MobiBank Secured a Share Deal and Partnership with the Telecom Sector, Paving the Way for USA Expansion

MIAMI, FL, October 19, 2023 - MobiBank is thrilled to announce a landmark achievement in its journey of innovation and expansion. I'm absolutely thrilled to share the news that we have successfully sealed a share deal with a highly valuable new shareholder in the Telecom sector from the USA today.

Today, we successfully inked a share deal with a prominent shareholder in the Telecom sector, hailing from the United States. This strategic move is set to have far-reaching implications, significantly elevating MobiBank's valuation and opening doors to the vast and dynamic USA market and giving a great start to our IPO journey, which means that this development is poised to significantly impact our valuation.

This new collaboration positions MobiBank to work closely with leading Telecom industry players, with the aim of getting the MobiBank app available worldwide. This bold step is expected to not only revolutionize the mobile banking sector but also to accelerate MobiBank's IPO ambitions, targeting a launch in 2024.

Founder & CEO Jussi Teeriaho expressed his enthusiasm, "This new member in MobiBank family and working in a close partnership signifies a pivotal moment in MobiBank's journey.

We are eager to bring our innovative banking solutions to the USA, and we believe our association with a Telecom industry leader will amplify our efforts.

We see this as a tremendous opportunity for new shareholders to join our journey."

MobiBank extends a warm invitation to stakeholders who wish to be part of this transformative journey, embracing the future of mobile banking. Your response and engagement in this exciting phase are greatly anticipated.

We would be honored to welcome your stakeholders on board as well! Your response is greatly appreciated. Thank you.