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Davivienda Arrives at Super App Rappi to Revolutionize the Way Money Is Managed

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Davivienda Arrives at Super App Rappi to Revolutionize the Way Money Is Managed Davivienda arrives at Super App Rappi to revolutionize the way money is managed: • With an innovative product offering, a bank and a delivery and e-commerce platform join experiences and trust to make payments, purchases, transfers, and to save and handle money. • Rappi is a SuperAPP that innovatively integrates everything from supermarket shopping to transportation solutions; now, introducing money management; all in one place. • RappiPay Davivienda is designed for the Pay Generation: a generation we all belong to, because we live experiences and manage finances from our mobile phones. Bogota, May 2019. All the innovation of Davivienda and Latin America´s Super App Rappi come together to bring Colombians new experiences and possibilities to make purchases and manage money easily and reliably. From now on, actions such as making purchases at Rappi, paying for a hamburger by scanning a QR code, transferring money to a friend to pay off a debt, withdrawing cash at an ATM using a mobile phone or making local and international purchases with the Rappi Visa debit card will be possible from one place: RappiPay Davivienda. Beyond being an innovative payment model, Rappi Pay Davivienda, transforms the path towards the future opening of payment ecosystems between Fintechs and Banks. This alliance enhances digital and secure payments in Colombia, lowers access and transaction costs, reduces the use of cash, and strengthens businesses and entrepreneurs in the country, both in e-commerce and in conventional stores, thanks to its features and benefits. Joining RappiPay Davivienda does not require paperwork or being a Davivienda customer. The process is as simple as downloading Rappi, activating RappiPay Davivienda on the App, and adding money either through another RappiPay Davivienda, by electronic transfer from any bank, through an authorized agent or at any Davivienda branch. RappiPay has no transaction costs and all it takes is a minute to start an innovative and easy-to-use experience. RappiPay Davivienda is supported by the DaviPlata platform which has the capacity to connect with ecosystems to enhance allies’ strategies such as Rappi. DaviPlata is an electronic deposit at Banco Davivienda, currently serving 5 million customers, which has consolidated as the main digital tool for financial inclusion for Colombians. DaviPlata enables thousands of families to receive subsidies, thousands of companies to pay their payroll, and thousands of people to receive remittances from their families. That is how RappiPay Davivienda becomes an easy alternative for all Colombians to access the financial system on their mobile phones and enjoy experiences that make their lives easier. Rappi integrates experiences and opportunities in one place, from buying in drugstores, restaurants, markets, to transportations solutions; now, introducing money management. This consolidates Rappi as Latin America´s Super App. "We are confident that this alliance will allow us to contribute to Rappi´s consolidation as Latin America´s Lifestyle SuperApp. We are proud of the arrival of Davivienda at Rappi to revolutionize the way we handle money and provide Colombia with world-class innovation and lifestyle",stated Efraín Forero, President of Davivienda. Nearly 4 million people have downloaded Rappi in Colombia, where users have access to instant delivery of virtually everything from supermarkets to restaurants, cravings and pharmacies guaranteeing the same price. As the place that has it all, the platform innovatively integrates services such as RappiPay Davivienda, options that promote transportation such as Grin scooters, or manicure services, among others, making people's lives easier by giving them back their time so they can spend it as they see fit. All these experiences are inspired by a generation that wants to simplify life, so it could be further enjoyed. A generation we all belong to. A generation that uses less and less cash and prefers mobile payment technology, because it is fast, convenient and safe. A generation we call the Pay Generation. "At Rappi we are committed to improving the quality of life of Latin Americans. That is why we continue betting on innovations such as this one, which, along with Davivienda, allows us to offer our users the trust and security they need to manage their money and make their payments. This opens up a world of possibilities to make life easier for Colombians in sectors such as transportation, services and access to products", stated Simón Borrero, CEO and co-founder of Rappi. About Davivienda: Here at Davivienda we believe in an unhindered financial world that makes life easier for people, communities, businesses and cities. That is why we are more than 17,000 people in Colombia, Panama, Costa Rica, Honduras, El Salvador and Miami, innovating, investing in knowledge, talent and technology, creating alliances and seeking best practices around the world, with the purpose of offering everyday solutions and exclusive offers to 10 million customers, allowing greater financial inclusion and increasing sustainable development. We are currently the second largest bank by loans in Colombia*, with a network of 713 branches and more than 2,100 ATMs in Colombia and our international subsidiaries. We are part of Grupo Bolívar, and since 1972 we have devoted our efforts to enrich people's lives, supporting them in the construction of their personal equity, that of their families and their companies, as well as in the development of the business, commerce, and rural sectors, among others. *Financial Superintendence (Figures as of March 2019) About Rappi: Rappi is Latin America's Super APP, which is on a quest to make people's lives easier by giving them back their time so they can spend it as they see fit. The platform provides access to instant delivery of virtually everything from supermarkets to restaurants, cravings and pharmacies, including the RappiPay payment platform. Using technology Rappi innovates to create new sources of growth and development in Rappitetenderos (the people powering our business), restaurants, supermarkets, retailers and new start-ups. It is present in Brazil, Colombia, Mexico, Argentina, Chile, Uruguay and Peru. In 2016, the company was boosted by Y Combinator, the world's largest startup incubator; in early 2018, the company raised USD $185 million, which allowed its expansion in Brazil and Latin America; in September 2018 it raised USD $220 million, becoming the new Latin American unicorn. In 2019, it received a new investment, this time from SoftBank Group Corp. "("SBG") and the SoftBank Vision Fund, worth up to one billion dollars. This investment has been the largest of its kind for a technology company based in Latin America. About DaviPlata: DaviPlata is the digital solution that democratized access to financial services in Colombia through mobile phones. DaviPlata was the first platform that allowed any Colombian to spend money on social networks, the first to allow transactions to other banks totally free, the first to offer a free virtual card with immediate activation, the first to pay subsidies through a mobile solution, the first to offer an application without consuming the customer data plan, the first to use ATMs without the need for a card and the first to adapt to the population with disabilities. Today, through DaviPlata, our partners can connect their business ecosystems to potentiate their value- added strategies with each of the players that interact in it. As of 2019, DaviPlata has more than 5 Million customers, positioning itself as an easy to use digital product, within the reach of anyone. .
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