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STATEMENT: Begreat Capital, Coremind Ventures and Laren Capital acquire the majority of Visagov shares

(Information sent by the signatory company).

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STATEMENT: Begreat Capital, Coremind Ventures and Laren Capital acquire the majority of Visagov shares

(Information sent by the signatory company)

The company created in 2021 is a traveltech dedicated to the creation of auxiliary services for travelers

Terrassa, April 29, 2024.- This travel Services (https://www.visagov.com) is a startup founded in 2021 by the entrepreneur Virginia Carmona and the businessman Angel Javier Martín. The Traveltech sector company is dedicated to the creation of auxiliary services to the tourism sector, also known in the airline and cruise sector as ancillaries. After the acquisition of the majority percentage, the rest of the capital will remain in the hands of entrepreneurs and key members of the team.The company's first product is a SaaS (Software as a Service) for online visa processing. Every year, more than 240 million people need a temporary entry visa for a foreign country, whether for tourism or business trips, and the technological platform created allows this entire process to be carried out in a simple way and avoid trips and queues at embassies. and consulates, using OCR systems, algorithms and artificial intelligence with direct connection to the systems of the different governments. The consumer user fills out a form, uploads the documentation and comfortably receives the visa at home or through digital means. Within their business plan, they contemplate the deployment of new projects that make life easier for travelers and increase the current offer of services of travel agencies, tour operators, hotel chains, airlines and cruise companies. The development of various technologies such as affiliation systems, white label, direct access to their backend and an API has also enabled them to sign collaboration agreements with more than 3,500 companies in the sector, creating a B2B channel and a specific support team for companies in the sector. The company currently has a headquarters in Barcelona and 48 employees, most of them developers. In 2023 alone, it processed more than 168,000 visas with a success rate of 99.7% and its gross turnover reached more than 15 million euros with an EBITDA of 3 million. Clients come from all five continents, although its largest Markets are USA, UK, Northern Europe and Australia. Spanish users represent only 2% of said billing.

Contact Contact name: Axel Serena Contact description: Visagov Contact phone: 627467560