TORONTO, June 29,
2023 /CNW/ - Prodigy Ventures Inc. (TSXV: PGV), is
proud to announce the effective date of its name change to genifi
inc. ("genifi" or the "Company"), and its new stock ticker symbol
(TSXV: GNFI). This name change will complete the Company's
transformation into a provider of recurring revenue SaaS API
platforms, following the sale of its services business, Prodigy
Labs, earlier this year. Genifi delivers cutting-edge platforms,
including IDVerifact™ for digital identity verification, tunl. for
open banking, and tunl.chat for generative AI-driven customer
service. The Company's platforms provide seamless integration of
multiple Fintech platforms offered by its partners. The Company's
common shares will commence trading on the TSX Venture Exchange
under the new name and stock symbol on July
4, 2023.
Genifi's rebranding is aligned with its commitment to driving
innovation in the Fintech sector with its transformative platforms.
The name genifi, derived from "next generation" and "Fintech",
encapsulates the Company's mission, "Delivering Fintech
Innovation."
Genifi is also taking this opportunity to transition from its
FICANEX Technology brand to operate solely under the tunl. name for
its open banking and AI-driven chat business. The name change
is being completed in connection with a vertical amalgamation of
the Company with two of its wholly-owned subsidiaries, Ficanex
Technology Inc. and IDVerifiact Inc. (together the "Subsidiaries").
No securities of the Company will be issued in connection with the
amalgamation and the Company's share capital will remain unchanged.
All of the issued and outstanding shares of the Subsidiaries will
be cancelled and the assets, liabilities and obligations of the
Subsidiaries will be assumed by the Company. The amalgamation will
not have any significant effect on the business and operations of
the Company.
"We are thrilled to embark on this next stage of our growth with
our new name, genifi, as we continue to lead the way in digital
identity, open banking, and generative AI," said Tom Beckerman, CEO of genifi. "Our platforms
deliver exceptional value to enterprises and financial
institutions, and our upcoming releases will expand our
capabilities to an even wider range of Fintech partners. We look
forward to increasing our recurring platform revenue and enhancing
our delivery of Fintech innovation with our IDVerifact, tunl. and
tunl.chat platforms."
About genifi inc.
Genifi (formerly Prodigy Ventures) delivers Fintech innovation,
with its cutting-edge platforms: IDVerifact for digital identity
verification, tunl. for open banking, and tunl.chat for AI-driven
chat. Genifi has been recognized as one of Canada's fastest-growing companies and is
committed to driving innovation in the Fintech industry.
For more information about genifi and its Fintech platforms,
please visit genifi.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Prodigy Ventures Inc.