Ms. Brittany Blanco reports

CIBC INNOVATION BANKING PROVIDES GROWTH FINANCING TO CAREFULL TO ACCELERATE EXPANSION

Canadian Imperial Bank of Commerce's CIBC Innovation Banking has provided growth capital financing to Carefull, a leading financial safety platform focused on protecting aging adults from financial fraud and exploitation. This financing will further accelerate the company's expansion, bringing its innovative financial protection solution to more families, financial institutions and wealth managers.

Carefull's artificial-intelligence-powered platform was designed in direct response to the growing threat of financial fraud targeting aging adults. Carefull recognizes suspicious behaviours, from romance scams and fake charities to unusual transactions, money mistakes and early warning signs of cognitive decline. By pro-actively scanning financial activity, Carefull provides real-time alerts and expert-driven educational resources that help prevent small issues from becoming devastating financial losses.

"We are excited to work with CIBC Innovation Banking as we continue developing innovative solutions to meet the growing needs of aging adults and financial caregivers," said Todd Rovak, co-founder of Carefull. "Having access to additional funding allows us to deepen our impact and extend our reach, ensuring more older adults and their loved ones are protected from financial risks."

This opportunity for financing comes as Carefull continues its strong growth trajectory, expanding its partnerships across the financial services industry with banks, credit unions and wealth advisers. By seamlessly integrating its protections into the financial ecosystem, Carefull not only protects older adults, but also empowers financial institutions to enhance client trust, deliver differentiated experiences and deepen multigenerational relationships.

"Carefull's mission to help families and loved ones avoid financial missteps is deeply aligned with what CIBC Innovation Banking values in the companies we work with," said Brittany Blanco, director, CIBC Innovation Banking. "We are thrilled to provide financing support to help the company accelerate delivery to more individuals."

About CIBC Innovation Banking

CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America -- a longer record than most banks. CIBC Innovation Banking now has over $11-billion in funds managed, including life sciences, health care, and clean-tech companies, investors and entrepreneurs, and has assisted over 700 venture and private-equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston and Durham.

About Carefull

Carefull is the first financial safety platform designed to protect aging adults and their families from elder fraud, scams and money mistakes. Built to support the unique needs of older adults, Carefull's proprietary artificial intelligence provides 24/seven account monitoring, a suite of identity and home protections, along with expert resources to help families, advisers and financial institutions safeguard families' financial well-being. Financial institutions and wealth advisors use Carefull to deepen relationships across generations, provide pro-active protection, and enhance trust with clients navigating both aging and financial caregiving for older adults. Recognized for its innovation in financial safety, Carefull partners with leading institutions to put financial care into financial services.