Ridley Capital Group Announces Sale of ABE.AI

January 2, 2019 – Louisville, Kentucky

ABE.AI, an artificial intelligence company focused on advancing ease to financial services to mobile consumers, and sponsored and funded by Ridley Capital Group, announced the close of its sale to Envestnet (ENV: NYSE). Terms are not publicly available.

Shawn Ridley, Managing Partner of Ridley Capital Group, commented that “ABE.AI is led by great talents, and I’m excited to see its powerful applications adopted by a powerful financial services company that wants to enhance customer engagement.” Ridley continued to say, “We started ABE with an idea, defined our cause, and engaged our market that is desperately in need of customer engagement.”