Expansion into Latin America via Claro Shop and T1 Comercios marks important territorial expansion for Rezolve in major markets

• Launch of Rezolve technology in Claro Shop and T1 Comercios will initially focus on retail division

• Claro Shop has over 10 million users and over 6,000 merchants

• Expands Rezolve’s reach into one of Mexico’s largest online marketplaces

Rezolve announced that it had entered into a definitive business combination agreement with Armada Acquisition Corp. I, a publicly traded special purpose acquisition company, which business combination agreement was amended on November 10, 2022. Upon closing of the transaction, the combined company’s shares are expected to trade on the NASDAQ under the ticker symbol “ZONE”.)

Rezolve, a leader in mobile commerce and engagement, and Grupo Carso, announced a strategic partnership that will see Rezolve’s technology integrated into Claro Shop and T1 Comercios, one of Mexico’s largest online marketplaces, and is expected to transform the mobile shopping experience for millions of consumers.

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Claro Shop is a leader in Mexico’s fast-growing ecommerce sector featuring more than 2,000,000 products in thousands of official stores. The company works with more than 10,000 well-known brands, including global leaders like Levi’s, Puma, Apple, Samsung, and Nike. Claro Shop reported over 10 million mobile users in 2019. T1 Comercios, owned by Claro Shop, is part of Grupo Carso, which consists of 268 companies.

Rezolve, an enterprise SaaS platform designed from the ground up specifically for mobile commerce and engagement, is positioned to become an engine of mobile engagement that enables the transformation of interactions between consumers and merchants on mobile devices. Using the Rezolve platform, merchants can lead consumers directly to special offers by using mobile technology like geofencing, notifications on smartphones, Bluetooth beacons, or watermarked advertisements.

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With ‘Rezolve Inside’ powering the Claro Shop App, users will benefit from a truly omnichannel experience, interacting with stores based on location, image, audio, social media and more, allowing users to make an instant purchase with a single click. In addition, merchants will be able to engage with consumers wherever they are bringing Claro Shop into the physical world with online to offline and offline to online engagement.

“We are delighted to announce this agreement with Claro Shop and Grupo Carso,” said Dan Wagner, Rezolve’s Chairman and CEO. “Claro Shop will be the first to offer Rezolve’s leading mobile commerce and engagement platform in Mexico. Rezolve has enjoyed a strong growth in Asia, and now with this strategic partnership we will be able to grow our presence in Mexico as well.”

Rezolve currently has go-to-market partner agreements with leading global players that have a combined global reach of over 20 million merchants and over 1 billion consumers across China, Asia, Europe, North America, and now Central America as well. Rezolve’s platform already serves over 230,000 of those merchants today.

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