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Alfi, Inc. (NASDAQ:ALF) has launched its new Alfi Ads call center in South Florida, aimed at small and medium businesses (SMBs) in 12 major cities. The initiative is designed to provide SMBs access to targeted ad campaigns that they typically cannot afford, onboarding 5 to 10 new businesses daily. Alfi's technology allows for real-time ad optimization while ensuring user privacy. The company is also exploring expansion opportunities into EU and UK markets, enhancing growth potential.
Alfi, Inc. has signed a contract to operate its digital advertising kiosks at Belfast International Airport, having installed 9 kiosks. This new venture is projected to generate annual revenues exceeding $5 million. Alfi's AI-driven platform is designed to enhance digital out-of-home advertising, providing real-time analytics and targeted content delivery while ensuring user privacy. This initiative positions Alfi favorably, with potential expansions in other airports managed by Vinci Airports worldwide.
Alfi, Inc. (NASDAQ:ALF) has resumed the deployment of AI-enabled tablets in Value Cabs in Belfast, aiming for full installation across a fleet of 800 vehicles. The project could generate approximately $9 million in annual revenue if completed. Currently, several hundred tablets are operational, and the company anticipates installing the remainder as COVID-19 restrictions ease. Alfi's technology focuses on privacy-compliant, targeted digital advertising, enhancing passenger journeys and providing additional revenue streams for drivers.
Alfi, Inc. (Nasdaq:ALF) announced its participation in the 2021 LD Micro Invitational XI investor conference on June 8th at 3:00 pm EDT. Founder and CEO Paul Pereira will present virtually, discussing Alfi's AI-driven advertising solutions that enhance digital out-of-home advertising experiences without compromising user privacy. The event runs from June 8th to 10th on the Sequire Virtual Events platform. Alfi's technology utilizes machine learning to analyze facial cues and deliver targeted ads ethically. For more information, visit getalfi.com.
Alfi Inc. (NASDAQ:ALF) has been selected by NEOOH, a leading digital signage company in Brazil, to install its AI enterprise SaaS platform on digital displays in airports across Brazil. This partnership highlights Alfi's innovative technology aimed at enhancing customer interactivity and data capture. The first implementation will take place at the Sao Paulo airport, with additional opportunities anticipated. NEOOH operates over 10,000 screens nationwide and reaches more than 90 million passengers annually.
Alfi, Inc. (NASDAQ:ALF) announced the resumption of its AI-enabled tablet roll-out in Rideshares across Miami and 10 additional US cities. After delays due to COVID-19, the company has launched its version 2.0 software, which offers enhanced functionality. Alfi aims to deploy a total of approximately 10,000 tablets, providing drivers with additional revenue opportunities. The company has also supported local businesses by offering 30 days of free advertising during the economic recovery phase. Alfi's platform complies with privacy regulations, ensuring no personal information is stored.
Alfi, Inc. (NASDAQ:ALF) has appointed Peter Bordes as an independent director, enhancing its board's expertise in media and ad tech. With over 30 years in the industry, Bordes has significant experience in business development and finance. He previously led Kubient to IPO and serves on multiple boards. This addition aims to support Alfi's strategy for growth and value enhancement for shareholders. CEO Paul Pereira highlighted the collective experience of the board as pivotal for transforming the ad business and positioning Alfi for long-term profitability.
Alfi, Inc. (NASDAQ:ALF) announced the full exercise of the underwriters' over-allotment option, resulting in the sale of an additional 559,701 shares and warrants. This follows a public offering of 3,731,344 shares at $4.15 each, yielding total gross proceeds of approximately $17.8 million. The net proceeds will primarily support the rollout of Alfi's tablets and the SaaS platform, along with repaying any outstanding debt. The sale closed on May 10, 2021, with Kingswood Capital Markets acting as the Sole Book-Running Manager.
Alfi, Inc. (NASDAQ: ALF) announces the appointment of Ron Spears as Chief Revenue Officer, effective May 7, 2021. With nearly 20 years of experience in advertising technology, Spears will lead Alfi's global sales strategy. His prior role as Senior VP at Firefly, a Google Ventures-backed company, showcases his capability in driving revenue. CEO Paul Pereira emphasized the strategic nature of this hire for accelerating growth in customer and revenue segments. Alfi aims to leverage Spears' expertise for enhancing its position in the digital out-of-home advertising market.
Alfi, Inc. (Nasdaq:ALF) announced the closing of its initial public offering, raising approximately $15.5 million by selling 3,731,344 shares and warrants at a price of $4.15 per share. The company granted underwriters a 45-day option to purchase an additional 559,701 shares. Proceeds from the offering will primarily be used to repay debt and accelerate the deployment of Alfi-enabled tablets and software rollout. The shares are listed under the ticker symbol ALF on Nasdaq.
