forward with the goals set forth in the roadmap.

Presentations and talks

Everex is constantly featured in conferences and talks in our key target markets around the world. The goal of Everex in highlighting the blockchain-based solution for money transfers and payments is to gain new business leads in need of such a solution and to partner up with them in order to execute successful pilots in the short run which would be converted into long term business partners.

These reputed conferences where Everex team members were invited to speak and present our solutions, such as Euromoney Conferences and Money 20/20, have led to further discussions with important government representatives of various economies and regulators.

The Greater Mekong Investment Forum by Euromoney Conferences — the world’s leading organizer of events for capital markets and investment professionals

Tim Scheffmann, Regional Managing Director of Everex, spoke about the importance of the blockchain and how companies like Everex can positively impact the region’s GDP and financial landscape. This was presented to an audience of 500+ people who comprised of central bankers, investment bankers and business leaders from the Greater Mekong region.

This conference opened doors for a discussion with the minister of Thailand.

Tim Scheffmann has initiated discussions with the minister of Thailand, Dr. Pichet Durongkaveroj — the honourable minister of digital economy and society, Thailand — where discussions related to the collaboration between banks and fintechs like Everex were discussed in depth to understand the value that it can bring to the overall technological development of Thailand. This meeting saw the heads of many banks which will progress into follow-up meetings with Everex.

Tim Scheffmann, Regional Director, Everex pictured here with the honourable minister.

Euromoney East Africa conference

Evgeni Mitkov, COO of Everex, was one of the invited speakers at the Euromoney East Africa Conference where Everex was privileged to discuss the problems and provide blockchain based solutions to a wide audience of esteemed guests including sharing the stage with the governor of Central Bank of Kenya and the National Bank of Rwanda amongst others.

Evgeni Mitkov, COO of Everex talking at the Euromoney Conference, Kenya

Money 20/20 Amsterdam

Marking our entry into Europe, Everex participated in the Money 20/20 conference in Amsterdam to partner with licensed financial institutions in the continent. This will be our focus for the coming months as Europe is also another important financial hub and a strong partner from the region will enable Everex to add additional corridors for global coverage.

Frankfurt Accelerator

Additionally, to increase our visibility in the European market, Everex has been a part of Accelerator Frankfurt in Germany. This has helped us to connect with the right partners and valid leads focusing on our growth into Europe. A demo day was held recently where Alexi Lane, CEO of Everex had the opportunity to present the blockchain solution to over 150 bankers in attendance.

Everex team members after the succesful presentation of the Demo Day at Accelerator Frankfurt

New hirings

As a part of the expanding scale of operations for Everex, our team keeps growing and we are thrilled to welcome new additions to the Everex team this quarter:

Tim Scheffmann has joined as the Regional Managing Director, Indochina and Australia. Tim is a former banker and has worked for Credit Suisse and other well-known financial institutions for over 25 years, across most of the major financial hubs in the world. With an extensive experience in Finance, Banking and Mobile Money across South East Asia, Tim contributes significantly to the growth and expansion of Everex in our target region.

has joined as the Regional Managing Director, Indochina and Australia. Tim is a former banker and has worked for Credit Suisse and other well-known financial institutions for over 25 years, across most of the major financial hubs in the world. With an extensive experience in Finance, Banking and Mobile Money across South East Asia, Tim contributes significantly to the growth and expansion of Everex in our target region. Ms. San Thawda Wun is appointed as the Country Manager — Myanmar for Everex. As a former Country Director of TrueMoney, a leading mobile payment company in Thailand / Myanmar, Mrs. San Thawda Wun has over 10 years of experience in Fintechs and cross-border remittances where she brings in a lot of experience in understanding our specific target market, and in the execution of the Everex solution to the Myanmar end users.

is appointed as the Country Manager — Myanmar for Everex. As a former Country Director of TrueMoney, a leading mobile payment company in Thailand / Myanmar, Mrs. San Thawda Wun has over 10 years of experience in Fintechs and cross-border remittances where she brings in a lot of experience in understanding our specific target market, and in the execution of the Everex solution to the Myanmar end users. Ms. Pattamon Piwatpanyakorn joined Everex earlier this month as the Head of Financial Accounting for Everex Global operations, and is responsible for internal accounting, treasury and tax.

joined Everex earlier this month as the Head of Financial Accounting for Everex Global operations, and is responsible for internal accounting, treasury and tax. Ms. Lattana Keosihavong, a former investment banker with solid experience in the Banking sector for Asia, is joining Everex as Country Manager — Laos. Prior to joining Everex, Mrs. Lattana Keosihavong worked for BRED bank, a French bank in Laos. Having worked as a consultant to various firms in the mobile money and mobile banking sectors, she is a strong asset to the team in building our presence across South East Asia and in executing Everex’s wallet solution.

(L to R) Tim Scheffmann, San Thawda Wun, Pattamon Piwatpanyakorn and Lattana Keosihavong

In the press

Everex and the team members have been consistently featured in articles and publications from media around the world. These articles and interviews display the popularity of Everex as we keep getting requests for media features on a consistent basis, increasing the brand’s awareness worldwide.

View here the links to the various media features over the last quarter:

We have opened our new office

We are excited to announce that we have opened an Everex office in Bangkok earlier this month.

This is an exciting moment for all of us, as this marks the start of a new chapter for Everex, accounting for growing team members and new deal opportunities.

New office space of Everex in Bangkok, Thailand

Outlook for Everex’s next milestone

Now that we have an operational process set up for the cross-border remittance use case and a foundational partnership, we are planning to take the lead on commercial testings through our target end users and banking integration, with updates made in the back-end of the e-wallet. And to further our efforts in accelerating our global presence, we will also focus on opening new corridors into Europe.

On this note, we would like to thank you all for your continuous support throughout those moments, and we look forward to sharing much more exciting news with you all.