August

We reached a number of milestones, such as:

• An agreement was reached between Banco BAI and Correios (Post Office) for Personal Profile Validation. Signature to occur later this week.
• The commercial team has been in the field for 12 days resulting in significant gains. User acquisition was up 27% from July while merchant acquisition was up 40%.
• Video script for the communication campaign is approved with the production of the first video draft to start immediately.
• Branding proposals are under consideration with the following partners:

o Correios ( Cape Verde post Office )

o Banco BAI Agencies

o Casa do Cidadão ( City Hall )

o Shell gas stations stores

• Pilot Test with CVMovel (Telecom Company) started at their main location. This will test CVMovel customers’ ability to receive payments on Makeba’s platform.